Finance & Buyback Gym Fitness Equipment | RB Fitness
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RB Fitness Equipment offer a finance & buyback service.

The buyback service allows customers to raise capital for new equipment through selling back their old items. We accept all commercial equipment across CV, Strength, Freeweight & group ex equipment.

The Finance option we offer is equipment leasing


This comes with lots of benefits such as:

Minimal cash outlay

Overcoming of budgetary limitations

Avoidance of obsolescence

Flexibility in payment terms and equipment

Conservation of the business’ working capital

Preservation of existing funding lines

Tax benefits – each lease payment (including large deposits) can be offset fully against pre-tax profit

Fast Application Turnaround · 100% Financing

Our leasing option also comes with Tax relief

Lease Rental is 100% TAX Deductible

The main reason that companies lease rather than purchase equipment is that they use leasing as a method of reducing their tax bills.

This is because lease rental is 100% tax deductible, and all payments made for the equipment are written offagainst the company’s tax bill, for any profit-making business, this means a substantial saving in the actual cost of acquiring equipment by lease rental. This could mean a saving of between 20-40% of the lease payments, depending on the rate of tax you pay.

Payments on qualifying leases are written off as direct operating expenses, rather than a debt or outstanding liability, thus reducing short term taxable income. Any capital allowances are passed on to you, and lease payments can be offset against taxable profits. VAT can also be reclaimed on monthly payments.

This status as a ‘lease’ as opposed to a ‘liability’ on a company’s balance sheet is something the banks like to see, which is why an operating lease can be attractive. For this reason, leasing is often referred to as ‘off balance sheet’ financing – a tremendous advantage to both large and small businesses.

Ownership at the End of the Lease

Lease rental is just that, a rental or hire agreement. Title of the goods remains with the Lessor (either Kennet or assigned to a bank), which means the equipment does not show on the company’s balance sheet, therefore not needing to be depreciated over a fixed period. If Kennet broker the funding, they are the ‘third party’ involved within the lease agreements. In effect, Kennet buys the equipment from the funder and then sell it on to the customer. This means that the customer can take full advantage of all the benefits of leasing but still gets an option to own it at the end. (Tax loop-hole)

The Disadvantages of Buying Equipment Outright

The disadvantage to buying equipment out-right, is that the capital invested becomes a depreciating asset. This is an asset that’s value decreases over time. The total amount that assets have depreciated by during a reporting period is shown on the cashflow statement, and makes up part of the expenses shown on the income statement. The amount that assets have depreciated to by the end date is shown on the balance sheet.


You lease a machine that costs £5,000 + VAT, over a 5-year term. The monthly payments would be £176.75 + VAT or £40.79 per week over 60 months. Total paid over the term of the lease £6,363. 19% tax can be reclaimed on the total lease payments over the 5 years, so a total of £1,208.97. Therefore the net cost of the lease is: £6,363 – £1,208.97 = £5,154.03