Blue Finance Ltd is our equipment leasing company supporting Blue Fitness Ltd.
Whist a separate entity, Blue Finance has mutual shareholders and works closely in partnership with Blue Fitness along with other leasing companies.
BlueFin can customise a package to suit your club which will often include integrating an extended warranty and ‘Operational lease’ of up to 5 years for Cardio, and ‘Lease to own’ for Strength.
Cardio equipment continues to develop, specifically in user interface along with phone technology, data speeds, data information, Aps, and online content. Cardio as a component is primarily the highest section of the equipment order. It requires the most preventative maintenance due to the usage and built-in technology, such an OPEX lease, off balance sheet and with a fixed monthly cost, this has proven to be the preferred option for a number of years now.
Strength Equipment in general has a longer lifespan and is less susceptible to technology changes so often a ‘lease to own’ option is best in this space.
In general Blue Finance will hold a security interest over the equipment only, and not a GSA with regards the business or any other personal assets