Why Should You Rent or Lease a Coffee Machine?
Rent, Lease or Buy?
Once you have decided the model of coffee machine that suits the best for your office or company, there is only one, but crucial, step to make. You have to decide, whether you should buy, rent or lease the coffee machine. Why is this step important? For several reasons that we will analyse in this post.
Different agreements come with different benefits. All of them have some specific pros and cons that you have to be aware of. So today we will focus on the advantages and disadvantages of signing a coffee machine rental agreement or the benefits and traps when you lease coffee machines.
However, if you have already decided the way that you will acquire your coffee maker but you want to learn some more specific information about products and suppliers, then even better.
Fill out the form at the right side of the page and our qualified sales team will provide you a list of options according to your description. There is no charge, tricks or obligations for this service, thus do not hesitate and send us your request today!
Read More: Coffee Vending Machines
Is There Any Difference Between Renting and Leasing a Coffee Machine?
Of course there is a difference. First of all, when you lease a coffee machine you agree in some specific terms for a pre-defined period of time. During this period you pay your instalments but you can also use the coffee machine as it would be yours. However, the ownership remains to the company that supplied you the product.
When the predefined period of time that you have agreed expires then you have the option to buy full ownership of the coffee machine by paying then remaining value on the machine.
On the other hand, renting a coffee machine is a totally different process. If you hire a coffee machine, you do it for a predefined period of time but you have the option to extend your rental agreement if you remain satisfied with what you get.
Even though that depends from the agreement that you will reach, most of the times when you rent a coffee machine you also enjoy constant technical support. In some cases, it is also includes a training program from a barista to guarantee the proper operation of the machine.
However, when you have a rental agreement you do not have the option to buy the coffee machine, and thus, it may be not so profitable a deal in long term for your business.
Read More: Coffee Machine Suppliers
Advantages and Disadvantages of Renting and Leasing
We know that an office coffee machine, or for you coffee shop or company is an important and expensive investment. Some times the capital of your company is not so much to afford buying a new coffee machine. Furthermore, probably you are not an expert on coffee machines and you are afraid that your final choice will maybe prove wrong in the future.
For all the mentioned above reasons, renting and leasing are great alternatives for you. Nonetheless, there are also some disadvantages if you decide on a coffee machine lease that you have to be careful. So, let's see the pros and cons of both options:
Advantages of Renting a Coffee Machine
You choose with your agreement if you will have technical support and on which level. In most of the agreements, the maintenance and the breakdowns are covered by the renting company.
You can calculate the fixed price that it will cost you every month. Given that the technical support is provided, you only have to be worry about the monthly instalments that you agree to pay.
You can agree on super-short-term rental deals, which is a great option for one day events, conferences or festivals.
Even if your contract expires, you have the option to extend your agreement.
You can rent a better model of coffee machine that you would choose if you had to pay for full ownership
You save cash for other business-related investments.
Disadvantages of Renting a Coffee Machine
It is a solution that is profitable when it is not a long-term choice. If you continue renting a coffee machine for many years it will prove to be a far more expensive option.
You do not have the option to buy the coffee machine.
Being tied with a contract is not always the best scenario.
Advantages of Leasing a Coffee Machine
It is a great way to check in practice if a specific coffee machine suits to your specific needs. In this way, you avoid risking your money in an investment of the total cost of the machine.
If you are satisfied with the coffee machine, you can buy the full ownership with a reduced price after some period.
You can choose a better model than the one that you would choose if you had to pay the whole cost from the beginning.
You can save money for other business-related investments.
It can be also tax effective, while you can include the cost of the monthly instalments to your company's costs.
You can make a small adjustment in your payments if you want to upgrade your equipment.
Disadvantages of Leasing a Coffee Machine
You have to pay penalties and fees if you want to terminate your contract earlier that the arranged date. Even though, you can negotiate a more affordable solution on this scenario at the beginning of your agreement.
In long-term, the rental price can be higher than the purchase price.
Price of Leasing or Renting a Coffee Machine
The price to lease or rent a coffee machine it is of course depended on many different variables such as the model of the coffee machine, the additional features, the supplier and the terms of agreement that you will sign with the supplier. In other words the price varies by many different factors.
The type of coffee machines that companies are most frequently preferring are:
- Bean to Cup Coffee Makers
- Espresso Makers
- Instant Coffee Machines
- Coffee Vending Machines
However, in general terms we could say that is difficult to rent or lease a coffee machine with less than £10 per week and almost impossible with a price below £5 per week. On the other hand, most of the models, even the bigger units, can be rented or leased with a maximum price of £50 per week. Of course there are some exceptions in both ends, but normally you will not need more than this amount of money.
Read More: Built in Coffee Machines
Ready to Rent or Lease Your Next Coffee Machine?
We hope that you found this post interesting and useful concerning your research. If you decided which type of agreement is more suitable and profitable for the needs of your office or company, then fill out the request form at the top of this page and let our experienced sales team provide you a list of possible options according to your description. These services are free of charge and without any further obligations, so send us your request today.