Hiring vs. Buying Gym Equipment – Which Option is Right for You?

Everyone has different needs that need to be considered when it comes to achieving their fitness goals. Deciding whether to hire or buy exercise equipment is another consideration that must be taken into account.

Just Fitness is a fitness equipment supplier that makes it easy to hire or buy gym equipment Australia wide. Below, we’ll take a look at the upsides and downsides involved with hiring and buying commercial gym or home gym equipment in Melbourne and beyond, helping you to make the right decision.

Upsides of Hiring Gym Equipment

Lower Upfront Cost

One of the biggest reasons to hire exercise equipment is the lower upfront cost. Although a deposit is often required upfront, hiring equipment can end up being cheaper than purchasing equipment depending on specific needs.

Flexibility to Upgrade

Some exercise equipment types eventually become outdated. Gyms and private customers that choose to hire equipment will be able to get the latest equipment on the market and enjoy all the modern features they have to offer.

Expenditures Covered

Most lease agreements include maintenance and repair services. This means that customers won’t have to pay for these services themselves, as the equipment will remain the property of the leaser, and it will be their responsibility to fix any issues on behalf of the leasee.

Downsides of Hiring Gym Equipment

Lack of Ownership

Unless a lease includes the option to purchase the equipment for a reduced price when the lease ends, the leasee will need to return it to the leasing company when the contract period finishes.

Contractual Obligations

Leasing contracts are often inflexible. If a leasee wishes to end their leasing period early or rent other equipment instead, they may incur fees as outlined in their contract with the leaser.

Upsides of Buying Gym Equipment

Ownership of Equipment

Any gym equipment that’s purchased belongs to the user, which means they won’t have to pay any leasing fees and can keep it for as long as they want. The equipment is also an asset they can leverage if they wish to sell it in the future.

Financially Beneficial

Anyone wanting to use exercise equipment over the long term can save money by buying gym equipment in Melbourne or Australia rather than hiring it. Despite the higher initial cost, buying can be much more cost-effective than leasing over time due to there being no ongoing costs.

Downsides of Buying Gym Equipment

High Upfront Costs

Fitness equipment can be a big financial investment, and purchasing equipment can be financially challenging for some people. This may require them to take out a loan to cover the cost.

Maintenance & Repair Costs

When a person owns fitness equipment, they’re responsible for all maintenance and repair costs. If the equipment stops working properly, the cost of repair may be high depending on the equipment type.

Obsolescence

New fitness equipment is constantly being put on the market, making it easy for older equipment to become obsolete. Both homeowners and commercial gyms that purchase equipment could be left stuck with out-of-date equipment for a long time if it’s not feasible to regularly buy new equipment.

Learn More Today with Just Fitness

Just Fitness offers both private customers and commercial gyms a simple and convenient way to hire or buy gym equipment Australia wide. Call us on 1300 212 222 or enquire online to learn more about our rental and buying options and which might be best for you.