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The following article was published in our article directory on October 24, 2011.
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The Benefits of Leasing Fitness Equipment

Article Category: Business Management

Author Name: Tom Cordova

Whether you want gym equipment for personal or commercial purposes, leasing fitness equipment can defray high initial start-up expenses, making the cost more affordable. In addition, you may also have the option to buy the equipment for the prevailing market value at the end of the contract. Leasing also makes it easier for you to upgrade your equipment as necessary, since you can simply lease new equipment once the contract lapses. And the terms of the contract may also be adjustable, providing you with lower monthly payments.

There is a variety of gym equipment that is available for leasing, ranging from cardiovascular exercise equipment to strength training. Cardiovascular equipment includes treadmills, stationary bikes and stair trainers, which are designed to develop a healthy cardiovascular system and may also include monitoring features such as heart rate and blood pressure as well as customization features to tailor your workout to your particular fitness level. Strength training equipment includes weight machines and resistance equipment such as chin-up bars and crunch machines and is designed to complement cardiovascular exercises by building strength.

There is a wide range of benefits that you can get from leasing fitness equipment, including lower upfront costs, as most lease companies don t require the leaser to provide a down payment. Fixed monthly costs that allow you to budget your expenses more effectively and simpler upgrading of equipment as you have no old inventory to dispose of before you can buy new equipment. In addition, you may be able to save money on your taxes when you rent gym equipment as your lease expenses may be classified as tax-deductible.

When leasing fitness equipment, the first step is for you is to make a list of your gym equipment requirements so that you can find a leasing company that can meet them. Then decide what type of lease contract that you want to enter into. For example, you can enter into a fair market value contract that provides you with a range of options at the end of the contract, including the right to buy, lease termination and equipment return or lease extension.

On the other hand, there are also $1 buy-out lease contracts that have higher monthly payments than other lease contracts but will allow you to buy the equipment at the end of the lease term for one dollar. Also consider the length of the contract; a longer contract will offer you lower monthly payments but give you less flexibility when you want to upgrade equipment. However, a shorter contract may cost you more in the short term but allow you to more easily enter into new contracts.

For convenience s sake, you might want to lease gym equipment from companies that offer lease packages. These packages offer various types of equipment that can be leased under a single contract and will supply you with everything that you need for a small commercial gym or home gym. They may also cost you less than if you were leasing fitness equipment under different contacts or from different companies.

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