Assuming that you are looking for an ATM, the tussle between buying and leasing must be driving you on the edge. The thumb rule to tide over such tricky situations is to factor in various vectors, see the bigger picture, and choose wisely. For further details, read on.
Budget:
A brand new ATM machine involves higher upfront costs while renting relieves you from any lump sum payments. So, consider buying only if you have the intent and ability to put up thousands of dollars upfront, or else prefer leasing where costs are spread out over several months.
Duration:
If you are planning to keep the ATM for a longer duration, an outright cash purchase is a way to go. Though leasing ATM machines will cost you far more in the long run vis-a-vis purchasing, it is an apt arrangement for short-term requirements.
Technological upgrades:
ATM is an evolving world where technological enhancements happen instantaneously. The machine you buy now will be outdated in a year or so, leaving you beleaguered and regretful. As such, you are better off renting an ATM and asking for a new one from the renter every time upgrade happens.
Ownership:
Buying an ATM means having complete ownership of the machine. You are the one to decide the place where the ATM will be placed or what service schedules will be followed. Contrarily, in a lease, it is the renter who will call the shots.
Related read: How atm machines help in a small business?
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