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. Shipping Container Trader has financing
options include flexible shipping container leasing
programs, lines-of-credit, and equipment finance
agreements through its parent companies. Allowing a
dedicated Shipping Container Trader account partner
to provide comprehensive equipment leasing options
is a solid move.
Shipping Container Trader 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. Shipping container Trader 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
20 Foot, 30 Foot, 40Foot, 45 Foot Shipping Container
Customised Trailers, and specialist builds
ISO Dry Freight Cargo & Shipping Containers
Refrigerated Shipping Container Finance
Self-storage Container Finance
Mini Storage Container Leasing (see our site
Flat Rack Containers 20 Foot, 40 Foot
10' Storage Containers (specialist builds new and
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 lies
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.
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 lender 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.