How to Lease a Hot Dog Machine

Whether for private or commercial use, purchasing a hot dog machine can require a big investment. If you do not have the money to buy a hot dog machine outright, you may be able to lease a hot dog machine. Your success in leasing a hot dog machine will depend on several factors, including the leasing company, your credit history and your ability to fulfill a leasing contract.

Instructions

1

Decide what type of hot dog machine or cart you want to lease. There are nearly as many types of hot dog machines on the market as there are types of hot dogs, and deciding the type of machine you need will help you narrow your search for a company that may provide a leasing option for the product. Hot dog machines can range anywhere from $100 to $20,000, as of 2010. You may want to use the Internet as a research tool to search for hot dog machines in your area. Warehouse stores may also have small commercial and private use hot dog machines for sale with options to lease. Consult Resource 1 for a list of commercial equipment companies.

2

Speak to a company associate about leasing options for the company's machines. He will be able to tell you about the leasing contract, and also tell you what kind of information the company will need from you.

3

Provide the store with your credit information. The company will check to see if your financial and credit history are suitable for a leasing contract. In most cases, they will need information about your job and your social security number.

4

Carefully read the terms of the lease agreement. If you are leasing the hot dog machine and do not plan on purchasing it outright at the end of your lease term, you will have to keep the machine in good condition. This condition will be specified by the company in the leasing contract and it is essential to know these qualifications before agreeing to the lease.

5

Sign the leasing contract and begin to make the agreed upon payments to the hot dog machine company. Make all necessary payments and repairs to the machine throughout the term of the lease agreement, as failure to do so could result in the company repossessing your hot dog machine.