Card Credit Machine Wholesale (cont.)
Contributed by Melanie Vannuys
Should I Lease Or Buy My Credit Card Machine At Wholesale?
As the owner and operator of your business, you should take into consideration your company's long-term goals and current financial condition before you decide whether to buy or lease any type of equipment.
Something else to consider: you don't want to buy equipment that is going to depreciate in value, will be technologically obsolete within a few years or if the equipment will only be needed for a short period of time.
You'll need to think in terms of payment when choosing to buy or lease as well. Leasing equipment almost always ensures 100% financing, no down payment and reduces your monthly payments by stretching them out over longer periods of time. If you're a start-up company with a low operating budget, leasing may be your best solution.
If you are a seasonal business - for instance, maybe you have a Christmas tree farm and you only operate in November and December, a lease may be the best option for you.
On the other hand, buying equipment also has its share of pros. Buying allows you to gain the appreciation of the equipment if applicable. Leasing equipment doesn't guarantee that there will be replacement equipment when your lease is over or that the lessor will renew the lease.
