Financing & Leasing

Consumer Gym Equipment Financing

No Interest Financing Available through Synchrony Financial

Depending on the type of purchase you are making, your purchase may be eligible for 6 month, 9 month, 12 month, or even 18 month no interest financing plans. Please note that the 12 and 18 month plans may not apply to some sale items.

The no interest financing plans can be applied for on purchases of $699 or more. Interest will be charged to your account from the purchase date if the promotional purchase is not paid in full within the terms of your agreement or if you make a late payment. All plans have a minimum monthly payment requirement.

To find out more about our special financing options, please call or visit our store location. To protect all of our valuable customers from fraud, all financed purchases must be completed and signed in person (by the person who was approved for financing) in our store.

Commercial Equipment Leasing

Charleston Fitness Equipment partners with a number of leasing companies to ensure we can get you the best rates and best programs for your business.

Why Lease?

Eight out of ten companies lease some or all of their equipment, according to industry research. Why do they lease? Because the flexibility provided by leasing allows them to have the most effective operation possible. Companies that lease tend to be the most entrepreneurial and competitive. Why should you consider leasing?

Leasing is Flexible

With leasing, you are able to customize a program to address your needs and requirements – cash flow, budget, transaction structure, cyclical fluctuations, etc. For example, some leases allow you to miss one or more payments without a penalty, an important feature for seasonal businesses.

100% Financing

There is very little money down with leasing – typically the first and last month’s payment are due at the time of lease signing. Since a lease does not require a down payment, it is equivalent to 100% financing.

Leasing is Fast & Convenient

Leasing allows you to add equipment or upgrade equipment under similar terms. Leasing can also allow you to respond quickly to new opportunities with minimal documentation. Credit decisions are usually made same day.

Tax Benefits

The IRS does not consider an operating lease to be a purchase, but rather a tax-deductible overhead expense. Therefore, you can deduct the lease payments from your business income. Also, because lease payments are treated as expenses on a company’s income statement, equipment does not have to be depreciated over five to seven years.

Improves Cash Flow

Lease payments are historically lower than loan payments, hence conserving cash for other uses. Also, by leasing equipment you know the amount and number of lease payments over the life of the leasing period, so you can accurately forecast cash requirements for your equipment.

Balance Sheet Management

Because an operating lease is not considered a long-term debt or liability, it does not appear as debt on your balance sheet, thus making you more attractive to traditional lenders when you need them.

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