Extended Warranty Protection

Equipment manufacturers are now offering extended warranties, which help protect against unforeseen repair expenses.

One of the largest expenses incurred among new fitness centers involves fitness equipment purchases. Unfortunately, this initial equipment expense is not the only concern with regard to budgetary considerations. Along with the initial purchase price, the total cost of equipment must also be considered in terms of its lifespan. This total cost is a combination of initial purchase price and the sum of maintenance, power requirements (mainly with treadmills), repair and down time for the life of the equipment. Although equipment warranties may protect your investment initially, they are usually much shorter in duration than the average lifespan of the equipment. In addition, because equipment warranties are not standard throughout the industry - and while some may cover wear and tear, others may not - it is difficult to place a set value on the total cost. Fortunately, equipment manufacturers are now offering extended warranties, which help protect against unforeseen repair expenses.

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