Should Business Owners Lease or Buy an ATM?

Putting an Automated Teller Machine or ATM on an establishment or business site like restaurants, salons, or gas stations, can be a huge convenience for customers or people passing by. It can also be a profitable venture to gain more passive income. An automated Teller Machine is likely to be accessed a lot of times per month.

The surcharge fees from these transactions will generate tons of revenue for owners that can add up to thousands of dollars every year. If people are thinking about adding ATMs to their business, they need to decide if they would rather buy or rent the machine.

There is no correct answer to this question. It always depends on different factors tied to their business. If they are unsure whether purchasing or leasing is better for them, these considerations will help potential owners arrive at a clear and logical decision.

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Monthly and upfront costs

Upfront costs of ATMs are different depending on if the person is leasing or purchasing the device. Upfront costs can come at an expensive price point. Installation is the main expense, which can cost owners between $50 and $600. Not only that, they will need to have a cash reserve of at least a thousand dollars at all times in their ATM device.


In the short term, leasing ATMs can cost less compared to purchasing one. The monthly cost for renting differs depending on the brand or model, but it may run from $50 to $150 per month. There are also additional expenses that owners need to consider. It costs more if they also are renting wireless modems or want to use cash loaders. It means a third party will provide the funds.

Another renting cost people need to consider is any interest they will accumulate, which is standard for renting contracts, which can raise the renting cost to well above the unit’s price when all is said and done—as such purchasing an Automated Teller Machine may be a lot cheaper in the long run.

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Description: Should You Buy or Lease an ATM for Your Business? -


To purchase an Automated Teller Machine, businesses can expect to pay from $1,000 for a simple and used model to $10,000 or more for a brand-new one. Automated Teller Machines that are installed in walls can cost at least $5,000. Newer models are more likely to come with valuable enhancements like larger touchscreen displays, as well as accessibility functions for individuals with hearing impairments and disabilities.

If they plan to keep a unit in their business area indefinitely, purchasing one upfront may be a much better deal long term. But if they are uncertain how long they will need a unit or will be worthwhile to their venture’s bottom line over the next couple of years, renting could be the better choice as a proof of concept.

Latest models

Whether people rent an ATM or want to purchase one, they need to make sure they get models that do not have any complaints or significant technical problems. As with any other second-hand device, people do not know how the individual who owned it first treated it or where it was placed. That does not mean owners are better off getting a brand-new one. It is just something they need to consider. Regardless, of whether they purchase or rent a unit, brand-new models will be a lot more expensive upfront.

Leasing – If the Automated Teller Machine retailer you are leasing from offers different models, leasing may give you tons of flexibility when it comes to choosing a unit that best suits your venture’s premises. Not only that, but you may also be able to get an upgrade in the future. Leasing a unit also gives owners the chance to try different used brands and models so they can get a clear idea of which one they would want to purchase if that is what they want to do in the future.

Buying – Purchasing new models cost more than purchasing older or used ones, but future owners need to consider that the unit’s looks can be crucial. A use or older unit can provide users the impression that it is less secure. For example, units with small displays that are not touchscreen may appear less reliable and safe compared to the bigger ones with full-color touchscreen.