Are you planning to open your own gym or expand your existing business? What you need now is the right fitness equipment and suitable financing for it. We'll tell you what options there are for you as a business owner when it comes to financing fitness equipment.
What are suitable financing options for tradespeople?
Financing fitness equipment is at least as important as choosing the right fitness equipment. In general, there are various options available to you when it comes to financing equipment. However, the following four options are the most common: Equity, share capital, leasing and credit.
Regardless of whether you are starting a new gym, expanding an existing gym or just replacing some equipment. One of the financing options is sure to be right for you and your business.
Leasing fitness equipment - when and for whom is it worthwhile?
1. equity
If you finance all fitness equipment from equity, this gives you a strong negotiating position when it comes to price negotiations. The disadvantage is that you are using valuable capital that you could be missing elsewhere. You should retain your liquid funds for larger ongoing projects such as the construction or expansion of your gym.
2. share capital
In addition to your own liquid funds, as a business owner you have the option of financing fitness equipment with the help of investor funds. Similar to financing fitness equipment with equity, this gives you a good negotiating position. One disadvantage, however, is that equity capital is usually considerably more expensive than a bank loan, for example.
3. leasing
As a business owner, you also have the option of financing your fitness equipment through leasing. In concrete terms, this means that you rent a specific piece of equipment for a monthly leasing rate. When you return the fitness equipment, there are no further costs. If you want to buy it after a while, the payments made so far are often offset against the purchase price.
4. credit
A good alternative to self-financing is to take out a bank loan. This can be flexibly adapted to your personal situation. You will also have the fitness equipment you want immediately without having to tap into your liquid assets.
Other advantages of financing with a loan:
- Fast, unbureaucratic processing
- Flexible terms and installments
- planning security
How can fitnessmarkt.de help you?
Whether strength or endurance equipment, physiotherapy or beauty equipment: at fitnessmarkt.de you can get high-quality equipment for every budget. We support you from the selection of equipment to transportation, financing and purchase processing.
Are you a business owner and thinking about financing new or used fitness equipment? Thanks to our cooperation with the leasing provider finyo, we can guarantee you a smooth purchase process. Simply enter the required data and we will send you a suitable leasing offer. Tailored to your individual needs, of course.
Conclusion: Financing fitness equipment for tradespeople
If you want to buy new or used fitness equipment as a business, you have various options for financing:
- Equity capital
- Share capital
- leasing
- credit
Depending on your requirements, you can choose one of the four options. We at fitnessmarkt.de will be happy to guide you through the purchase process and help you to make a smooth purchase.
Get your personalized leasing offer now!
Editorial team fitnessmarkt.de (JM)
Picture credits: #172320801 stock.adobe.com
Published on: 14 May 2019