Lease Shipping Container or Buy?

Lease Shipping Containers vs. Buying

Many people understand the benefits of buying a new or used shipping container, but they are often confused about whether to buy, rent or lease one.  Here are some things to consider during your decision-making process.  

1. It’s Cheaper In The Long Run To Purchase

If your need is less than 30 days or for a special event, you might consider shipping container leasing, but if plan on keeping it for a year or more the decision can be a little trickier.  Lease contracts can be signed for a longer time frame.  Whether you rent or lease, it is your financial responsibility if you damage the container.  But in the long run, you could have purchased the container and it would have been less expensive.

2. You’ll Have More Flexibility

When you purchase a shipping container, you have the option to customize or modify it to your liking. So besides using it for storage you can add shelving, and lights or make it into a tiny home.  When working with a shipping container leasing company, you can basically use it for storage only.

3. Tax Benefits for Purchased Shipping Containers

Purchased containers are business equipment that may qualify for the equipment depreciation tax deduction. Always speak with your tax professional before making purchases with future tax benefits in mind. 

4. Make Money By Renting Your Container

A good way of making some extra cash is to rent out your purchased shipping container to other small businesses or residents when it is not in use. You can make anything between $40 and $200 per month depending on its size and condition. This way, you can recover all the money you spent on buying the same in a really short time and can gain profit thereafter. You can also modify the containers into office spaces or shops.

4. Sell It

If taken care of, Containers typically hold their value, unlike cars that put on milage.  If you are done with the container, you can easily list it on a local online community. 

Call An Expert For Help

Now you know the benefits of buying a shipping container vs. renting (leasing). To learn more about what to look for in a reputable shipping container seller, visit our blog post (insert link).  Container Sales Group 708-639-4183

Leave a Comment

Your email address will not be published.