Here are four reasons to finance fitness equipment

Gym managers and owners want the best equipment possible for their members. Leisure equipment financing is an efficient, quick, and easy way to accomplish this goal. It will make your customers happy and also help your bottom line. Let's look at four reasons gym managers and owners prefer to finance equipment instead of buying it.

1: Newest Fitness Center Equipment Boosts Members Retention

Everyone wants the latest in today's world. Like right now. You may be behind your competition if you wait to buy fitness equipment at full cost. We make it easy to finance the latest fitness equipment at Zogics. To retain your members, you can concentrate on offering a premium experience in fitness. You can help your members achieve their goals for health and well-being without having to worry about outdated or broken equipment. It's great to exercise on new equipment. This will also help you maintain your facility.

2: The Best Fitness Equipment Attracts the Best New Members

You, as a gym manager or owner, know how important it is to attract new members. You can increase your membership by financing new equipment. Direct purchases can cost a lot of capital. However, leasing or financing can help you get a steady flow of equipment and machines. The new equipment is not only for members. It's also what potential members want. Everybody wants to exercise on the most advanced equipment. They will be able to reach their fitness goals more efficiently. New equipment financing also provides technology benefits that older equipment cannot match. Virtual boxing and competitive racing will take group exercise to the next level.

3: Manage your Gym's Assets and Cash Flow More Effectively

A predictable payment schedule is important when financing equipment for gyms or other fitness centers. Fixed monthly payments will enable your business to budget effectively and generate immediate income. You can also finance fitness equipment to allow you to manage it in the best way for your business. You can either recognize the equipment as if it were a purchase or a leased asset on your balance sheet. You can do what you want. Finance will give your business greater control over your profits.

4: Tax-Friendly Financing of Commercial Gym Equipment

Did you know that you can deduct the entire purchase price of leased fitness equipment? You can also deduct the full purchase price of fitness equipment, as well as write-offs and implied interest. We are not CPAs at Zogics. Please consult irs.gov and your accountant for more information.