The purpose of rental finance is to put you in control at the end of the agreement.
Our aim is to provide you the customer, with the ultimate in flexible options at the end of the agreement.
At the end of the rental term, there are four options.
- Own the equipment outright:
- In this instance the customer makes two further rental payments of the normal monthly amount and title passes to the customer.
- Exchange the old equipment for new equipment and continue with the rental.
- Continue with the existing rental at a lower monthly amount.
- Hand back the equipment.
Continued affordable investment.
For most gym owners, investment in new equipment is a process of gradual phased improvement in the overall offering of the gym.
The aim is to continuously add/replace equipment to ensure you retain happy members and stay ahead of your competitors.
In the case study below the customer has undertaken a rolling programme of equipment renewal, set within the limits of an affordable monthly payment, over a 5 year period.
As each rental has come to an end more equipment has been replaced.
Changes Health and Fitness | Independent Gym | Oxford
2500 square feet industrial unit.
25 piece cardio suite including 10 spinning cycles
14 piece fixed resistance strength stations
Full freeweight offering.
Rental 1: Two new treadmills.
Rental 2: 3 Upright Bikes + 2 Recumbents
Rental 3: 10 spin bikes (additional rental new income generator).
Rental 4: 2 x Concept rower + 2 x Cross Trainer