We will now deal with the topic that everyone who is considering getting a container ponders on – ”should I buy or rent a container?”.
When should you rent a container?
Fixed-duration or temporary need
A glass container on its way to being temporarily rented
If the need for a container is temporary, renting one is a good alternative. The perks of renting are the ease and swiftness – the container is delivered onsite at the agreed point in time, and once the need has passed, it is taken away.
When you rent a container, you don’t need to have a lot of capital for purchasing one, since you will only pay for the monthly rent and the lifting/handling expenses. You can get the necessary containers for example for your business quickly and pay only a fraction of their purchasing price when you rent them. Moreover, you don’t have to worry about the placement or resale of the container once you don’t need it anymore.
Servicing and maintaining the containers won’t also concern you when renting a container, as they are included in the rent (except for the faults and breakdowns caused by use).
An office container underwork
Renting special containers is often more cost-efficient and faster than buying them, due to the high purchasing price and availability. For example with glass containers or office containers that are custom-ordered from the factory, the delivery time may be several weeks.
General destinations for renting:
Construction sites and other worksites
Need for additional space, for example, seasonal products
Moving house and water damage
When should you buy a container?
Delivering more storage space
Long-term or continuous need for space
If the need for a container is long-term or continuous, you should consider purchasing your own container. Buying a container is a good alternative, when the need for a container is not project-based and you’ve got the space required by the container, for example for additional storage space at farms or industrial areas.
If you need the container for something else than transporting goods or storage, buying a container is often a good alternative. Making a purchase is a good idea especially in cases where the container undergoes “very heavy-duty use” (for example fire drills) and will most likely be damaged. The basic principle with rental containers is that they are returned in the same state they were in when the rental period started, so reparations in conjunction with the rent may become more expensive than buying a container if the container is damaged during the rental period.
Special use and modifications
Taping a container
If you need a modified container that differs from the basic models significantly (for example additional doors, tapings), buying a container is your only option in many cases. Modifications are always done case-by-case based on the customer’s needs, so renting is not a very sensible option for either the renter or the lessor of the container.