GRENKE Finance Flexible Gym Equipment Leasing — Available Through 24/7 Gym Equipment

With a GRENKE lease, GRENKE purchases the equipment and you pay fixed instalments over an agreed term to use it. Unlike buying outright, you do not pay the full purchase price upfront — instead, your payments cover the cost of the equipment over the lease period (full amortisation). At the end of the term, you can return the equipment and upgrade, purchase it at current market value, or extend the lease. Leasing can also improve your balance sheet ratios and may offer tax advantages compared to outright purchase — speak to your accountant for specific advice.

GRENKE leasing is available for equipment with a net purchase price of $500 or more. This means even a single attachment, accessory, or smaller piece of equipment can be financed — it does not need to be a large purchase to qualify.

GRENKE's standard lease terms are 24, 36, or 48 months. Other terms may be available depending on your situation. Contact our team to discuss what works best for your budget and equipment needs.

By default, GRENKE collects instalments quarterly in advance — on 1 January, 1 April, 1 July, and 1 October each year. This approach includes a 1.5% saving compared to monthly collection. Monthly collection is available on request, though it does not qualify for the quarterly discount, so your instalments would be approximately 1.5% higher. Your lease term begins on the first day of the calendar quarter (or month if paying monthly) following the day you receive the equipment. A daily utilisation fee applies for the period between delivery and the official start of your lease term.

At the end of your basic lease term, you have three options: return the equipment and lease new gear; request a purchase offer to buy the asset at its current market value; or extend your lease and continue using the same equipment. GRENKE will not make that decision for you — you retain full flexibility at the end of the term.

Yes. GRENKE offers eSignature for all lease contracts. You can sign securely from any tablet, smartphone, or PC with internet access. No printing, scanning, or physical paperwork is required. The digital signature is legally binding and meets all applicable requirements.

All dealer and manufacturer warranty entitlements are transferred directly to you as the lessee. If equipment develops a fault or requires a warranty claim, you deal directly with 24/7 Gym Equipment or the manufacturer — there is no need to go through GRENKE. This keeps the process simple and fast.

Yes. Insurance is mandatory for all assets under a GRENKE lease. If you have your own technical insurance that covers the equipment, you can use that. If you do not, GRENKE can include your asset in their affordable master insurance policy — the fee is charged annually and is based on the purchase price of the asset.

Yes. GRENKE Finance is a business-to-business leasing product and an ABN is required. This includes sole traders, personal trainers, and home gym users purchasing through a registered ABN. If you do not have an ABN, contact our team about alternative finance options such as Afterpay, Zip, or Humm for eligible purchases.

Yes, early termination is possible. However, because GRENKE leases are full-amortisation contracts — meaning the payments are structured to fully cover the cost of the equipment — early termination requires full amortisation to have been achieved at the point of exit. Our team can discuss this with you if your circumstances change.

Yes. Simply contact our team with your equipment list and we will prepare and submit the GRENKE application on your behalf. You can reach us by phone on 1300 247 888, via WhatsApp on +61 412 029 000, or by email at sales@247gymequipment.com.au. We are available Monday to Friday, 9am to 5pm.

A GRENKE Master Lease Agreement (MLA) is worthwhile if you plan to purchase at least $25,000 in equipment over the next 12 months. It allows you to complete just one credit assessment, after which all individual contracts under the agreement are processed on preferential terms — even down to a $500 purchase. It is particularly useful for commercial gym operators, multi-site businesses, or anyone doing a staged fitout. There is no commitment fee — you only pay for equipment you actually lease. Ask our team if an MLA could work for your situation.

GRENKE provides a dedicated customer portal called myGRENKE at my.grenke.com. You can use it to view and manage all your lease contracts, access digital invoices that meet statutory requirements for input tax purposes, and keep track of your payment schedule and lease terms — all online and at any time.

You can finance any equipment available from 24/7 Gym Equipment through GRENKE, including commercial strength machines, functional trainers, cable machines, power racks, Smith machines, cardio equipment such as treadmills, assault bikes, and rowers, gym flooring, free weights, and accessories. GRENKE specifically lists gym equipment as one of their supported asset categories. If you are unsure whether a specific item qualifies, contact our team and we will confirm.