Purchase and Lease
Modular Solutions offers many different types of financing for modular buildings. These financing options include:
Purchased as a capital expenditure, modular buildings can be considered separately from the land on which they are located. Unlike conventionally built structures, modular buildings can be relocated in the event that a business changes locations.
In a Lease Purchase, the customer pays a pre-determined monthly rate for a specific number of months, with an option to purchase the building at the end of the lease. The customer receives title to the building if the purchase option is exercised. This option allows the customer to utilize limited capital resources in other areas of the business. In addition, most lease payments are tax deductible.
Like a Lease Purchase, the Operating Lease allows the customer to pay a pre-determined monthly rate for a specific number of months. The Operating Lease may or may not offer a buy-out at the end of the lease term. Customers enjoy attractive monthly lease rates with an option to take ownership to the building at the end of the lease term.
A tax exempt Municipal Lease is a useful financing alternative available to state and local government agencies, including public school districts and some charter schools. In this option, the customer pays a pre-determined rate for a specific number of payment periods with a buy-out at the end of the lease term. After the buy-out, the customer receives title to the building. Payments can be made in a variety of installments such as annually, quarterly or monthly. Lease terms typically range from three to seven years, and payments can be structured to meet the customer's available cash flow.
Many customers prefer to purchase their modular buildings and sell it when no longer needed to recapture a portion of their investment. Utilizing our industry experience and network, Modular Solutions will assist customers in selling the used buildings.
Modular Solutions can provide many options that to help you finance your modular or relocatable building .
Key benefits of our program include, fast, flexible, and reasonable financing opportunities through Modular Solutions, Inc. or one of our qualified lenders.
Note: Application for financing must be approved and is based on the credit history of the prospective client(s) or organization(s). Some applicants may not qualify.