The Benefits of Vending Machine Leasing

Immediate usage

A lease agreement is a contract between you and a vending machine rental company, which typically lasts 2-5 years. When leasing a vending machine, you can have your machine delivered straight away while making regular payment installments – usually every month to the leasing company.

Future ownership

When you lease a vending machine, you will be able to claim ownership of the machine at the end of the agreement – all you need to do is you pay a small administration fee. If you don’t want the vending machine when the contract terminates, you have an option of returning the machine to the leasing company.

Fixed payments

Leasing a vending machine is very straightforward, cost-effective and safe. When you lease, your monthly instalments over the leasing period will always be fixed – this means that the payment is not affected by the rise in interest rates or inflation.

As there are no fluctuations when you’re making the payment, you can budget and keep track of your money more wisely. Also, as you have a rough estimate of your monthly expenditure, you can start investing in new products, or recruit new employees for your business.

Earn extra income

Employees may want a snack or drink every now and again to boost their energy levels during their working hours. Thus, having a vending machine in your workplace will allow you to gain some additional income before your next lease payment is due, and it will hopefully start to pay for itself.

You should consider placing the vending machine where it is visible, accessible and easy to get to. Employees and customers will not want to visit frequently if they cannot see or find the vending machine.

Tax benefits

One of the main reasons why companies prefer leasing, rather than purchasing a vending machine, is that it provides tax benefits and reduces your tax bill – the percentage of tax relief you get depends on your tax band.

All lease payments are treated as an allowable business expense and provides tax relief until the end of the lease agreement. Tax relief can reduce your overall cost, which can save yourself money and potentially increase profit.

Get the latest model

With a leasing agreement, you can get your hands on the latest vending machine model. In most cases, you’ll need to pay a small deposit in cash to choose the best vending machine with the newest technology. Also, you have the choice of upgrading the machine at any stage throughout the leasing agreement – the payment schedule just needs to be restructured.