Purchasing Vs. Renting (Leasing) A Shipping Container
Shipping containers are utilized for a variety of purposes. There are several reasons you can consider purchasing a container, including shipping, transport, storage, or even an office space. However, what is the best alternative if you require a container for a brief period?
Renting a shipping container is a cost-effective option to acquire the storage space you want. We at Land Containers sell, lease/rent shipping containers for various uses and applications. Determine if you should buy or rent a storage container by reading on.
Should You Purchase or Lease a Shipping Container?
The best approach to determine whether or not to purchase a storage container is to establish how long and where it will be used. Here are some things to consider:
- If you require a shipping container for ongoing shipping purposes or place it at a specific spot, you can choose to purchase one. This is common in permanent modular building projects, including shipping container residential structures and storage container workplaces.
- Alternatively, renting may be the best option if you require a storage container briefly or for a single event, project site, etc.
- To lease a shipping container, you will need to sign a standard contract that ensures your usage rights, delivery of the storage container, and customizable features. Purchasing one works a bit differently, but there are advantages.
- One of the advantages of purchasing a shipping container is that you can quickly sell your existing one and get a newer one when you’re due for an upgrade. You do not need to wait till the lease expires, and you can recoup a portion of the original purchase price through a sale. If you purchase a container as opposed to leasing one, you may also be eligible for tax savings via equipment depreciation.
When to Rent a Storage Container
There are advantages to both owning and renting a storage container. One of the benefits of leasing a storage container is not having to make a substantial upfront investment. The upfront cost for purchasing vs. leasing storage containers varies significantly. You may lack the funds or inclination to purchase a long-term storage container.
Leasing storage containers is optimal for brief use. If you plan to rent for more than 30 months, purchasing it might be a better alternative. Within this time frame, you will have easily exceeded the cost of buying a new shipping container.
Looking to Purchase or Lease a Shipping Container in San Antonio TX, Houston, TX, Wheat Ridge, CO.? Call us on 210) 245-7729
See more of our content that can help you:
About author
Leave a Reply