Finance Options for Modular Buildings & Construction
We offer multiple purchase & finance options to help fit your cash flow & budget.
1. Straight Sale
Firstly, the customer can purchase the modular building for a fixed amount. If the modular building financing is on lease, it can also be purchased at the end of the lease term for either a fixed amount. Or at the future fair market value of the equipment.
2. Finance Lease with a $1.00 buy out
Secondly, the Finance Lease allows the customer at the end of term to acquire the modular building at the predetermined $1-Buy Out purchase option. The Finance Lease is a 100% financing of the asset to be acquired and/or any ancillary costs. Ancillary cost, for example, can be the following; Engineering, General Contracting, Electrical, Plumbing, Steps/Ramps, Sidewalks……. Therefore, allows the customer to complete the investment without capital outlay. In fact, the ownership of the modular building transfers to the lessee at the end of the term.
Conditions:
- ALL QUOTES ARE SUBJECT TO CREDIT APPROVAL
- SUBJECT TO EXECUTION OF SPECIFIED LEASE DOCUMENTS
- RATES CONTAIN NO APPLICABLE TAXES OR MAINTENANCE
- RATES ARE SUBJECT TO CHANGE
- ABOVE RATES ARE NOT APPLICABLE FOR TRIBAL, FEDERAL, OR STATE & LOCAL GOVERNMENT
3. Operating Lease
Lastly, the Operating Lease allows the customer to make rental payments for a fixed term. This happens during which no equity accrues on the modular building. At the end of the lease term, the Customer may either renew the lease or return the modular building to the leasing company. The Lessee is responsible for 3 items while renting the building. For instance, rReplacing air filters on a monthly basis, replacing any light bulbs and reporting any other service item immediately. So, immediate attention can prevent any further damage. Most importantly, however, some service contracts may be written different depending on the type of building and scope of work.
