---
title: Should I Purchase or Lease my EFTPOS Terminal?
description: Take our quiz to help you decide whether you should purchase or lease your EFTPOS terminal.
---

[Eftpos NZ Blog ](https://blog.eftpos.co.nz/blog)

# [Should I Purchase or Lease my EFTPOS Terminal?](https://blog.eftpos.co.nz/blog/purchase-or-lease-eftpos)

 Written by [Caitlin Wyllie](https://blog.eftpos.co.nz/blog/author/caitlin-wyllie) | Sunday, March 24, 2019

When it comes to choosing an EFTPOS terminal for your business, you may be considering whether to purchase or lease a device. There's no one-size-fits-all answer—it all depends on your business’s cash flow, growth plans, and how much flexibility you need.

To make the decision easier, we’ve put together a quick quiz to help you determine the best option based on your business needs. But first, let’s break down the pros and cons of each approach.

### Purchasing an EFTPOS Terminal

| **Pros** | **Cons** |
| --- | --- |
| - **One-time cost** – No ongoing rental fees - **Full ownership** – The terminal is yours to use however you like - **Potential long-term savings **– If you choose a late model device and can continue using the terminal for years, it may cost less overall than leasing | - **Higher upfront cost** – Can be a significant investment, especially for small businesses - **Technology risk** – You’ll need to upgrade or replace it when your device reaches it's sunset date - **Limited support** – Support can be limited compared to an EFTPOS subscription package |

 

### **Leasing an EFTPOS Terminal **

| **Pros** | **Cons** |
| --- | --- |
| - **Lower upfront costs** – No big initial investment - **Ongoing support** – Maintenance, updates, troubleshooting and proactive compliance upgrades are typically included - **Flexibility** – Upgrade to newer models easily as your business grows | - **Ongoing cost **– Monthly fees add up over time - **No ownership **– If you stop leasing, you won’t have a terminal - **Contract terms **– Most providers require fixed-term agreements |

So, which option is right for you? Take our short quiz, and we’ll send you a personalised recommendation based on your business needs.

[Take our quiz here](https://engage.eftpos.co.nz/free-quiz-purchase-vs-lease-quiz) and we'll send you our recommendation based on your business needs.

 

 

[View full post](https://blog.eftpos.co.nz/blog/purchase-or-lease-eftpos)

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