Should You Rent or Buy?
Most customers already have a good idea of whether they want to rent or buy a storage container, and usually it’s simply based on whether the need is temporary or permanent.
Based on our rental rates and sale pricing for a new shipping container, the break even point is just over three years. If you’re planning on renting a BigSteelBox for more than 3 years, you’re probably already considering whether or not you would be better off buying.
While the math is pretty straight-forward, there are other things to take into consideration that may make renting a more attractive option. Call us today to discuss your options with one of our experienced Storage Consultants: 1-800-373-1187.
Benefits of Renting
If you just need a temporary storage solution for a few months, then renting is the best choice for you. However, even if you need long term storage, there are other things to take into consideration that might make renting a better option than buying:
A lower monthly cost is better for short-term cash flow. Many business customers who manage projects for third parties prefer to rent, because their monthly rental fee becomes an expense that is billed to the client as a project cost.
Having your shipping container tagged with graffiti is not cool and can be expensive to fix. That’s why we offer optional vandalism protection on rented units. It eliminates the risk of our customers having to pay for damages out of their pocket.
When you rent a BigSteelBox, it’s easy to change to a larger or smaller size. No need to go through the process of selling and buying again. Just give us a call and we’ll switch out your container with the size that fits your current needs.
While a BigSteelBox will last a long time, after a number of years they can start to look dated and weathered. If you’re renting, you can always swap it out for a newer container at any time. So, if image is important, then renting may be better for you.