The biggest benefit of buying a home fitness equipment is that is one time fee that gives you a unlimited use of equipment, so you save money. You also have privacy while working out and have the freedom to work out whenever you want. Drawback is that you really have to have a dedication and motivation to use the equipment long time. Another drawback is that it takes up space and you must consider the fact that maybe you will need to repair the equipment and those costs can be quite expensive.
