#Commercial espresso machine full#
Typically, rent-to-own plans feature monthly payments similar to renting a machine while allowing you to maintain full ownership. Rent-to-own plans provide another option, allowing you to make installment payments on your machine until you choose to buy it without requiring a large, upfront payment. Payment Plan Options – The recent introduction of loans and payment plans for higher-cost business equipment makes it increasingly easy to buy an espresso machine at a monthly price comparable to renting.If you own your machine, switching equipment is a more costly move. Flexibility – Renting allows you to swap your espresso machine for another fairly easily if you decide your existing model doesn’t meet your business needs.Keeping up with routine maintenance on your machine can help lower your risk of costly repairs. On the other hand, if you own your machine, you must pay out of pocket for all services not covered by the manufacturer’s warranty or past the warranty period. However, that service can mean higher monthly rental payments. Liability – Renting typically eliminates your liability when operating an espresso machine in your coffee shop because most rental company contracts include service.Alternatively, renting a machine costs about $150 a month or less depending on your rental company. For example, you could easily spend $10,000 to buy an espresso machine or around $300 a month on a payment plan. Renting requires a much smaller upfront cost followed by predictable monthly payments. This can create a huge financial strain for many new business owners given all of the other costs associated with starting a specialty coffee shop. Upfront Cost – Buying an espresso machine often requires you to make a higher outright payment, if not the total cost of the machine.To help you make an informed decision for your cafe, we’ve outlined the key differences and similarities between these options.
Get a feel for what you are investing in and decide if its right for you and your business. Go see the machine in person, if possible.Look into payment plans offered by various sellers and compare to the cost of renting.If you are choosing to rent a machine, see what quotes you can get from different companies in order to weigh your options. Price quotes and qualifications will be different depending on seller and machine.Here are a few tips when deciding to rent or buy:
0 kommentar(er)
