Exercise Equipment LeasingPosted on April 2nd, 2008 by Ruel Hinaloc
Exercise equipment is a depreciating as well as expensive equipment. Hence, exercise equipment leasing is regarded as one of the best options for those who want to set a home gym or commercial gym, but cannot afford the high cost of exercise equipments. With this type of leasing, the user is not stuck with old or obsolete equipments. Leasing allows easy access to specialized as well as sophisticated technology without any significant cash outlay. It also offers flexibility to upgrade facilities, apart from benefits like 100% financing and cash flow enhancement. The other benefit of exercise equipment leasing is tax benefits. A variety of lease programs are available for exercise equipments, like fair market value leases, one dollar buy out, and 10% contract. Fair market value provides three options for the buyers at the end of the lease - return the equipment, renew the lease contract, or buy equipment for the fair market value. A scheme in which users are given the option to purchase the equipment at the end of the lease is “one-dollar buy-out”. However, in this case, monthly payments are higher than that of the FMV. When 10% contract is chosen, users can purchase the equipment for 10% of its original cost.
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