Renting vs. Buying Shipping Containers: What To Consider
Written by Susan Nalevac | February 25, 2022
The uses for shipping containers are almost endless. They can act as temporary offices or permanent storage spaces. Of course, you can also use them to ship cargo. If you think you or your business could use a shipping container but aren’t sure whether it makes more sense to buy or rent, don’t worry.
We have you covered. Check out our guide on renting vs. buying shipping containers and what to consider to learn the benefits of both options.
Your Budget
When we say your budget, we’re not strictly talking about the cash you have on-hand now, but your long-term budget as well. There are shipping container handling services that you must consider, such as transportation and storage. These will add to its cost.
How much do you want to invest in a shipping container, and for how long can you afford this expense? It may seem obvious, but your budget will influence whether renting or buying is more beneficial for you.
How You'll Use the Container
The benefits of renting a shipping container or buying one can drastically change depending on its purpose. If your container will only act as a storage unit in one place for an extended time, then buying has its benefits.
But if you plan on moving the container, then you can bundle your rental with transportation services instead of having to find a separate company to move the container you just bought.
The Container's Condition
You should also seriously consider the condition of the container you want. If you’re using the container strictly for transportation, you probably don’t care if there’s a little rust or denting on it.
However, rentals tend to be in better condition than used containers for purchase, so if you’re using the container as part of your business or as an office, for example, your options might include purchasing a new container or going with a rental instead of a used container purchase.
How Long You'll Use the Container
Perhaps the most significant factor in deciding between renting and buying is how long you plan to use the container. The longer you plan to use a shipping container, the more beneficial buying it and owning it will be.
When you get a rental, you don’t have to worry about disposing of or selling it after you finish using it. If you need a container only for one job or just as a temporary office, renting it will be more convenient and probably more affordable.
Conclusion
Now you know the benefits of renting or buying shipping containers and what to consider when making your decision. Whether you’re searching for new or used shipping containers for sale in Indianapolis or Houston for instance, then contact Container Management, Inc.
We'll get you the container best suited for your use. Whichever way you decide to go, we can provide you with what you need.
