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Used and Refurbished ATMs

Adding a Used or refurbished ATM can sometimes be appropriate for businesses on a budget.  New England ATM stocks and refurbishes all manufacturer ATMs, we can assist you and your business in avoiding the pitfalls of buying a used ATM from Craigslist, eBay or Facebook Marketplace.  While some of the deals may be tempting, they can also end up costing you more in the long run. 

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Adding an ATM to your business can boost customer satisfaction, increase foot traffic, and generate extra revenue. However, picking the right machine—whether it’s new, used, or refurbished—can feel overwhelming. In this guide, we’ll break everything down in simple terms to help you make the best choice.

Understanding Your Options: New, Used, and Refurbished ATMs

Before diving in, it’s essential to understand the differences:

  • New ATMs: Machines straight from the manufacturer with the latest features and warranties.

  • Used ATMs: Previously owned machines that are cheaper but may lack modern upgrades.

  • Refurbished ATMs: Used machines restored to like-new condition with updates and warranties.

Each option has its pros and cons, which we’ll explore next.

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Benefits of Buying a New ATM

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  • Latest Features: New ATMs come with updated technology like EMV card readers and sometimes, contactless payment options (NFC).

  • Reliability: These machines require minimal maintenance in the first few years.

  • Manufacturer Warranty: Most new ATMs come with a 1-3 year warranty.

  • Fresh Look: If you are concerned about aesthetics of the ATM, a new look can be important.

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Downsides of New ATMs

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  • Higher Upfront Costs: New ATMs can cost anywhere from $2,500 to $4,000.

  • Longer ROI: While reliable, it may take longer to recover your investment.

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Quick Tip: New ATMs are ideal for high-traffic locations where advanced features are needed. New England ATM offers all major manufacturers new ATMs for Sale.

Why Choose a Used ATM?

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  • Lower Price: Used ATMs are budget-friendly, costing 30-50% less than new ones.

  • Quick ROI: The lower cost means you can recover your investment faster.

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What to Watch Out For while looking for a used ATM?

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  • Outdated Technology: Older machines might not have features like EMV compliance or PCI compliance

  • Higher Maintenance Costs: Used ATMs may require repairs or updates sooner.

  • No Warranty: Most used machines are sold as-is, without any guarantees.

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Quick Tip: Always check for compliance with current ADA and EMV standards when buying used ATMs. Other factors like safe combinations, keys, and passwords can present expensive obstacles to getting a used ATM running.

If you find a used ATM for sale on eBay, Craigslist, 

What Makes Refurbished ATMs a Great Choice?

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Refurbished ATMs are carefully restored to meet manufacturer standards. They often include modern features and warranties, giving you the reliability of a new ATM at a fraction of the cost.

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Benefits of Refurbished ATMs

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  • Cost-Effective: You save up to 40% compared to buying new.

  • Updated Features: Refurbished ATMs often include EMV readers, NFC options, and updated software.

  • Warranties: Many refurbished machines come with 6-12 months of coverage.

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When available Refurbished ATMs can be a smart choice for your location.

New England ATM does a 25 point check on all refurbished ATMs.  We stand behind our certified refurbished machines with a 1 year warranty.

USED ATM

No Warranty

May lack features aor upgrades

Costs $1000-$1500

REFURBISHED

1 Year

100% Compliant 


Costs $1200-$1500

NEW ATM

3 Years

100% Compliant and new features

Costs $2250-$3000

Key Factors to Consider

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  1. Foot Traffic: Busy locations benefit from faster machines with advanced features.

  2. Budget: Determine how much you can afford to spend and weigh the ROI.

  3. Compliance: Ensure the machine meets current ADA and EMV regulations.

  4. Features: Do you need contactless payments, touchscreens, or multi-denomination dispensers?

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Quick Decision Guide

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  • Choose New: If you want the latest technology and minimal maintenance.

  • Choose Used: If you’re on a tight budget and don’t mind limited features.

  • Choose Refurbished: If you need modern features and reliability without breaking the bank.

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FAQs About Buying ATMs

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1. Are refurbished ATMs reliable?

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Yes! Certified refurbished ATMs undergo rigorous testing and updates to ensure they work like new.

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2. How much does ATM installation cost?

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Installation costs typically range between $200 and $500, depending on the location.

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3. Can I make money with an ATM?

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Absolutely. ATM surcharge fees generate steady revenue, especially in high-traffic areas.

 

Final Thoughts: Making the Right ATM Investment

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Choosing between new, used, and refurbished ATMs doesn’t have to be difficult. If you want a reliable, cost-effective solution with modern features, refurbished ATMs are often the best choice for most businesses.

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By understanding your business needs, budget, and location, you can confidently pick the perfect ATM to boost revenue and customer satisfaction.

 

Call to Action: Ready to invest in an ATM? Contact us today to find the best solution for your business!

Full Line of ATMs For Sale

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