Tuesday, August 18, 2009

Fitness Equipment Leasing: Get Off to a Flying Start

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.

Normally when you start up a new business, you require a huge bank loan to get your started, certainly in terms of making sure that you have enough equipment for customer use. By using fitness leasing equipment options, you can take the hassle out of getting that vast bank loan. Most providers will not ask for a down payment and so you are left to make affordable monthly repayments instead.

You may think that you cannot make use of this option if you have a bad credit rating or you surmise that you do not have enough money to benefit from this method. In fact, many of the leasing agents will still take your business in these circumstances and will readily ask you to apply. Filling in the necessary forms can be done speedily and easily on 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.

There is the option of buying commercial items such as a treadmill machine that have already been used. This is possible, but don't you want to provide the best and newest equipment for your clients? Agents that lease these machines will pass any valid warranty for the item onto you as part of the leasing agreement. Generally, leases of a period of no less than 12 months are given and penalties are not applicable should you wish to pay the lease off earlier than planned. Choosing this option over a bank loan may also mean that you qualify for tax deductions.

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.

You will find much more information about fitness leasing equipment on the World Wide Web. Many of the vendors and agents that deal with this type of business have their own websites. This way you can browse the organizations to find the best deal for you as a new business.

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