Purchase vs. Hire - Which container option is best for you?
Thursday 1 December 2022 Filed in: General
Enquiries to Containers Direct about shipping container hire have become more frequent as the price of buying shipping containers has risen. A bit like getting credit, it may seem like a good idea at the time, but in the long run you may end up spending more than you bargained for.
Reasons for considering shipping container rentalAs times are hard and you might need a shipping container fast, for emergency storage or to enable you to progress with an important project as soon as possible, renting a shipping container from a company that specialises in leasing may seem like an attractive option. You can have it delivered and ready to use fast, with minimal out-lay. But all that glitters is not gold, and you could find the reality leaves you out of pocket.
Why leasing shipping containers could cost you moreThere are a number of things to consider before jumping into a rental agreement. Even taking out the monthly hire charge for a shipping container on your land, you may be asked for a security deposit to begin with. On top of this there are delivery and collection charges to be considered. Transporting containers is no easy business and either an artic lorry with hiab or a wagon and drag is required, which rack up considerable costs that need to be paid up front. Although you will still have to bear these costs if you are buying a container, you will have twice the transportation costs to pay when hiring - the container will need to be collected at the end of the lease period! If you look at the prices of buying shipping containers and compare this to the the overall delivery and collection costs of hiring, you may be surprised to find the figures are not too dissimilar!
Also be aware when if you rent a shipping container that the lease company will expect it to be returned in the same condition as it is delivered to you, A little bit of wear and tear is acceptable, but any accidental damage beyond this and you will be invoiced for repair costs up to the market value of the container!
The costs and value of buying a shipping containerSecond hand containers are great value for money, and you'll probably find you're quids-in quite soon, especially if you end up hiring the shipping container for a longer period of time than you estimated. Life has a habit of throwing up delays and hitches even with the best laid plans, so those 3 months you thought you need use of shipping container could well turn into six - or more!
Take a look at our prices for quality used shipping containersThe most popular sizes for both renting and buying containers are 20ft and 40fts. These two lengths are standard manufacture sizes, so they can be sold on as they are. For other sizes work is required on the container to cut it down to size, and complete it with a new end panel of door, so the price per foot will be more. Therefore 20fts and 40ft containers represent the best value for money, and may be the only sizes offered for hire.
Containers Direct can provide both standard sizes, and cut down sizes at economical prices.
We also hold a number of containers ready to be delivered at clearance prices
So you're sure you won't be needing container for long?If all things have carefully been considered and short term container hire looks cheaper than buying you own, then now is the time to present to you our Buy Back scheme. This means our customers can buy their container outright while keeping open the option to sell it back to us and have us collected for free! The Buy Back option is valid for up to 24 months from your delivery date, and is applied at the point of sale, so you don't need to make any decisions there and then.
Buying your container also allows you to take advantage of a range of optional extras, particularly condensation prevention, which is unlikely to be offered in a standard container for hire. Using a shipping container for the storage of items made of materials vulnerable to damage from moisture formed by condensation (especially furniture and other household goods). ply lining and insulation to keep your container completely dry inside, is always recommended under these circumstances. But don't worry, the additional expense incurred with any optional extra will be added to the value of the buy back price.
The choice is yours, and everyone's circumstance will differ, but the message is do your research before deciding whether to hire or buy and make sure you are aware of all the costs to factor into shipping container rentals.
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