Sunday, September 27, 2009

Reasons to Try Fitness Equipment Leasing

By Tony Dana

If you are staring a new business such as a gym or a health & fitness club, you may want to take a look at the fitness equipment leasing option. Starting up these types of businesses can be expensive and you need to watch what you are spending. Due to the fact that you can lease various equipment, you will be able to save some of your capital but still ensure that you are providing the very best products for your own members.

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 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.

There is normally a huge variety of equipment pieces to choose from and items such as weight benches, massage beds, hydrotherapy tubs and a treadmill machine, are all common purchases. You may find that there are many more pieces besides and all charged at a very affordable rate. The kit that you can get from the vendors is ordinarily new or nearly new; many top brands and models will be available for you to have for your club or gym.

You could opt for used commercial items such as a treadmill machine, but essentially, you want to provide the best for your club members. Many of the lenders will offer new equipment that comes with a warranty, which is passed onto you when you lease the machines. The average term of a lease is twelve months and in most cases you can pay the lease off early if you wish. Also choosing this option may mean that you get a deduction on tax.

The amount that you can borrow when considering fitness equipment leasing can be as little as $5,000 and as much as $200,000. Applications are generally processed within 2 days and it is possible that you can obtain the equipment from more than one vendor.

The main disadvantage of this kind of arrangement is that the lease cannot be cancelled in any way. If you have the lease for 12 months, then you have to keep the treadmill machine and other equipment for that whole 12 month period.

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. - 16887

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