How do leases work?
OK. You’ve decided upon the machine that you want. You have decided you’d like to keep your capital in the business and you’d like to spread the cost. Vending companies almost always use third party leasing companies. Even if the vending company has personalised leasing documents, the finance is likely to be broked through a major leasing company. The first thing you need to decide is how long you would like the lease to last. Leases on vending machines are available over one year up to six years. Naturally, the longer the lease, the lower cost. These days, a properly maintained vending machine will easily last well over six years, which is about the longest lease available, so if you are looking to pay as little as possible, the longer the lease, the better. The most common leases on vending equipment these days are of five years duration, although increasing numbers are opting for the longer six year alternative. Having decided upon the duration of the lease the vending salesperson w
