Rent-to-Buy Vending Machine

The Rent-to-Buy vending machine option allows customers to rent a vending machine first and decide later whether they would like to purchase it. This may be suitable for customers who want to test the sales performance of a location before committing to a direct purchase. The Rent-to-Buy option is subject to machine availability and approval by CHIN THNG.

How Rent-to-Buy Works

  • Start with the standard rental arrangement.
  • Decide whether to purchase the machine within six months.
  • Eligible rental payments made during the first six months will be deducted from the S$4,800 purchase price.
  • The remaining purchase balance will be calculated after deducting the eligible rental payments.
  • Machines purchased under Rent-to-Buy will not include the one-year warranty.

Example Calculation

  • Machine purchase price: S$4,800
  • Rental paid over six months: S$1,680
  • Estimated remaining purchase balance: S$3,120

The security deposit is separate from the monthly rental payments and will be handled according to the rental agreement.

Important Rent-to-Buy Conditions

  • The purchase decision must be made within six months.
  • Only eligible rental payments will be deducted.
  • The security deposit is not automatically treated as part of the purchase price.
  • Machines purchased under Rent-to-Buy do not include the one-year warranty.
  • Transportation and cashless-payment equipment are not included.
  • The arrangement is subject to machine availability and approval.
  • Final terms will be stated in the agreement.

Why Customers Choose Rent-to-Buy

Many customers prefer to rent first to test whether a location generates sufficient sales. When the location performs well, they may decide to purchase the machine within six months and deduct the eligible rental payments from the purchase price.

rent-to-buy vending machine