How do businesses and schools typically pay for a Modular Building or Portable Classroom?
The three most popular ways to pay for a modular building are a standard operating lease, lease purchase, or outright purchase.
#1. An operating lease (some call it a rental) is the most common form of contract in the portable classroom business. This allows you to use the portable for some time and then return it when you no longer need the space.
#2. Lease purchase contracts are popular with organizations that need one or multiple portables for an elongated period (usually more than 24 months).
#3. Buying a portable classroom makes the best sense if you have the capital to take ownership and your school will utilize the space for years.
When considering financing options for a modular building, it is important to carefully review the terms and conditions of each option and determine which one best meets your needs and budget.
