The most important value factor is the Manufacture’s brand and the model. If you purchased the Cybex cordless total Body ARC trainers three years ago you retain much of the value because of popularity and demand. This machine has proven itself to hold up well under heavy use and maintenance and repairs are minimal. And it is very popular among gym members. But if you purchased the Star Trac elliptical crosstrainer ELITE model 6230 then you have lost 95% of its value. Because it is a maintenance nightmare and does not have very high member demand. So the first thing an appraisal establishes is brand and model. Does the Fitness center have TRUE brand treadmills or Life Fitness brand treadmills? This makes a big difference.
Current physical condition is also an important factor. If the fitness equipment has been beat up by members, rusty from sweat and in need of repairs then it has lost a good portion of its value. The cosmetic condition is determined by the video and photos provided.
How well the manufacture supports repair parts of the equipment being appraised is important. Years ago Cybex was the worst at this. They would make it so difficult and expensive to get replacement parts to keep their gym machines in good condition that it made their brand a bad buy. Today Cybex has figured it out and does a better job of supporting their used machines out in the field. Now today, 2011, MATRIX brand cardio is a bad buy for this reason. If you have MATRIX cardio machines you have lost a big portion of the value. Now if you own Life Fitness cardio then you retain a big part of the value because getting repair parts is the cheapest and easiest of any professional gym brand today.
Color can be a neutral factor or really make it worthless. So before you buy purple frame machines with yellow arm movements consider the re-sell value. White and platinum metal are the 2 colors that hold the most value.
Age matters, but only because older machines have an outdated look and function. And it’s too hard to get parts to do repairs. The difference between 3 year old equipment and 5 years old only matters based on brand, model and cosmetic condition. I have given more value to 5 year old machines than 3 years old.
Present market conditions can make a difference on value. From 2008 to 2010 I noticed many gyms had gone out of business. This dumped a lot of good condition, newer model gym equipment on the market. So this depressed values for used fitness equipment. This in turn lowered the value of the used equipment inside a fitness center that was up for sale to a new owner.
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