If you are planning to venture into the fitness industry or add more units to your chain of health clubs, you can make a smart business move by opting for gym equipment leasing rather than purchasing the same. You can save a considerable amount on your start-up capital and enjoy the multiple benefits that such a leasing contract offers such as free maintenance, labor and parts warranty and insurance. There are various types of gym equipment leasing programs that you can opt for depending on your intention to renew or discontinue the agreement once its term comes to an end.

FMV lease program

FMV lease programs or fair market value agreements are the best bet for an entrepreneur who is looking to spread out his or her operating cost. As per this contact, you will be required to make the lowest possible payment on a monthly basis and are given the option to buy the equipment at a fair market value at the end of the lease.

Advantages of this lease program

Such an arrangement allows you to write off your entire payment as an operating expense and enjoy tax benefits too. To add to it, there is no need of making a down payment for the equipment. However, it is highly recommended that you consult your accountant about the same before signing on the dotted line. Along with the option of purchasing the equipment, you also get the choice to return the equipment or continue with the lease for another term as per this lease contract.

To sum up

Whether you need cheap weight lifting equipment for your home gym or the latest range of cardio and strength training equipment for your international health centre, you can get it all on lease from a reputed company specializing in this domain of rental business.