How to Finance Your Home Gym

How to Finance Your Home GymGetting into shape is an admirable goal but going to your local gym can be stressful and time-consuming. From the drive to get to the gym to the crowds inside the facility, you may find yourself making excuses not to go just to avoid the hassle. If this sounds like you, a home gym can be a great alternative, making it easy to fit in workouts whenever is convenient for you. Here's what you need to know about financing your new home gym. 

Benefits of Investing in a Home Gym 

If the high price tags of some of the items you want for your home gym intimidate you, there is no need to worry. While the cost may seem high upfront, you'll likely end up saving a lot of money over the years, and your home gym equipment will probably get more use than your gym membership anyway. When the equipment you need is right at your fingertips with no travel time or other hassles to worry about, it is much easier to stay committed to your fitness goals, and that is something that you can't put a price tag on. 

Think about it this way: you'll be paying a monthly fee for your gym membership, regardless of whether or not you actually go. Even at a budget gym with a monthly payment of $30, you'll pay $360 each year. For a higher-end gym or to include extras like child care, swimming pool access, spa facilities, or the use of multiple gyms, you'll have to pay even more each month. Depending on the options in your membership package, you could end up paying over $1,000 in gym fees over the course of the year. 

If you're thinking that there's got to be a better way, you're absolutely right! Building your own home gym will free you from the ongoing trap of monthly gym membership payments. Because you'll own the equipment, you'll only have to pay for it one time, not on an ongoing basis. Not only that, but if there are multiple people in your family that will use the equipment, you'll end up saving even more money over having separate gym memberships. 

While it is true that certain gym equipment can be expensive, you have a variety of options to finance gym equipment to spread the payments out over time to ease the financial burden. This way, you'll be able to start working on your fitness and seeing results right away, knowing that you will fully own the equipment in just a short time. 

All About Gym Equipment Finance 

Here at Orbit Fitness, we are proud to partner with a variety of lending services to help you finance your home gym. Here's a look at some of the many options we offer. 


AfterPay is suitable for purchases of up to $999. This makes it a great option for less expensive items, such as a 40kg Adjustable Dumbbell set or BodySolid Workout Bench. With this home gym finance option, you'll split the cost over four equal repayments, which you'll make fortnightly. As long as you make your payments as agreed, there will be no interest or fees whatsoever! 


For purchases up to $7,500, Humm is an attractive option for many customers. For items over $2,000, such as a functional trainer, you'll have 24 months to complete your no-interest fortnightly repayments. If your total cost comes in under $2,000, you can choose whether you wish to make 5 or 10 repayments. With the 5-payment option, your purchase can be paid off in just 2.5 months! 


PayRight is similar to AfterPay and Humm in that you'll make equal payments over the life of your loan. However, this option allows you to finance gym equipment up to $10,000 in value. If you are looking for a top-of-the-line treadmill or even a Pilates reformer, PayRight can be a great option for you. Depending on the total value of your purchase, your repayments will be spread out evenly over 2 to 30 months, and you have the option of paying monthly or fortnightly. 


If you're looking for something a bit more flexible, try Zip. With this home gym finance plan, you can buy a product that costs $460 or more, such as a Sierra spin bike, with no deposit. You'll enjoy interest-free payments for the first 6 months on purchases up to $1,000. Beyond that, you'll get 12 months of no interest. You'll need to make minimum monthly payments, and you'll be charged interest after the first 6 or 12 months, but you'll be able to save a lot of money during the interest-free period. 

Skye MasterCard 

If you would like to be able to use your financing for more than just home gym equipment, the Skye MasterCard may be the route for you. You'll have access to interest-free finance for large purchases, and you'll also have the flexibility to pay anywhere that accepts MasterCard, not just here at Orbit Fitness. 

Gem Visa 

Gem Visa also offers long-term zero-interest payment plans, as well as general credit card features to finance your home gym. You'll be able to choose from three basic plans: minimum monthly payments, lump-sum payments, and equal monthly payments. This gives you the flexibility to repay the cost of your gym equipment and other purchases in the manner that works best for you. 

Choose Which Gym Equipment Finance Option Is Best for You 

If you are unsure which finance plan is right for your needs and budget, the Orbit Fitness team will be happy to assist you. We'll walk you through the benefits and drawbacks of each option to help you find a solution that will work for you. Of course, we can also help you select the best gym equipment for your home gym as well. 

We are experts at what we do and can guide you in selecting the right equipment to help you reach your fitness goals. Get in touch with us today and start your fitness journey from home.


Published on 29/01/2020

Last updated on 12/11/2021

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