Wednesday, September 23, 2009

Fitness Equipment Leasing: Get Off to a Flying Start

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.

The range of products that you can choose from is normally quite large and will include items such as a treadmill machine, weight benches, exercise bikes and hydrotherapy tubs. Many service providers will be able to offer a substantial amount of products, all for a fixed rate each month. Top brands and the latest lines of equipment and models are readily available.

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.

The value of an arrangement for fitness equipment leasing can vary depending on your needs. You could lease for a minimum amount of $5,000. Some agents will also have a maximum value of $200,000. If you submit an application form, it is normally approved within 2 days; some providers will also let you get the equipment from multiple vendors.

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.

To find out more information about fitness equipment leasing options and agents, you can do a quick search on the internet. A wealth of leasing agents and vendors have their own websites set up for you to contact them and apply directly. Take the time to find the right agent for you; then you can start your business venture as you mean to go on.

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