Is Buying a Vending Machine Worth It UK?

The vending machine industry is very big in the UK right now. So many people are getting into the business and putting up vending machines of all kinds across the country. With overwhelmingly positive feedback from successful operators, it can really be tempting to just jump on the bandwagon and buy your own vending machine. But before you do so, you need to think carefully. Is buying a vending machine really worth it? This article brings to light some important things to consider.

Buying versus Renting

Many newcomers to the vending industry immediately think that they have to actually buy a vending machine to start the business. This, of course, is not the only option. There are many other ways to procure an automat, such as by renting or leasing.

Let’s say you spend money and purchase a brand-new high-tech vending machine. That could cost you probably €4000 for a basic machine. If you want all the bells and whistles like cashless payments, top-of-the-line cooling, age verification, and so on, you might have to spend over €10000. Now, compare this to renting a machine with the same features, and you would just be paying a small fraction of the cost.

Benefits of Buying a Vending Machine

Of course, buying a vending machine does come with a number of benefits as well. Not everyone can afford to buy a vending machine but if you do have the money, here are some reasons you might want to go down this route.

Full Ownership of the Vending Machine

Once you pay for the vending machine, it immediately counts as an asset of your business. You have full ownership and you are not liable for it to another entity in case it gets damaged. You do have to pay for repairs, of course, but that’s just part of the business.

One-Time Purchase

For those who do not want to deal with monthly payments and simply want to own the machine right away, an outright purchase is the obvious choice. Also, if you pay in full and in cash, you can get a sizable discount, rather than if you avail an installment plan or use a card.

Lower Overall Machine Cost

When you buy a vending machine, you only need to spend on it once and that’s it. Well, there’s the matter of repairs but that is only as needed. With renting, the payments are endless. As long as you are using the machine, you will have to pay rent unless you have a rent-to-own agreement, in which case you will eventually own the machine after making a certain amount of payments.

Buy Your Machines from a Trusted Supplier

If, after careful consideration, you decide that buying is the best route to take, make sure you do so from a trusted vending machine company. You certainly don’t want to end up with a machine that is not suited to your product, or that would break after a few months.

A leader in vending solutions since 1930, Vending-Machines.ie has a line of the finest vending machines, all fully customizable with state-of-the-art features to meet your needs. Check out our catalog and find the perfect automat to start your business right!