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Finance & Leasing
We understand that how you finance
your modular building may be as important to you as the building
itself. We offer a full range of financing options, including building
and site preparation - all tailored to meet your budgetary needs.
Alternatives include:
- Outright Purchase
- Lease Purchase
- Long-term or Short-term Operating
Lease
- Municipal Lease
Outright Purchase
The most common transaction is when
our
customers purchase their buildings. You can seek your own
financing, pay cash, or request assistance in financing by meeting with
our selected lenders. As a capital purchase, modular
buildings
can also be sold separately from the land upon which it is located if
it is collateral for the land. In contrast to site built
structures, most modular buildings are fully re-locatable, thus
allowing a company to change locations should the need present itself.
Operating a business on leased land becomes an innovative and
cost-efficient alternative.
Lease Purchase
The lease purchase option allows a
company to pay a pre-determined monthly rate, with an option to
purchase the building at the end of the lease. This option can free up
capital for use in other areas of the business. Most equipment can also
be included in the lease purchase monthly rate, making an attractive
package for start-up business that would otherwise be responsible for
securing additional financing for any additional equipment necessary to
begin operating their business. And, as an added benefit, most lease
payments are regularly tax deductible.
Operating Lease
Generally the lowest monthly payment,
similar to the lease purchase option, with the exception that it may or
may not offer a buy-out price at the end of the lease. Customers may
prefer the attractive rates of a lease without actually owning the
building at the end of the lease.
Municipal
Lease
A tax-exempt municipal lease is a
useful financing alternative available to state and local government
agencies. Payment amounts include the cost of the equipment and all
financing charges. There are normally no front-end charges such as
those associated with issuing a bond. Financing can provide for 100
percent of the asset cost including freight and installation charges.
Typically, the government agency will be required to provide adequate
maintenance, insurance coverage, and accept responsibility for local
taxes due, if any. At the end of the municipal lease, a nominal amount
usually is paid for the title to the equipment. The normal duration of
a municipal lease is usually three to seven years and payments can be
structured to meet the lessee’s cash flow requirements.
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