We come today with some new info from our partners, we asked them about a few of their programs and they told us tons of information that we hope, will help you understand the rental programs, rent to own and finance. Also we’ll talk about the payment options most of the companies are offering nowadays and about the most common warranties that are offered together with the shipping container or you can purchase separately.
25. How does the Shipping Container Rent or Lease Program works?
Most of the companies that sell and deliver shipping containers, during the crisis we’re facing in the industry right now, developed different programs to help you, the end user, to buy, rent / lease, rent to own or finance for a shipping container that you so much need. The easiest and cheapest way of storing goods is either to rent a container, that way you know it’s right there next to you under your watch, instead of going for a storage facility. Most of the time you will have to pay the delivery and a deposit, as well as the first month rent upfront and then they will deliver the unit to you. This will be priced depending on the size of the unit you’re looking for, on the distance from the yard to your property, and of course the contract length. The longer you rent, the lower the rent per month goes, but you still need to pay that delivery fee and deposit, which most of the time is equal with the delivery fee, so just in case you are going to run away and not going to pay, they have to come and pick up your unit. Of course the deposit will be returned to you at the end of the contract or you can use it to have them pick up your unit so you don’t need to find someone to help you return the unit to the renting company’s yard. There are 1+ months, 12+ months and 24+ months contracts for leasing. You should ask a sales representative for more details. So once you will sign a contract for the agreed length, most of the companies will charge yoru card or your bank account for the first month, delivery and deposit and will start your delivery process.
26. How does the Shipping Container Rent To Own Program works?
The Shipping Container Rent To Own Program is very similar to the Lease program. You have to pay an upfront amount depending on the contract length, but in this case the deposit most of the time is refundable since at the end of the contract you won’t be giving back the unit and you will keep it. So the deposit you get it back at the end of the contract or you can apply it only towards the last payments, let’s say you have an amount close or equal with the deposit you can use it towards the payments or have it back at the end of the contract. Usually there are 12, 18, 24, 36 months contracts with most of the vendors, the longest you do the contract the less you will pay per month or upfront, but in the long run you will end up paying more in interest, because most of the companies will include that already in the monthly rent. Which is legit and will work for you, that way since you don’t have the money to buy it upfront , everyone wins, you get the unit and the company sells the unit to you.
27. How does the Shipping Containers Finance Programs works?
The companies that are really good, with a good credit line and legit can get financing programs from banks or third party partners to help their customers buy a product, and in this case a shipping container. How the Finance program works? Well it’s simple, while the rent and rent to own most of the time, are runed through the company locally, they don’t check your credit score, they only check if you are eligible, that you are a real person and you have an income that you can pay the monthly rent. When it comes about the Finance program, most of the time the third party or bank will run a credit check that might affect your score or not, that way they know you are a good person and you will pay the monthly fee. The good thing about the Finance programs is that you don’t need to put the money upfront, once you are approved, the third party will send the money to the company you are buying the container from, and they will deliver your unit. form that moment you are only paying the monthly fee to the third party, like a loan from the bank. Most of the companies will have either nation wide or just local for the state they are in or surrounding states from where the business is located, the Finance Program available, only for the residents. Ask a sales agent to see what are your options.
28. How can I pay for my shipping container ?
A well know company and a reputable one, will have all payment options. Now with the units being so hard to get nowadays, most of the vendors require money upfront so they can be sure of the order, then they make the unit available at the yard and then schedule it for delivery. Usually for Credit or Debit card transactions, the fees are either included in the price you will pay, or absorbed by the company. Sometimes if you will use other payment options besides Credit or Debit cards, you might get a discount, because most of the companies are family runed and would love to get you a discount instead paying the transaction fees to the banks or credit card companies. Other common payment options are e-check or ACH, wire transfer, direct deposits, Zelle, Venmo, PayPal or the old fashioned paper check. make sure you always check the company you go with, because there are lots of scams out there. Ask simple questions and see what answers you get, if they are unsure of what they are selling …think twice.
29. What warranty do I get with the shipping container?
Most of the companies will offer some warranty for the Wind and Water Tight units, or for all. It can either be included in the price you pay or you might need to purchase separately, at an extra cost. Lhe longer the warranty, the more you can trust the units will be in a good shape overall. No company will sell and deliver a bad container if they have to fix it afterwards, so most of the time they will do a good job inspecting it and making sure is up to standards. Of course they will help you if something happens during the warranty, but always read the Terms and Conditions, since they might have some good information about warranty and many more.
