Storage Container Finance Leasing
Whether you’re a local storage facility or looking to purchase a storage container for your own business use, purchasing a few storage containers can use up cash that could be better spent elsewhere. Often shipping containers are used for storage. Probably the most popular size is the 20ft container storage.
Self Store Container Finance Options
It is often not practical for most businesses to purchase several storage containers outright with cash, with prices generally in the region of £3000 per shipping container price, it can be a significant cash outlay.
Some new start self storage companies may choose to initially rent a few units, but often the costs of renting will take a significant slice of the revenue generated by the rental income. By using a Hire Purchase or Leasing facility, the self storage company may ultimately own the units at the end of the agreements and also the flexibility of financing enables the company to build on the stock of storage units as the business grows.
Why use Hire Purchase or Leasing to finance SelfStorage Containers – Purchase or Finance Lease
Using Hire Purchase and Leasing finance to finance Storage Containers has several advantages.
Using leasing means that you can finance the container over the useful life of the unitt and then when it is repaid you may choose to update the unit to something newer. (Depending on terms of Lease)
Using Hire Purchase gives you the option to own the storage container at the end of the agreement.
The repayments are fixed for the term of the facility meaning that you can have certainty for the period of the facility.
Your business has the competitive advantage of using new storage containers without the need to wait and potentially loose custom to the competition who may have regularly renewing units.
Terms of generally between 3 and 5 years.
You are also free to choose the supplier of your storage container and are not tied to using the in house, often expensive, financing option.
Business Finance Direct – Storage Container Finance Specialists
Over the years we have worked with several self store businesses and helped them to finance the equipment including storage containers, they need to run their business successfully. We have worked with both local and national companies.
Storage Container Finance Calculator – Leasing Calculator
With all the variables involved, it is very difficult to provide an accurate estimation of the costs involved in financing a storage container. Financial strength of the business, cost of the storage containers and term of facility required will all play a part in the cost of finance. We would ask you to contact us with full details, so we can provide you with an accurate quotation.
In addition to our many years of experience, we also have access to an extensive panel of lenders who specialise in providing finance to businesses in the self store / storage sector who are financing storage containers and other handling equipment including grabs / forklifts and vehicles.
Get in touch with us today and let us help you to finance your storage containers.
Do shipping containers qualify for capital allowances?
As always, please speak with your accountant or tax advisor regarding taxation and capital allowances on storage containers.
Self Store Finance & Container Hire Finance ?
Yes we will work with both Self Storage companies & Hire Companies in the finance of modular buildings, Portable Toilet Hire and Portable Office Hire.