With spa procedures and trends changing everyday, it raises the question: how do spa professionals stay current with their spa equipment? The spa industry is wholly dependent upon clients’ satisfaction. Savvy spa-goers are constantly changing spa methods and shaping new trends with their likes and dislikes, requiring innovative spa equipment to keep up with their needs. If a competing spa has more sophisticated spa equipment, you could end up losing valuable clientele. Does it seem more beneficial to lease your spa equipment knowing that your brand new equipment you just bought could become outdated within a few months?

Making this decision alone can be tough. There are spa professionals available that can help you evaluate the benefits and drawbacks of buying spa equipment vs. leasing. They can help determine an overall business plan that takes into account what types of services and expansion your company can afford to make for the next 5 to 10 years. If you have a new spa or are planning on opening up a new spa, the sales your company generates may not be enough at first to compensate buying expensive new equipment. Depending on your overall sales and projected loss, lease payments may be a more viable option for your company. The greatest benefit of leasing equipment is that it will save your company money in the long-run; especially if the life expectancy of the equipments is less than 5 years.

On the other hand, if you have an established spa that has enough resources to afford new spa equipment and can replace it periodically with even newer equipment, then buying would be your best choice. Consider the return on your investment. Will your business be making enough profit to pay off the expensive new spa equipment? If so, then buying would be better. Paying cash also has the advantage of receiving a discount on the purchase price of the equipment. Another benefit of owning equipment vs. leasing is that the owner will receive a depreciation tax break on purchasing new equipment.

Whether you decide to buy or lease spa equipment, keep in mind your business budget and projected profit, as well as how much your equipment will appreciate or depreciate. Spa equipment can be incredibly expensive; from microdermabrasion kits to electric lift massage tables to various other types of spa equipment, your budget could very well get out of hand. If your spa is new, leasing may be the better option. If your spa is well-established and can afford to purchase updated equipment on a regular basis, then buying would be the best option. Choose a qualified spa professional to assist you in buying or leasing spa equipment.