Boxmoves 1 Blog 2015
These days, shipping containers aren't just used by logistics companies and businesses shipping cargo and
freight overseas. ISO shipping containers and ISO cargo containers of all types have been used for housing,
field offices, power generation stations, self storage and even emergency response units. Shipping container
financing options are available for commercial and municipal applications around the world. Boxmoves 1
has financing options include flexible shipping container leasing programs, lines-of-credit, and equipment
finance agreements through its infrastructure. Allowing a dedicated boxmoves1 account partner to provide
comprehensive equipment leasing options is a solid move.
Financing Shipping Containers
Boxmoves1 partners are financial experts that understand the need to acquire equipment quickly and
efficiently... especially when dealing with the logistics and shipping industries. Our shipping container
financing partners can get your finance structured to accommodate shipping & cargo containers as well as
material handling equipment and container logistics operations globally. Boxmoves1 partner financing is
available for steel shipping containers, aluminium cargo containers, converted containers and self storage
our used shipping container leasing programs are the best options in the industry:
New and Used ISO equipment
20 Foot, 30 Foot, 40Foot, 45 Foot Shipping Container Finance Programs
Customised Trailers, and specialist builds
ISO Dry Freight Cargo & Shipping Containers
Refrigerated Shipping Container Finance
Self-storage Container Finance
Mini Storage Container Leasing
Flat Rack Containers 20 Foot, 40 Foot
10' Storage Containers (specialist builds new and used)
Why might you need finance on a container? Simply, for a single purchase most people don’t the value of one container is low enough that it can be
funded from cash flow or a credit card. However for multiple units this may not be possible. Typically multi unit purchase is not for onward resale -
commonly it's for the build of new yards, storage facilities or similar developments - and here lays the key to finance.
In these difficult times it might seem that getting finance for almost anything is going to be hard, not least a shipping container. But like most other
durables, containers are an asset - and therefore can be financed just like most other assets. Fabrication and Site Services UK have finance facilities
through a global network of long standing providers.
Whilst traditional banks will offer asset based finance or lease hire for things like cars or vans they may shy clear of containers. Certainly certain finance
methods such as contract lease, contract hire and operating lease are less applicable as generally there is no expectation that the asset (the container)
will be ever be returned cars for example are generally handed back to the finance company after a certain period of time and a new lease taken on a
more modern vehicle]. Nevertheless there are a number of lenders who will provide finance for container purchases.
So what's the advantage of asset finance over a traditional loan?
In a word - cost. A general purpose business loan could be used for many things; a lot of which do not involve an asset or involve assets that on
purchase immediately loose a huge percentage of value. For example consider a mezzanine floor - uninstalled it might be worth thousands, but once it's
put in situ it's worth is negligible as taking it down, moving it and re-fabricating it exceeds the worth of the parts. When you secure your loan on a tangible
asset the lender knows they've got a lot better chance of getting some money back if you default. Therefore their risk is lower and consequently they can
offer a better percentage rate.
As ever it's key to shop around and to go to specialists - and turn to the internet to find the best deal! You need to work with a lender that has experience
of container finance as it's a niche market - but these lenders will have a far better understanding and consequently be able to offer the best loan rates.