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Purchasing vs leasing.

Save up to 45% on leasing costs by purchasing outright

Purchase now

Should I purchase my card machine?

Leasing small, low value (in real terms) equipment can work out to cost a lot more over the lifetime of a contractual leasing agreement compared to purchasing upfront. You would never consider leasing an iPad or TV – so why are merchants doing this for card terminals? In fact, in a recent Valitor survey with the RFI, two-thirds of small and medium merchants surveyed favoured purchasing rather than leasing their card terminal.

Should I purchase my card machine?

Leasing small, low value (in real terms) equipment can work out to cost a lot more over the lifetime of a contractual leasing agreement compared to purchasing upfront. You would never consider leasing an iPad or TV – so why are merchants doing this for card terminals? In fact, in a recent Valitor survey with the RFI, two-thirds of small and medium merchants surveyed favoured purchasing rather than leasing their card terminal.

The benefits of purchasing your card terminal.

Substantial savings

Merchants can save up to 45% by purchasing a card machine instead of spreading the cost over 36 or 48 months.

No monthly rental costs

If you purchase your card machine, the device belongs to you, so there will be no ongoing monthly rental costs.

12 months warranty

Customers who purchase their terminal will receive the same level of support and service levels as leased customers.

Speed of set–up

The set-up process when you a purchase a terminal is a lot quicker compared to applying for a leasing agreement. This means that you can be up and running quickly, accepting card payments almost immediately.

No long-term contract

Many businesses do not know what their financial situation will be in 3 to 4 years – so committing to a leasing agreement can feel scary. By purchasing your card terminal upfront, this will put a stop to ongoing and lengthy leasing contracts.

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Should I be leasing my card machine?

Leasing your card machine is a beneficial option if you do not have the cash flow available to purchase upfront.

Leasing a card machine can be a helpful option for your business if you need a longer-term financial arrangement. The cost of your card machine will typically be spread across a 36 or 48-month contract and you will need to make a regular monthly payment. It does work out more expensive in the long run, however, it will help improve your cashflow.

A further benefit is that if anything goes wrong with the machine, the provider will resolve any issues for you. The main pitfall of leasing a card machine is that it becomes an ongoing expense, like renting a house or leasing a car and you will never own it outright.

Should I be leasing my card machine?

Leasing your card machine is a beneficial option if you do not have the cash flow available to purchase upfront.

Leasing a card machine can be a helpful option for your business if you need a longer-term financial arrangement. The cost of your card machine will typically be spread across a 36 or 48-month contract and you will need to make a regular monthly payment. It does work out more expensive in the long run, however, it will help improve your cashflow.

A further benefit is that if anything goes wrong with the machine, the provider will resolve any issues for you. The main pitfall of leasing a card machine is that it becomes an ongoing expense, like renting a house or leasing a car and you will never own it outright.

What should you consider before purchasing or leasing a card machine?

There are plenty of factors to consider when it comes to purchasing or leasing a card machine. Here are a few factors that you will need to consider before making your choice.

  • Determine whether you have sufficient cash flow to buy your terminals outright.
  • Consider whether you will receive better tax benefits through purchasing or leasing.
  • Think about whether monthly payments will be easier for you to manage.
  • Consider where you and your business will be in the next 3 to 4 years. Do you have the security to sign up for a longer-term contract?

Give it some careful thought before making your choice and be 100% aware of your needs and responsibilities to ensure you make the right decision.

What should you consider before purchasing or leasing a card machine?

There are plenty of factors to consider when it comes to purchasing or leasing a card machine. Here are a few factors that you will need to consider before making your choice.

  • Determine whether you have sufficient cash flow to buy your terminals outright.
  • Consider whether you will receive better tax benefits through purchasing or leasing.
  • Think about whether monthly payments will be easier for you to manage.
  • Consider where you and your business will be in the next 3 to 4 years. Do you have the security to sign up for a longer-term contract?

Give it some careful thought before making your choice and be 100% aware of your needs and responsibilities to ensure you make the right decision.

Short-term rental

If you’re organising an event or pop up shop that will run for only a day or two, for example, a short-term card machine could be the answer for a relatively small outlay. It removes the need to get into a long-term commitment.

View short-term hire