Startup costs for a retail business can affect your earnings for many years to come. To offset these costs, you should consider saving money by renting equipment, including leasing a cash register or point-of-sale (POS) system.
Companies that offer cash register leasing work with business owners to give them the latest technology needed to succeed in their industry. Furthermore, when you lease a cash register, you don’t have to tie up funds to finance the equipment.
However, leasing cash register systems is a bit unusual -- most POS systems, including cash registers, are sold outright. So if you want to lease a POS register, you will have to:
- Find a company that offers cash register lease services. Examine the different leasing and payment options proposed by the company.
- Apply for cash register equipment financing. After choosing the equipment that you wish to lease, you’ll have to go through a credit approval process.
- Insure the equipment after leasing cash registers. Once you lease a cash register, you want to make sure that you are protected in the case of breakage.
Work a cash register leasing deal through a cash register distributorMany POS system and cash register resellers will help you finance a cash register through a third party finance company.
Request a quote from a company with cash register lease servicesAfter you start the process of leasing a cash register, you need to go through the different leasing options with the selected company. Many companies offer cash register leasing services that have a buyout option or short term low cost leases.
Pick a cash register leasing payment plan that's perfect for youYou have to take a look at your cash flow as well as budgets to decide how to finance a cash register. Many businesses allow you to lease a cash register by making monthly, quarterly or deferred payments.
Insure a cash register equipment leaseMany cash register leasing companies have clear guidelines on how they expect their equipment to be returned at the end of the lease. If the cash register breaks during the lease period, you're likely responsible to cover the cost of repair. Protect yourself by getting insurance on the cash register leasing service.
- Most cash register leasing companies will not require a down payment to acquire the equipment that you need. However, you may have to pay the first and last month of the lease before they release the equipment to you.