POS SOFTWARE
There are several tax and management advantages to renting rather than leasing a POS system. Overall the costs are in my experience, a bit dearer with the rental.
Generally, these rentals are done for a four year period. At the conclusion of the agreement, you have the following options
1) Return the system to us which we accept as long as it is in good working order.
2) Purchase the POS system at a fair market rate. This is normally agreed at the start of the rental.
3) Continue with the rental on a month to month basis which is a very popular option particularly if you are unsure of what is going to happen soon in the business.
