Fitness Equipment Leasing
As obesity is on the rise, more and more people are joining some sort of fitness program or facility. Being an owner of such facilities, are you in the need of new fitness equipment? Or do you require used equipment? Would you like to conserve your capital, yet want your organization to grow by purchasing needed equipment? Then fitness equipment leasing is the answer.
Fitness Equipment Leasing is a sensible and profitable idea because fitness equipment can prove to be quite costly. Currently 35% of all fitness equipment is leased because with a leasing program you can procure the equipment you need as well as hold on to your money, as State of the art fitness equipment speaks for itself in order to attract customers.
The different type's fitness equipment that you can lease are: Aerobics Equipment, Commercial Steppers, Commercial Treadmills, Ellipticals, Exercise Benches, Free Weights, Universal Gyms, Exercise Mats, Nautilus Equipment, Steppers, Specialized Training Equipment, and much more.
There are a variety of lease programs:
Fair market value (FMV) leases: This program provides you with the lowest monthly payment scheme. And at the end of a FMV lease, you have three options: return the equipment; continue to lease the equipment under lease renewal or purchase equipment for the fair market value.
One Dollar Buy Out: This program is for those who plan to buy the equipment at the end of the lease term, but the monthly payment is higher then FMV.
10% Contract: In this contract, at the end of the lease term you are compelled to purchase the equipment for 10% of its original purchase price
The benefits of leasing are:
You can hold on to your money: By making the wise decision of leasing your fitness equipment, you are then free to use your money for more productive operational uses and business prospects.
Sales tax is deferred: Basically lease payments are cut from income generated by the business and the sales tax is deferred which is a big plus. You also get other tax benefits as well.
Payment is easier: Fitness equipment leasing requires no payments in advance, extended terms are available while equipment up gradation and addition is easily possible.
The process of leasing is very rapid: As the process of approval of a lease is done in a matter of hours, you get your fitness equipment without delay.
Replace old Equipment: Fitness equipment leasing enables you to replace outdated equipment with up to 100% financing including installation cost.