Friday, September 11, 2009

Fitness Equipment Leasing: The Basic Facts

By Tony Dana

If you are considering starting a fitness club you may want to consider fitness equipment leasing. Kitting your premises out with a variety of workout equipment can be a costly affair; by leasing the equipment you need you can save some money whilst ensuring that you have the best machines available for your customers.

It is normally the case that a new business will approach a bank for a business loan. Many people consider this to be the only available option. By trying fitness equipment leasing you can bypass having to ask the bank manager for that business loan. This way you can obtain the equipment that you want for your premises without having to compromise on quality or pay an inflated deposit. This method also means that you can pay affordable regular payments.

You may be worried about taking this opportunity if you have a poor credit score or think that you do not have enough money as an initial investment amount. In all likelihood, a leasing agent is far more likely to approve people in this situation than a bank manager would. Arranging a lease is straightforward, quick and can usually be done via the internet.

The equipment that is offered is usually vast and will include items such as weight benches, dumbbells, aquatic equipment, rowing machines, massage beds and a treadmill machine. Some providers offer much more, all for a very reasonable rate. The equipment will be state-of-the-art and will include the top names in the fitness equipment world.

It is possible to purchase a used commercial treadmill machine and other equipment, but you want to ensure that you have the safest and newest items for your new business. Equipment that comes from the vendors when you lease, normally comes with the original warranty when you take delivery of the new equipment. Leasing agents tend to have an agreement in place that is no less than 12 months and you can opt to pay the arrangement off early if you wish to. Another advantage of a lease is that you may find there is a reduction in the amount of tax you have to pay.

Many fitness equipment leasing agents will allow you to spend between $5,000 and $200,000 to make sure that your premises is fully operational. The application process can be as quick as 48 hours and you can request that the equipment comes from more than one vendor if you wish.

One point to remember is that the leasing agent may not let you cancel the lease and so it is best to make sure that you are able to make the regular payments for the set lease period. Also, the equipment such as the treadmill machine cannot be returned until the lease has expired.

If you are interested in finding out more about fitness equipment leasing, you will find there is plenty of information to be found on the internet. Most of the leasing agents and the vendors you need, will advertize on their own or affiliated websites. Take the time to research all of the companies carefully to choose the right one for your new venture.

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