Leasing is becoming increasingly important in the fitness industry, as it offers numerous advantages for both gym operators and fitness equipment providers. But leasing fitness equipment can also be worthwhile for private individuals.
Leasing makes it possible to use high-quality fitness equipment without high acquisition costs. The most important reason for leasing is therefore to protect your own capital. The cost of buying new equipment can be very high, especially when purchasing a new strength circuit or a fleet of fitness equipment. A leasing contract involves regular, usually monthly payments. During this time, the equipment is used - the installments are virtually self-financing thanks to the income generated by using the fitness equipment.
As there are a few points to bear in mind when leasing fitness equipment, we have summarized the most important advantages for you below and compiled a checklist of the most important things you should consider.
Advantages of leasing for gyms:
Cost efficiency: leasing allows gyms to preserve their liquidity, as the acquisition costs for equipment are spread over monthly leasing installments. This makes budget planning easier and avoids high initial investments.
Flexibility and up-to-dateness: Leasing contracts often have a term of 2 to 5 years, which enables gyms to regularly keep up to date with the latest technology. At the end of the leasing contract, the equipment can be replaced with the latest models, which ensures a competitive advantage.
Maintenance and service: Many leasing contracts include maintenance and repair services. This reduces downtime and ensures that equipment is always in perfect working order, increasing customer satisfaction.
Balance sheet benefits: Leasing installments are usually booked as operating expenses, which brings tax advantages. In contrast to purchase investments, the equipment does not remain on the balance sheet as fixed assets, which improves the equity ratio.
Advantages of leasing for manufacturers and providers of fitness equipment:
Market penetration: Leasing models can boost sales of fitness equipment, as studios and fitness centers are often reluctant to spend large sums on new equipment. Leasing offers make it easier to integrate new technologies and products.
Long-term customer loyalty: Leasing agreements allow providers to build a long-term business relationship with studios. Regular maintenance and the ability to update equipment strengthens customer loyalty.
Simple processing: Leasing contracts are often easier to process than loans or financing models. The providers often take care of the entire process, including credit checks and contract management, which minimizes the administrative effort for the studios.
Advantages of leasing for private individuals:
Leasing fitness equipment can also be an attractive option for private individuals, especially if they want high-quality or specialized fitness equipment for home use. Here are some of the benefits of leasing fitness equipment for individuals:
Reduced upfront costs: similar to businesses, leasing gives individuals access to expensive equipment without the need for a high upfront cost right away. This makes advanced technology accessible to more people.
Maintenance and repair: Many leasing contracts include maintenance and repair services. This relieves users of additional worries about equipment maintenance and ensures constant availability in good condition.
Tax advantages: In some countries, leasing installments can be claimed for tax purposes if they can be proven to be part of preventive healthcare, for example.
Test option before purchase: Leasing allows users to test a device over a longer period of time before deciding to purchase it. This minimizes the risk of a bad investment.
Avoidance of depreciation: As fitness equipment can quickly lose value, leasing makes it possible to avoid this risk. At the end of the leasing period, you simply return the equipment.
Tailor-made contracts: Many leasing deals are flexible and can be tailored to the individual's specific needs and preferences.
These benefits make fitness equipment leasing a practical option for many individuals who want to improve their physical fitness without having to commit to expensive and potentially outdated equipment in the long term.
What should I consider when leasing fitness equipment?
- Find out whether you can take over the equipment at the end of the leasing period at the residual value so that you become the owner of the equipment. This is particularly important if you want to lease the equipment over a longer period of time.
- Carefully calculate how much you can afford and how profitable the monthly leasing installments will be for you.
- Ask your leasing partner about individual solutions for guarantee or warranty cases.
- Most leasing contracts provide you with additional services. Pay attention to which services are offered, which of these services make sense for you and coordinate this with your leasing partner.
Financing fitness equipment for private individuals
How can fitnessmarkt.de help you?
Whether it's strength or endurance equipment, physiotherapy or beauty equipment: at fitnessmarkt.de you can get high-quality equipment for every budget. We are happy to advise you and are by your side every step of the way. Simply send us an email at service@fitnessmarkt.de, write to us on WhatsApp at 0177 9070040 or call us free of charge on 0800 1000 305.
Thanks to our cooperation with the leasing providers smava for private individuals and abcfinance for businesses, we guarantee you a smooth purchase process. Let us make you a suitable leasing offer - tailored to your individual needs, of course.
Get your individual leasing offer here!
Editorial team fitnessmarkt.de
Image credit: #168609753 stock.adobe.com
Published on: 26 June 2024