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. ![Undecided :-\](https://www.getbig.com/boards/Smileys/classic/undecided.gif)
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.