For Aira Fitness equipment leases for the fitness center, what is the range of the required down payment when financed through your affiliate?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
irectly through us.
| Item Financed | Source of Financing | Down Payment | Amount Financed | Term | Interest Rate | Monthly Payment | Prepay Penalty | Security Required | Liability Upon Default |
|---|---|---|---|---|---|---|---|---|---|
| Equipment Lease – Fitness Center (Note 1) | Our Affiliate | $8,472 - $44,359 | $15,014 to $85,806 | 3 years; month to month thereafter (Note 2) | None if paid on timely basis; 18% on past due amounts | $352 - $1,963 (Note 3) | None | Personal Guaranty | Total amount due upon default; loss of franchise; attorney's fees and c |
Source: Item 10 — **FINANCING (FDD pages 36–38)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, if you finance an equipment lease for a fitness center through their affiliate, the down payment ranges from $8,472 to $44,359. The amount financed will be between $15,014 and $85,806.
The term for the equipment lease is 3 years, after which it continues on a month-to-month basis. While the interest rate is 0% if payments are made on time, past due amounts incur an 18% interest charge. The monthly payment for the equipment lease ranges from $352 to $1,963.
Aira Fitness requires a personal guaranty as security for the lease. In the event of default, the franchisee is liable for the total amount due, and may also lose the franchise, in addition to covering attorney's fees and costs of collection. This is a fairly standard arrangement in franchising, as franchisors typically require some form of security to protect their investment in the franchisee's business.