Container Ownership: Why It Pays Off in the Long Run Buying a container can actually be a more cost-effective and practical choice in the long run. Here are five reasons why container ownership can benefit you and your business.
Shipping containers have become increasingly popular as practical and affordable storage and living solutions. While hiring a shipping container may be a viable option for some, purchasing a shipping container has its advantages and disadvantages. Container Traders explore the reasons for why a customer would choose to buy a shipping container instead of hiring and examine the pros and cons of both options.
Why buy a shipping container instead of hiring?
It is a one-time investment that can provide long-term cost savings. Hiring a shipping container can be expensive, especially if you require long-term storage or accommodation. Over time, the cost of hiring a container can far exceed the cost of purchasing one outright.
When you purchase a shipping container, you have the freedom to customise it to your specific needs. You can modify the container to suit your unique requirements, such as adding windows, insulation, shelving, and lighting.
It means that you own it outright, and you have complete control over its use. You can use the container for storage, accommodation, or any other purpose without worrying about returning it at the end of the rental period.
Shipping containers retain their value relatively well and can be resold when you no longer require them. If you purchase a container in good condition, you may be able to sell it for a similar price to what you paid for it.
Depending on your location, hiring a shipping container may not always be an option. By purchasing a container, you have access to it whenever you need it.
Pros of hiring a shipping container
Hiring a shipping container can be a flexible option, especially if you only require it for a short period. You can hire a container for as long or as little time as you need, and you can return it when you no longer require it.
Cons of hiring a shipping container
Hiring a shipping container can be expensive, especially if you require long-term storage or accommodation. The cost of hiring a container can quickly add up, and you may end up paying more than you would if you had purchased the container outright.
When you hire a shipping container, you cannot modify it to suit your specific needs. You are limited to the container's original design, which may not be suitable for your intended use.
When you hire a shipping container, you need to pay for return freight which can be a considerable cost if you don’t live in a capital city.
If you want to explore your options and compare costs, give us a call.