The major advantage of using external financing for your next equipment purchase is that it frees up your capital.
Finance interest rates have become very competitive over the past few years and there are some quite major tax advantages to using finance for your equipment.
At NRG we use a single supplier for finance. Jonathan Parker. Jonathan has access to a number of different lenders and will help you find the best solution. Some clients will use a mixture of the finance packages available to suit their own needs.
With this rental option you never actually own the equipment. Essentially you rent it for its useful life. This is ideal for equipment that requires regular updating like cardio equipment.
We have set up great deals for our clients that sees them getting new equipment every four or five years at essentially the same monthly payments.
At the end of the payment period we could simply roll in, pick up your old equipment and install now gear. We often tie in the warranty period with the payment period. This will give you absolute worry free use.
Lease to own
With this option you pay the equipment off over a period of time, at the end of which you own it.
If you have been in business for 2 or more years, then finance is generally available without any upfront deposit over any term between 12-60 months.
The options are relatively flexible and can be amended to suit your own circumstances.
This form of finance is ideal for the purchase of strength equipment that has a much longer useful life.