New space for your business, organization, or institution does not have to be hard on your budget. If you want a permanent or temporary modular building, we have a variety of modular construction financing options available, ensuring that you have the building you want, in the time-frame you need.
Modular building financing will provide you with affordable options to meet your budget requirements, including:
- Finance leases (Lease-to-own)
- Operating leases
- Purchase
Modular Construction Lease Options:
Lease-to-Own:
Lease-to-own means you are building equity in your modular building every time you make a payment. Modular building finance leases are basically the same concept as financing a car. You own the modular building and the financing institution holds the title to the building until the loan is paid in full. As you make payments, the principal amount owed diminishes and you end up with complete ownership of the modular building at the end of the lease.
A finance lease can be 6-months to 72-months in length, based on approval. Your payment on the finance lease is based on an amortization schedule, spreading the cost of the building and finance charges over the term of the modular building lease.
A shorter-term modular construction finance lease provides building ownership without the upfront cash payment of an outright purchase. Longer-term modular finance leases offer the same building ownership but also provide the freedom of lower monthly payments.
Operating Lease:
Low monthly payments to help balance cash flow are the principal benefit of a temporary building operating lease. Monthly rates are primarily based on the type of relocatable modular building you select and the length of lease you choose. A temporary modular building operating lease delivers a high level of flexibility, so that you can get the portable building you want, when you want it, and keep it for as long as you need it. Typical temporary modular building operating lease terms range from 12- months to 60-months.
Longer-term modular building operating leases offer lower payments and peace of mind knowing you are locked in at your rate for the term of the modular building lease. Short-term portable modular building leases are perfect for swing space or when you are not exactly sure how long you will need the temporary space. All of our operating leases can be renewed an unlimited number of times, giving you the flexibility to effortlessly balance your budget and space needs.
Preserve your cash by allowing us to pay your delivery and set-up charges and finance them over the term of your lease. Amortizing upfront charges is an affordable way for your organization to get into a temporary modular building fast, without requiring the upfront lump sum payment for delivery and set-up. Vanguard Modular offers significant flexibility in amortizing term lengths.
Still not sure which choice is right for you? Read our article on modular buildings: lease or purchase.
Request a quote today to get started on financing you next modular building!
