Monday, September 21, 2009

New Fitness Venture? Try Fitness Equipment Leasing

By Tony Dana

If you are thinking of opening up a gym or a fitness club, you may want to look into the world of fitness equipment leasing. Beginning any new business venture can be costly and you need to tighten your purse strings. Taking advantage of the fact that you can lease various machines, means that you can save some of your cash whilst still ensuring that you provide a good range of quality products for your clients to use.

Many people take the route of requesting a large bank loan to get their business up and running. They think that this is the only way to ensure that they can buy quality equipment. Taking the route of fitness equipment leasing means that you can avoid having to ask for that loan. You will get the quality equipment you want, but are less likely to have to pay a huge deposit. You will also be paying regular and affordable monthly 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.

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.

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.

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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