Purchase naturally gives you the opportunity to own your modular building outright from the word go, whilst our five-year warranty on installation* ensures peace of mind. Provided you’ve enough cash on hand or can finance the building yourself at an agreeable rate, once the structure has been installed, barring the most basic periodic inspection and maintenance, there is effectively nothing left to pay on a unit designed and built to last decades. However, if your business is not cash rich, finance is currently hard to find at a favourable rate, or you have a fixed period to run on your current lease, after which you plan to move anyway, then purchase is unlikely to be your best option.

If you want space for an extended period, but don’t want to commit to a purchase, finance lease offers excellent value, with low monthly payments. Subject to approval by our finance partners, we offer competitive finance leasing, normally over periods of 2 – 5 years.

With a finance lease, not only is the overall term cost typically lower than renting over a similar period, but factor in tax relief and the actual term cost is often less than with outright purchase – just with payment spread conveniently and affordably. What’s more, when the end of your fixed term is reached, you have the option to buy, continue leasing, or give back the building. 

At that point, cost of ownership typically equates to around a single month’s payment plus a small administration fee. In the event you plan to move or if you simply don’t want the building on your books as asset, you may wish to continue renting the unit for another year at the same monthly rate. Alternatively, if you have made other arrangements, you can simply hand back the building, subject to modest dismantling and removal costs.

Why rent a modular building at all?

When your own capacity has been reached and breached, it makes sense to contemplate alternative storage in the short term. Renting third-party warehouse space to cover temporary fluctuations in demand is a cost-effective alternative to moving or extending.

However, pallet storage costs soon mount up on their own, and when you’re factoring in transportation between sites – particularly if those sites are a long way apart – outside storage can get seriously expensive very quickly.

If you’re planning to move or extend and need extra capacity to fill the gap, your best option may well be to rent a modular building. Our buildings are available in weeks, go up in as little as a few days, and with rental terms typically starting from as low as 12 months represent a convenient, cost-effective alternative to outside storage over the medium term.

If you would like an agreement where the monthly payments are low, yet the opportunity to own the building at the end of the term is written in from the outset, we can also offer hire purchase through our finance partners.