Should You Rent or Buy Steel Storage Containers?
There’s a hot market for steel storage containers right now, largely due to an increasing interest in how they can be used. From storage solutions to mobile offices to small business storefronts and more, there’s seemingly no end to what these sturdy steel boxes can do. But when you need steel containers specifically for storage, the question is, should I buy or rent?
The answer depends on your budget, how exactly you plan to use your steel container and for how long.
When to Rent
If you’re looking for a short-term solution, renting or leasing might be your best option. Many businesses choose steel storage containers when they need extra storage for a short time frame, such as when they’re moving locations or experience seasonal needs.
For example, retail stores and landscaping companies often have seasonal, short-term storage needs. Mechanical subcontractors who install electrical, plumbing or HVAC systems often need temporary storage that is safe to leave at their work site. They have expensive and cumbersome equipment that needs to be protected without having to cart items back and forth.
Some companies who choose to rent steel storage containers do so because they want to try out this option to see if it’s the right fit for them. They might not know the size they need, so they make an educated guess and work from there.
This helps to determine how much storage space is really needed without making a costly commitment. It’s easier to review your needs and move up or down a size when you’re renting vs when you’ve purchased your steel container outright.
Lastly, when you no longer need the steel container, Advanced Container will come pick it up on your behalf. You don’t have to worry about relocating it yourself or performing maintenance, giving you less hassle and hands-on involvement.
When to Buy
In many cases, it makes more sense to buy a steel storage container. This is the best option if you’ve already vetted your storage requirements, so you know the size that fits best. Also, if you’re using it for longer-term projects, it could be cheaper to buy it outright for a fixed cost instead of making ongoing monthly payments.
Buying your own steel container gives you the flexibility to modify it to your needs. Rental containers must be returned in its original condition, which can limit you on how you can use your steel storage container. But if you own it, you can change out the doors, build partitions, cut holes, install lighting, and tons of other mods. In this case, Advanced Container’s modification department can create a custom solution for your specific application.
For example, our 20-ft double door containers allow use of both sides, perfect for storing cars or making separate compartments. We also have open top containers and high cube containers that allow for more vertical space.
Another reason to purchase an industrial steel storage box is if your needs change, you can sell it to make back some of your investment. In some cases, Advanced Container will repurchase your steel container from you based on its amortized value over the course of your ownership.
Rent vs Buy Steel Storage Containers, it Depends
To recap, short-term rentals can be more cost-effective to a degree, but only if you’re unsure of size needs and don’t plan on using your steel container for long. Purchasing your own can be less expensive for long-term projects, especially if you have specific requirements for your steel storage container that the standard steel box doesn’t offer.
There is no single best solution when choosing to rent or purchase steel storage containers. Rather, focus on your big picture needs to guide your decision so you can deliver on current and future expectations.
At Advanced Container Company, we offer steel storage containers in many sizes to rent or buy so you can get the one that best fits your application. Reach out today and let’s explore your options!