Spread the cost of commercial gym equipment over 1 to 5 years. Competitive asset finance rates — pricing on application. Finance new or quality used equipment.
Learn how asset finance applies to gym equipment, and when a wider funding structure is needed for premises, fit-out or working capital.
How hire purchase and leasing work for commercial gym equipment.
Funding for launches, acquisitions, fit-out, premises and working capital.
A first-hand view of equipment investment, capacity and cash-flow decisions.
£2k - £8k per unit
Treadmills, rowers, bikes, cross-trainers, stair climbers. Commercial grade from Technogym, Life Fitness, Matrix, Precor. Finance individual machines or full cardio suites.
£5k - £30k
Power racks, squat stands, Olympic bars, dumbbells, weight plates, benches. Complete free weight areas from Rogue, Again Faster, Watson, Eleiko.
£3k - £25k
Functional rigs, assault bikes, ski ergs, sleds, battle ropes, plyometric boxes. CrossFit and HIIT setups from established brands.
£1.5k - £6k per unit
Plate loaded, pin loaded, cable machines. Leg press, lat pulldown, chest press, leg extension. Full circuit packages available.
£2k - £15k
Reformer Pilates machines, spin bikes, yoga equipment, barre setups, studio flooring and mirrors. Boutique studio fitouts.
£3k - £40k
Infrared saunas, ice baths, compression therapy, massage chairs, cryotherapy chambers. Premium recovery equipment for high-end facilities.
Equipment finance is straightforward. The equipment you are buying secures the loan. You spread the cost over 1 to 5 years with fixed monthly payments. The equipment pays for itself through new memberships and improved retention while you preserve cashflow.
Most equipment finance is structured as a hire purchase agreement. You own the equipment from day one (or technically own it after a final nominal payment). The lender holds a charge over the equipment until the agreement is paid off. If the business stops paying, they can repossess the equipment, which is why rates are competitive compared to unsecured lending.
Illustrative example only — your rate will vary. You want £40,000 of cardio equipment for your gym. On a 4-year asset finance agreement, monthly payments could typically fall in the £900–£1,100 range depending on the rate offered. Over the term the equipment generates new memberships and improves retention, paying for itself while you spread the cost. Your lender will confirm the exact rate and monthly figure.
Rates for equipment finance vary depending on your business profile, the equipment type, term length, and deposit amount — pricing is on application and confirmed by the lender. Terms from 12 months to 60 months are standard. Longer terms mean lower monthly payments but higher total interest. Shorter terms mean higher payments but you own the equipment outright faster.
| Factor | New Equipment | Used Equipment |
|---|---|---|
| Typical rates | 6% to 15% | 6% to 15% |
| Rate drivers | Your business profile, credit, term | Your business profile, credit, term, equipment age |
| Deposit required | Often 0% for strong profiles | Usually 10% to 20% |
| Finance term | Up to 5 years standard | Usually max 3 to 4 years |
| Warranty coverage | Full manufacturer warranty | Limited or no warranty |
| Lender appetite | High, most lenders accept | Moderate, fewer lenders |
| Total cost | Higher upfront, predictable | Lower upfront, more risk |
Used equipment can make sense if you are buying quality commercial grade kit with plenty of life left and the price saving is substantial. The interest rate itself is usually similar to new equipment finance. What differs is the deposit requirement, term length, and number of lenders willing to do the deal. Factor in the warranty risk too. Sometimes new equipment financed over a longer term costs similar monthly and gives you peace of mind.
Minimum 6 months trading for most lenders. Some will consider startups if there is a strong business plan, existing members, and the director has relevant experience or strong personal financials.
Lenders want to see commercial grade equipment from recognized brands. Consumer-grade kit or obscure suppliers raise red flags. The equipment needs to hold resale value if they ever need to repossess it.
Directors provide personal guarantees on equipment finance. Good to fair credit gets best rates. Adverse credit is workable if recent and explainable, but expect higher rates or deposits.
Lenders want to see the equipment makes commercial sense. Upgrading worn out kit, expanding capacity for growing membership, launching a new studio class. Clear ROI story helps.
Yes, most lenders will include reasonable installation and delivery costs in the finance amount. Just keep the total in line with the equipment value.
You still have to make the payments. This is why warranty coverage matters, especially on used equipment. Some lenders offer payment protection insurance but it adds cost.
Yes, but there may be early settlement fees. These are usually disclosed upfront and calculated as a percentage of remaining balance. Factor this in if you think you might refinance or sell the business.
Not always. For new equipment and strong business profiles, 100% finance is common. For used equipment or weaker credit profiles, 10% to 30% deposit is typical. Bigger deposits get better rates.
Some equipment lenders will include flooring and minor facility costs if bundled with equipment. For major refits, you need a different product. We can help with both.
Get quotes from multiple lenders. No obligation, straight answers. For wider launch and expansion needs, see gym finance.
LoanLogic founder Ben Arhin owns an independent gym and has bought equipment, negotiated with suppliers, and dealt with delivery delays and warranty claims. That first-hand experience informs what actually matters when choosing kit and how to structure finance that works with gym cashflow.
Our brokerage works with 70+ lenders including specialists who only do equipment finance. We compare rates and terms to find you the best deal, not just the easiest approval. And because lenders pay our commission, there is no cost to you for using a broker.
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