It’s very hard to come across cheap gym equipment that is of good quality.
Starting a fitness center is not a cheap venture and it requires money. You have to find the right kind of equipment at affordable prices and most of the time this seems almost impossible. Many at times when you eventually come across cheap gym equipment, it’s most likely worn out and almost useless or it needs several repairs. The good news is that there are plenty of places where you can find gym equipment at affordable prices.
Where To Find Cheap Gym Equipment
1. Online
The internet is a great place to start when looking for cheap gym equipment. You can find hundreds of deals on gym equipment if you are patient enough. Many online auction sites sell gym equipment at throwaway prices and you might just be lucky enough to find yourself slightly used equipment that is still in good condition.
You, however, have to be careful about purchasing equipment you haven’t seen. Gym equipment, especially if it is used, needs to be inspected personally to see if it is functioning properly, if it needs any repair or if it is worn out beyond repair.
2. Local Classifieds
You can check your local classifieds online or in your newspaper for cheap gym equipment. This is better than searching for it online because you can visit the seller and test the machine. You can also ask them a variety of questions such as how old the machine is, how often it was used, etc. Sometimes the seller could be selling it because they don’t need it anymore or it stopped working.
3. Gyms, High Schools Or Colleges
A gym, high school or college near you may be looking to upgrade their own equipment so they are selling their old one. Most of them sell the equipment at deeply discounted prices but they may have restrictions as to whom they sell it to. For instance, the gym may decide that they will only sell to gym members or the school may decide that they will sell their equipment to families and guardians of the students. The only way to know for sure is to ask.
You Can Still Get Cheap Gym Equipment Without Going To These Places
Another place that you can get cheap gym equipment is an equipment leasing company. Leasing gym equipment is the cheapest way to get state-of-the-art fitness equipment. These are some of the reasons why you should consider leasing your gym equipment:
- You will enjoy tax benefits according to Section 179 of the IRS tax code
- Your funds won’t be tied up in equipment so you will have plenty of cash to run other operations in your fitness center
- You can return the equipment at the end of your lease if you don’t want to continue using it or you can choose a buy-out option where ownership of the equipment is transferred to you
- You don’t need to make any upfront payments
- You can upgrade to better gym equipment and therefore improve your clients’ experience.
- Leasing offers you 100% financing.
Instead of spending many weeks or even months, looking for cheap gym equipment, you can easily lease it from your local leasing companies. More importantly, the leasing process is very short and easy and you can lease almost any type of fitness equipment.
You can lease anything from cardio equipment, free weights, resistance training equipment, mats, etc.
Getting approved for a lease takes approximately 24 hours. You don’t need to have a perfect credit score or collateral. All you need is a solid business plan and all the details about your business. Finding a fitness equipment leasing company is not hard because many manufacturers and sellers also lease their equipment.
Summary
Even though there are several places where you can get cheap gym equipment, there is no guarantee that you will get equipment that isn’t worn out. However, when you lease equipment, you can choose the best equipment and still pay a relatively cheaper price as compared to doing a direct purchase or taking out a loan to purchase it. Before you sign a lease agreement however, ensure that you have your lawyer or financial advisor go through it first to ensure there are no loopholes or provisions in the contract that may harm your business in future.
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