Fitness Equipment Source

9442 South 670 West

Sandy, UT 84070

USA

Website:

https://www.fitnessequipmentsource.com

Phone:(801) 568-3336

Toll Free:(800) 748-5125

Fax:(801) 565-0627

A Primer on Buying, Selling Used Fitness Equipment

Ready to buy or sell used fitness equipment? Find out what suppliers have to say about how they acquire used equipment, and what the pieces go through before being offered for sale again.

Meet the Experts: Spanning the Life of Equipment

Three experts discuss how long your equipment should last, how to maintain it and when to realize it's time for a change.

Buying Used

Getting familiar with industry terminology and practicing due diligence can help you to purchase fitness equipment at a low price and stay within budget.

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Ready to Sell That Old Treadmill?

When it comes time to sell your used equipment, one option for facility operators is to sell to equipment remanufacturers. But, before you go down that road, these tips will help you understand the buying process, what the remanufacturers are looking for and how the purchase price is determined.

What's Old Is New Again

Thinking of buying remanufactured equipment? Here's what you should know. That's why many fitness center owners purchase remanufactured equipment. With a savings of about 70 percent compared to the cost of new equipment, purchasing remanufactured equipment can free up funds for other parts of the facility. It can also allow fitness centers to replace older, favorite pieces that may not be manufactured anymore.If reworked properly, remanufactured equipment is as dependable and wears as well as the equipment was when new. Says Mark Clayton, president of Fitness Equipment Source, Concord, Ont., Canada, "Anyone can hang their shingle out and say they remanufacture equipment, but that doesn't mean they'll do it correctly. Those who don't do it legitimately give those who do a bad name." Fitness Equipment Source equips approximately five start-up fitness centers each month with flooring and strength and cardio equipment. It, and companies like it, canoutfit an entire fitness facility, or sell just a single piece of equipment. They can provide the equipment you want in the color and upholstery you request (even if the product did not originally come in that color), and they provide an extended warranty and service their products.Types of equipmentTotal remanufacture. This means stripping the machine down, sand blasting, powder finishing, testing all moving parts, etc. This saves buyers about 35 percent off of the price of new equipment. It gives a longer life to the equipment, and has the same warranty as when the equipment was new. The company also "zeros out" a treadmill's total mileage.Serviced. Serviced means that the machine was cleaned, had some minor touch-ups and is 100 percent operational. Customers get a three-month parts warranty, but it saves them 45 to 50 percent on the cost of the machine.It's important to note that while "serviced" may sound like you'll get a machine with a short lifespan, you may actually get a newer machine that just didn't need as much fixing up.Provided the product was remanufactured by a reputable company, the equipment should not look old. "The most expensive thing on a new piece of equipment such as a treadmill is the steel frame," says Clayton. But, the frame doesn't go bad, just the wear parts. Companies that really remanufacture equipment will take the entire piece apart, and get each component independently tested. If the piece doesn't meet or exceed the manufacturer's requirements as new, they replace it. They sandblast the frame and put the original type of coating back on it.Ask questions1. Does the company have a solid reputation, with dated references? You'll want to talk to people who have had a relationship with the company for many years, not just someone who bought one piece of equipment.3. Does the company use certified technicians? Consider ensuring that technicians are certified by equipment manufacturers.5. Will the company provide you with an owner's manual so you know when equipment service intervals are and what should be done at each?7. How long does it takes someone to answer the phone at the company? If you end up in an endless string of automated messages, you may be dealing with a company that will be difficult to contact after you purchase equipment and need help or have questions.Where does it come from?The same replacement strategy holds true for strength equipment. "The fitness manufacturers are using chrome colors now that you see on cars -- titanium and silver -- and people want that look," says Clayton. So, they purchase new pieces. But don't forget that remanufacturing companies can paint refurbished equipment in these newer colors.Those in the knowWhen buying a piece of equipment, Feldkamp tells her dealer what she wants, either the actual piece of equipment or the features for which she's looking. Most of her equipment is about two to three years old when she gets it, and members can't tell the difference.Much like the auto industry, your equipment depreciates about 20 percent when it enters your facility. So, it may make sense to consider remanufactured equipment for your next expansion or replacement. Provided you do your homework and choose a reputable company, you can be just as happy with refurbished equipment as you can with new equipment -- and still have money left over.

Fitness Equipment > Specialty Equipment > Equipment Services > Fitness Equipment, Refurbished

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