Recently, the rates on tank leases have changed slightly which may benefit customers interested in purchasing a new tank. Through the tank leasing program, customers can purchase new tanks and then spread out payments over several years. Our tank leasing program applies to both our welded steel tanks as well as our bolted steel tanks.
Using the leasing program allows our customers to conserve capital funds and use revenue from operations to make lease payments. Customers still retain ownership of the tanks, similar to a straight purchase. A variety of public entities as well as non-government agencies can utilize the tank leasing program including water districts, municipal utilities and private companies. The terms of our tank leasing program range in length from 24 to 60 months and our rates are very competitive. We offer the most economical terms as our tank leasing agent works with a variety of funding sources and we will customize a package most advantageous to you. For comparison, a steel tank with installation costing $100,000 could be as low as $1869 per month with a term of 60 months. Our leasing specialist will be able to provide details and price estimates based on current rates and the specifics of your project.
Our customers can lease a wide range of bolted steel storage tanks from 4,000 to 3,500,000 gallons and welded steel tanks up to 2,500,000 gallons. In addition to the price of the steel tank, the installation and other site work costs can be incorporated in the lease. Superior Tank Co., Inc. is a licensed General Contractor in several states and we can perform a wide scope of work under a single contract. Tanks under the leasing program can be used for storage of a variety of liquids including potable water, water for fire protection, rain water harvesting and wastewater.
The Federal Reserve is predicting two more rate increases in 2016 so lock in your lease rates NOW!