One gym I belong to has new Precor and for the most part it sucks. Sad thing is it was purchased with Hammer, Cybex and Lifefitness. 
The quality of the equipment often depends on the background of the gym owner. In case he's a serious lifter himself, he often KNOWS what to look for.
In most cases it's never a good idea to buy/lease a complete line and the reputation of a certain brand says nothing. Technogym was once a great brand, but today's stuff is stylish looking crap.