Portable Building, Cabin, & Shed Financing

Is rent-to-own a better option than mini-storage?

You bet. When you pay for mini-storage or any other DIY storage option, you are exchanging your hard-earned cash for empty space with a lock on it. When you use rent-to-own financing to fund the purchase of a storage shed, you are trading your money for an asset that you will own outright at the end of your payment period. Financing through rent-to-own is a great deal compared to mini-storage!

What are the major benefits of rent-to-own storage sheds, cabins, and portable buildings?

There are multiple benefits of rent-to-own sheds, cabins, and portable buildings:

• No large down payments
• No credit checks
• Return them if you do not like them or decide you do not need them
• A great alternative to paying for storage
• You own the building at the end of the rental period

Is it a good idea to do rent-to-own storage sheds, cabins, and portable buildings?

Rent-to-own is the best way to purchase a structure if you do not qualify for traditional financing, or if you do not have cash on hand to buy one outright.

Is rent-to-own a good option if you have bad credit?

Yes, if your credit is sub-par, rent-to-own is going to be the best option for financing a shed, cabin, or portable building.

What is an installment loan on a shed, cabin, or portable building?

An installment loan is a personal loan that allows you to purchase a shed, cabin, or portable building with no money down if you qualify based on your credit score. Our installment loans will allow you to purchase a building with a price of up to $15,000. If you want to purchase a building that costs more than that, you will need to apply for a fixed-rate loan.

What credit score do you need to have in order to be approved for an installment loan?

Typically if you have a credit score of less than 620-630, you will likely be unable to get approval for an installment loan. However, if an installment loan isn’t in the cards for you, rent-to-own financing is an excellent option.

What is the difference between fixed-rate and installment loans?

Both a fixed-rate loan and installment loan are a type of personal loan. The major difference between fixed-rate and installment loans is the amount of financing you can get. Fixed-rate loans are for shed, cabin, or portable building purchases between $5,000-$100,000. Alternatively, the installment loans we can assist with will cover those purchases under $5,000 all the way up to $15,000. For purchases between $5,000 & $15,000, you can go with either type of loan. Interest rates that our financing partners can provide may also differ between the two types of loans. Generally, fixed rates loans have lower interest rates than installment loans.

What is the difference between fixed-rate and installment loans?

Both are a type of personal loan. The major difference between fixed-rate and installment loans is the amount you can finance. Fixed-rate loans are for shed, cabin, or portable building purchases between $5,000-$100,000. Alternatively, the installment loans we can assist with will cover those purchases under $5,000 all the way up to $15,000. For purchases between $5,000 & $15,000, you can go with either type of loan. Interest rates that our financing partners can provide may also differ between the two types of loans.

What does fixed-rate mean?

A fixed-rate loan means that your interest rate will not change throughout the life of the loan.

Are fixed-rate loans better than installment loans and rent-to-own?

Yes, fixed-rate loans typically provide better interest rates than rent-to-own financing or installment loans. However, they are only available for building purchases over $5,000 and they require a good credit score.