Aloyd Fitness understands that it can sometimes be difficult to finance your home fitness equipment or new facilities and large upgrades. A variety of different options to finance our products are now available. Understanding the options and how they best fit with your business or personal needs can be a complex task - so we leave this work to the experts. Here at Aloyd Fitness we have affiliations with several different leasing and financing companies and have arranged tailor-made programs that address deposit requirements, interest rates, terms, and residual provisions - this service allows us to support you in making your equipment investment.
 More and more organizations are beginning to realize the benefits of leasing fitness equipment in recent years.Leasing is advantageous in many ways for both public and private institutions. This is especially true with regards to cardiovascular equipment in commercial and institutional applications. After years of sustained use, things start to break down despite the best maintenance practices. Replacing parts and keeping equipment up and running can become a costly and frustrating proposition – especially if your warranty has expired. The resale value of your equipment after 5 years or more of sustained use is not an economical option either. Leasing is a cost-effective alternative to equip your facility with new and modern equipment on a continued basis, while maintaining a consistent and positive cash flow... It enables your organization to grow within your own set budget.
Aloyd Fitness has coordinated a comprehensive lease program that includes a back end buyout option with 100% of resale proceeds being contributed to your next lease with Aloyd. Have a full year of lease payments paid for by the sale of your used equipment and keep your customers happy by introducing new equipment on a continual basis. New equipment is a proven key to member retention and new client adoption! In addition your equipment will always be under warranty protection saving you thousands of maintenance dollars over the years. Realize your budget’s maximum potential through efficient equipment recycling.
Your organization is assessed by our leasing company to ascertain a lending rate. Public and private institutions that have been in business for 5 years or more automatically qualify for tier one lending rates. If you don’t fall under these criteria or you are a start-up company, your lending rate is based on experience, past credit rating and personal net worth. You determine what your financial requirements are based on your equipment needs. Aloyd Fitness recommends that your lease period spans the manufacturers warranty on the equipment so all major repair costs are covered throughout the lease period. Commercial equipment typically has a three year warranty period. Upon termination of your lease you have the option of selling your equipment via our recycling program while it still has market value, or retaining it for future use.
Purchase of a treadmill valued at $7,000. For a tier 1 public institution lease candidate this would equate to a $250 payment per month for the 36 month lease. The value of this lease at the end of 36 months would be $9,000 or a $2,000 cost to your organization (keep in mind the time value of money and the fact that you held on to that money over the period as opposed to doling it all out at once – this cuts the financing total cost by at least half). At the end of the lease period you may have the option of keeping the equipment if you desire and it is yours to purchase for $1.00 as opposed to the fair market value that most leasing companies offer at the end of a lease period. You may either continue to use the equipment at this period of time or you may have Aloyd Fitness re-sell it for you to and award you a full credit in store towards your next purchase. On average this would be approximately $2,500 towards your next purchase. In other words you would save a substantial amount of money via this leasing program as opposed to a traditional purchase.
Purchase of a Sports Art treadmill valued at $7,000. For a tier 1 private institution lease candidate this would equate to a $250 payment per month for the 36 month lease. The value of this lease at the end of 36 months would be $9,000 or a $2,000 cost to your organization (keep in mind the time value of money) and the fact that you held on to that money over the period as opposed to doling it all out at once – this cuts the financing total cost by at least half). At the end of the lease period you may have the option of keeping the equipment if you desire and it is yours to purchase for 10% of the purchased value as opposed to the fair market value that most leasing companies offer at the end of a lease period. You will also take advantage of the tax advantages associated with leasing. You may either continue to use the equipment at this period of time or you may have Aloyd Fitness re-sell it for you to and award you a full credit in store credit towards your next purchase. On average this would be approximately $2,500 towards your next purchase. In other words you would save a substantial amount of money via this leasing program as opposed to a traditional purchase.
Aloyd Fitness is very careful when deciding upon companies we choose as our leasing providers. We have shopped around to find the best companies that can provide our customers with not only the best rates, but also the best back end buyout so you can take full advantage of our recycling program. |
