WHAT IS THE TERM OF AN AVERAGE LEASE?
Terms range from 12 months to 60 months. We can extend to 84 months on certain equipment.

WHAT ARE OUR CREDIT QUALIFICATIONS?
The business must maintain a satisfactory payment history with its suppliers. We work with all levels of credit worthiness. The rates adjust according to your credit rating, in addition to many other factors. We review the personal credit of the business owner(s) and take into consideration the credit history, in combination with other factors in our approval process.

DOES ALL EQUIPMENT HAVE TO COME FROM THE SAME VENDOR?
No, you may get equipment from multiple vendors.

WHO WARRANTIES/LICENSING FOR THE EQUIPMENT?
The warranties and/or licensing offered by the manufacturer are passed on to you.

CAN I DEFER OR SKIP PAYMENTS?
Yes, we offer deferred and skip payments for your convenience. To qualify for this, we must establish this during the beginning of your lease with us.

WHAT ARE OUR INTEREST RATES?
The nature of a Lease Agreement different than a conventional loan. As such, there is no stated APR on a lease.

CAN I LEASE EQUIPMENT THAT IS ALREADY OWNED OR REFINANCE EQUIPMENT CURRENTLY WITH ANOTHER LEASING COMPANY?
Yes, we can write you a check for equipment that you already own if it was purchased within the past 120 days of your approved application. You may also lease equipment already on lease with another company to achieve a longer lease term.

ARE OUR LEASES TRANSFERABLE?
Yes, as long as the new lessee's credit qualifies and their application is approved.

WHEN DO MY PAYMENTS START?
In most cases we collect the 1st and last payment at lease signing, your next payment will be approximately 30 days after the equipment has been delivered.

CAN I RETURN THE EQUIPMENT AND STOP MY PAYMENTS?
No, the lease is non-cancelable. You may return the equipment after all payments have been made or may get a discount for paying off your equipment purchase early.

HOW LONG DOES THE LEASING PROCESS TAKE?
The application and credit approval process takes between 24 and 48 hours for applications up to $200,000.

HOW DO I GET MY APPLICATION PROCESS STARTED?
Simply complete our online lease application or download the pdf to print and fax or mail it to us. click here

Sell more of your equipment with our Vendor Programs. As a Direct Lender, we have he power to say "yes". Fitness Leasing provides financing for both Established and New Businesses. Our programs are risk based so we simply offer more approvals. More...