Frequently Asked Questions

Fitness equipment leasing is a financing arrangement that allows you to use commercial gym equipment without purchasing it outright. Instead of paying the full purchase price upfront, you make regular monthly payments over an agreed period, typically 2-7 years. At the end of the lease term, you may have options to purchase the equipment, upgrade to newer models, or return the equipment.

This arrangement helps preserve your working capital, provides access to the latest equipment, and often includes maintenance and support services. Lease payments may also offer tax advantages as they can typically be treated as operating expenses.

Our comparison service begins with understanding your specific requirements, including the type of equipment needed, budget constraints, and preferred lease terms. We then analyse offers from multiple leasing providers in our network, comparing interest rates, payment structures, maintenance packages, and contract terms.

We present you with a comprehensive comparison report highlighting the most suitable options for your business. Our team provides guidance throughout the decision-making process and assists with the application and approval process once you've selected your preferred option.

Leasing offers several key advantages:

• Preserved cash flow: Lower upfront costs allow you to maintain working capital for other business needs
• Access to latest technology: Regular upgrade options ensure you always have current equipment
• Predictable costs: Fixed monthly payments aid in budgeting and financial planning
• Maintenance included: Many leases include servicing and repairs
• Tax benefits: Lease payments may be fully deductible as business expenses
• Flexibility: Easier to scale your equipment portfolio as your business grows

Almost all types of commercial fitness equipment can be leased, including:

• Cardio equipment: Treadmills, elliptical trainers, exercise bikes, rowing machines
• Strength equipment: Multi-station units, free weights, resistance machines, functional trainers
• Specialised equipment: Pilates reformers, physiotherapy equipment, rehabilitation devices
• Group fitness equipment: Audio-visual systems, flooring, mirrors, storage solutions
• Outdoor equipment: Playground fitness equipment, outdoor gym installations
• Technology: Fitness tracking systems, heart rate monitoring, virtual training platforms

Our comparison service is typically provided at no direct cost to our clients. We receive compensation from leasing providers when successful arrangements are made, which means there's no upfront fee for our comparison and advisory services.

For additional services such as extensive financial consultation or ongoing account management, any fees will be clearly discussed and agreed upon before work begins. We believe in transparent pricing and will always inform you of any costs before they are incurred.

To provide an accurate comparison, we typically need:

• Business information: Company details, type of fitness facility, years in operation
• Equipment requirements: Specific equipment needed, quantities, preferred brands or specifications
• Financial information: Approximate budget range, preferred lease term, cash flow considerations
• Timeline: When you need the equipment installed and operational
• Facility details: Location, space constraints, installation requirements

The more detailed information you provide, the more accurate and tailored our recommendations can be.

The approval timeline varies depending on several factors, but typically ranges from a few days to several weeks:

• Initial comparison: 1-3 business days to provide initial options
• Application processing: 3-10 business days for credit assessment and approval
• Documentation: 2-5 business days for contract preparation and signing
• Equipment delivery: 2-8 weeks depending on equipment availability and installation requirements

We work to expedite the process where possible and will keep you informed of progress at each stage.

Yes, start-up fitness businesses can often qualify for equipment leasing, though the requirements may be different from established businesses. Factors that leasing providers typically consider include:

• Business plan: A comprehensive plan showing market analysis and financial projections
• Personal credit history: The credit worthiness of business owners or guarantors
• Industry experience: Previous experience in the fitness or related industries
• Down payment: Some providers may require a larger initial payment for new businesses
• Personal guarantees: Owners may need to provide personal guarantees for the lease

We have experience working with start-ups and can help identify the most suitable leasing providers for new businesses.