Used storage containers have many uses. You can use them to ship your goods or to store items at a construction site. Before they can be repurposed, shipping containers are used on large container ships that cost over US$200 million to construct. If you need one, you can either buy it or rent it. The decision to rent or to buy depends on several factors. Read on to find out whether it’s better to rent or buy used storage containers.
Duration of Use
Before you can decide to buy or rent used storage containers, you need to think about how long you need to use it. It may not be economical to purchase a shipping container, so you can only use it for a week. If you need a used storage container for less than a year, it would be better to rent one. On the other hand, if you need it for more than a year, it makes more sense to buy one. Of course, if you want to use a shipping container to make a permanent structure, you will have to buy one.
There are several advantages to owning a shipping container. For instance, if you own one, you can reuse it for many years and for several different projects. The majority of shipping containers have a lifespan of about 25 years, so by the time it’s no longer suitable for use, you will have recouped your costs.
Your Budget
Another factor that can determine whether it’s better to buy or rent a used storage container is your budget. The cost of renting a used storage container varies depending on the size of the container, its age, and whether any modifications have been made to it. Newer containers with several modifications generally cost more than older ones. On the other hand, the cost of purchasing a shipping container depends on the structure you need.
You will also pay more if you need some customizations. To find out which option makes more sense, you need to compare the cost of renting a container over your intended period of use and that of buying. It usually makes more financial sense to rent a container if you need it for a short period.
These are some of the factors that can help you determine whether it’s better to hire or buy a container. Comparing the cost of both options should tell you which one makes more financial sense. It won’t make sense to buy a shipping container and then use it for a week only. After that, you may need to resell it, and it will be difficult to get a good offer. Contact us to rent or buy a shipping container today!
