We Know Financing!
When working with Spectrum, you do have options of how to finance your new or used modular building. A majority of customers chose a standard lease option or an outright purchase of their building. Spectrum also offers a capital lease aka a lease-to-own option. Not sure what works for you? No worries, together we can come up with a solution that works best for your budget and long-term goals.
- Purchase – Depending on your budget and building needs, purchasing the building outright may be the best option for you.
- Operational Lease – A standard lease agreement available for both short term and long term periods. The right to use the building is transferred to you and at the end of the lease period, the building will be returned to Spectrum. We have different terms, depending on the length of time you need your building. Typically, the longer your commitment, the better rates we can offer. This type of lease can be for a new or used building. Of course, used buildings will have a lower lease rate.
- Lease with Purchase Option – Sometimes, your space needs beyond the initial rental term are uncertain; needs within your business may change as well as your financial position. If you have an interest in purchasing your building but can’t make a financial commitment right now, this option may work for you. You can rent your building and take advantage of a favorable, fixed price purchase option that you can exercise at the end of your lease.
- Finance Lease – Sometimes called a capital lease. This works well for when you know you want to purchase and keep the building but may not want to pay for all of it up front. Your payments will be spread over an agreed term.
Still not sure what’s right for you? Working as a team, we can develop a strategy that offers the best solution for your situation.