Rent vs. Buy: How to Decide Which is Best for You
If you have a need for a storage, shipping or on-site office container, your first thought may be whether you should rent or buy. Both are great options, but the answer to your question will lie heavily in your budget, specific needs and desired duration. Should you rent or buy a storage container? We will help you come up with a solution.
Size reassessment: this is one of the best features of the rental option. Sometimes we are tempted to order a container that is bigger than what we actually end up needing, or maybe the reverse is true for you. By renting first, you can quickly flesh out your exact needs and tweak your rental accordingly without tying yourself down to a big purchase. You can choose from a few different sizes, then reassess later if you need to downsize or upsize.
In a nutshell, rentals are great if you…
- Just need a storage space for a short time and can’t see yourself making use of a storage container in the long run
- Temporarily have surplus items
- Are moving to a new facility
- Need temporary workspace
- Have a short-term project such as construction job and need onsite tool storage
- Are remodeling your office
- Aren’t financially ready for a large expenditure
- Wish to deduct the fees from your taxes
Purchasing a container also comes with many benefits. When buying a container, you can modify it in any way you want, to fit your unique needs. This customization option is one of the best features of the purchase option. Whatever you need — mobile offices, outside stages, kiosks, multimedia booths, houses or storage spaces – you are not limited to the modifications, accessories and customized features that you can get. When you own the container, you have much more control.
Also, when you own your own container, you can ship it to any location you want without having to return it to its original location, like you do with a rental. Your shipping company will drop off your storage container on site, immobilize it and level it. Buying is a better option for those who will need the container for the long term, as they pay one price up front rather than a monthly payment for a rental.
Purchasing a container also allows you to amortize its cost over many years. Additionally, you have the option to purchase a new or used container, depending on how low you want to keep your costs. But even used containers are in good condition when you buy from a reputable company, costing you less up front.
In a nutshell, buying is great if you…
- Need permanent long-term storage
- Wish to modify
- Want a one-time fixed cost (typically, this is the most cost feasible option if you can afford it)
Contact Container King
For more information on our containers for rent or purchase, please contact us at one of our three locations at 972-290-4600. For your convenience, we are open Monday through Friday 8 a.m. to 5 p.m. and Saturday 9 a.m. to noon.