Buying or renting: which is the better option for you?
Both renting and buying a steel container comes with benefits, so it’s important that you get the right solution for your needs. In this article, we’re taking a look at how to figure out your requirements so that you don’t waste money unnecessarily.
Benefits of Renting a Steel Container
Hiring a steel container can be a great option for many people. Depending on why you require the container, you may discover that buying is too much and that you don’t want to make such a big commitment and investment.
Cost-Efficiency
Renting a steel container helps you to cut back on costs. If you require a container for your construction site, for example, the initial cost of the product can be very expensive and impact on the overall profitability of your project.
This is even costlier if you end up buying a container you won’t need after a set amount of time. By renting, you can keep costs low and return the container once you’re finished with your project. One of the first things you should do when trying to cut costs is to get rid of unnecessary expenses, so it stands to reason you wouldn’t want to invest in a steel container if you didn’t absolutely require it.
No Need to Worry About It Afterwards
As mentioned, by renting a container, you can give it back once you finish a project, which means you don’t have to worry about where to keep it afterwards. Even if you know you’ll require a steel container a few weeks or months down the line again, you’re still better off renting because you don’t have to find a place to store the container during downtime.
Large Selection of Products
Another benefit of renting is being able to choose from a vast selection of containers to fit your needs. If you buy, you’re committing to a specific product but, by hiring, you don’t have to get stuck with a container that is no longer suitable for you.
For example, if you need a security guard hut for one project but then require an anti-vandal unit or a mobile welfare unit for another, it’s good to have the option of returning one container and hiring the other. If you decide to buy one, you’re stuck with it until you either need it again or you sell it.
Hiring Avoids Depreciation
And selling it can be another daunting task – finding a company or individual to buy it from you as well as someone who can lug it away can be a challenge and make you lose money, mainly if your used container may not sell for as much as you hope.
You’re unlikely to make back the money you paid for it initially, so it’s important to be certain that purchasing is right for you. You don’t have to worry about depreciation and losing money when you hire a steel container instead.
Benefits of Buying a Steel Container
Buying can be the better option for some people or for specific situations.
Do You Want to Customise the Container?
If you need to modify the steel container, such as adding shelving, then purchasing it might be the right solution for you. While we rent out several containers with many modifications already added to them, like insulation, seating and even disabled facilities, you may need a completely different set of alterations.
If You’re Going to Use it Often
If you are one hundred per cent certain that you’re going to get your money’s worth by buying a container, then you should choose this option. For short projects, it may not be the best idea but, if you’re a business owner who depends on storage or who needs a permanent toilet cabin on site, then there is no question that buying is for you.
Long-Term Storage Needs
Purchasing a steel container makes sense if you need to store items for a long period of time (or often). For example, a home renovation project can take a few years, depending on the amount of work to do, so, by buying the container, you can easily store equipment, tools and material inside without worrying about having to return the container.
In addition, it can be a lot more cost effective to buy a container than hiring one several times; these cumulative renting costs will add up and can end up more expensive than the price of a container.
Need Something Permanent for Your Business
If you want to open a pop-up shop, for example, or want to use a steel container for your business, then you should consider buying it instead. Any permanent additions to your business should be purchases, since you will own the container outright and won’t have to worry about hiring it again.
At Flintham Cabins, we provide high-quality steel storage containers designed to match all of your requirements, from electric fittings to seating, glazing and more. Just get in touch with your specifications and we’ll be happy to help you find the right one for you.
