When budgets are tight and the future is undetermined, administrators and school boards often exploring the options to answer the question, “How do make space for our rapidly growing student body when we aren’t quite sure if we are going to continue expanding at this pace or next year or enrollment levels off?” For tis very reason, the decision to go modular is a popular choice. Administrators need a great deal of flexibility to incorporate any incoming changes – whether they be figuring out how to make room for more modular classrooms or campus facilities – or how to pay for it. Many school districts embrace the modular construction because it provides a temporary, relocatable, customizable, and cost-effective solution.
Once the decision to is made to go with modular building, there are many different options available. How do you go about leasing a modular unit, and what options are available?
Once you make the decision to lease, there are different options available for leasing from RAM.
1. You have payment options that can be determined via a discussion with RAM. They can be monthly, quarterly, or annually.
2. Operating Lease — This is for customers who need a longer rental term and only pay for the building while they use it. When you are ready to return the building, you can purchase or return the modular unit. RAM can help you determine whether it is more financially beneficial to lease or buy.
3. Lease to purchase — This is the closest to the ‘lease to own’ concept. Customers need to meet certain financial criteria and you will own the building at the end of the term.
4. Municipal Lease — This is a low interest financing alternative available to government and municipalities, schools, and some charter schools
Leasing includes all the same things that purchase does: delivery, installation, site work costs – although some costs may not be rolled into the leasing contract and may have to be paid up front.
Because of low interest rates, leasing is affordable, and even with delivery and installation costs, leasing modular buildings avoids amortization fees. Combined with the fact that Aries Class Leasing has been the preferred provider of DSA approved relocatable classrooms for over 25 years, they are a natural fit.
When picking out a modular unit, remember that modular buildings have come a long way in terms of aesthetic appearances. They are no longer plain boxes without amenities. Spaces can be customized for comfort, color, and custom interior and exterior finishes. Right now, Class Leasing is now INCLUDING New Standard Carpet Flooring & Custom Exterior Colors on Lease Contracts for Three (3) Years, or longer.
Questions to consider:
How long do I need the unit?
What are my needs versus my wants?
What am I flexible on?
What are my non-negotiables?
Leasing with Aries Class Leasing provides quick approval, competitive rates, and purchase and lease back options. Aries also has ‘pre-leased’ buildings which can offer even more savings! This is YOUR chance to get ‘more building’ for lesser cost.
If you are interested in learning more, please reach out to us for more information on finance options versus purchase or complete our online inquiry form. We would love the opportunity to discuss your options.
Need a little extra freedom and flexibility? Class Leasing knows just where you’ll appreciate it the most: your pocketbook! We would like to offer you 1-Month’s Free Rent. It’s as simple as that. To find out if you qualify, call us at (951) 943-1908 or e-mail us at info@classleasingllc.com.
Download ‘How To Choose Your Next Modular Building” to see all the types of modular units that Aries can do for you and inspire your decision to lease a modular unit today!
