Shipping Container “rent-to-buy”

Confused about buying and renting shipping containers? There is a third way out! Understand the process, benefits and alternatives of "rent-to-buy" shipping containers.

You may be hesitant to buy or rent shipping containers without knowing what your long-term needs are. Short-term demand is certain, but you may not be able to predict whether demand will expand in the future, which is why choosing between buying or renting a container can be a difficult decision.

So a special rental contract can get you out of trouble. Rent-to-buy is a cost-effective option when your long-term needs are uncertain container parts. Read on to learn about the Rent-to-Own agreement:

Rent-to-Own (ROT)

Depending on your shipping needs and resources, you can find a wide range of container rental options. Some common ones are:

Flexible rent (variable term)

Long-term rent (5-8 years)

Short-term rental (for more than 6 months)

One way rental

Rent and then buy (financial renting)

However, you might be wondering…

Best time to buy or rent a shipping container

The main factors you need to consider before deciding whether to buy or rent are:

Period of use

Shipping container usage type

Shipping container Maintenance Fee

available budget

Before making a decision, ask yourself:

How long and how often?

One-time use? How many months? or more than a year?

For short-term needs, renting is the best option

If it is a long-term demand and the future demand is unpredictable, consider buying

Because eventually the sum of rent and interest will exceed the actual cost

Why do you need a sea container?

Have a retrofit or custom size?

If yes, buying would be the better decision as renting may have restrictions on modifications and dimensions

Time and resources for container maintenance?

If yes, consider buying

If negative, it is recommended to rent

Is there a budget to maintain the container?

Buying and maintaining a container is quite expensive. If financial conditions allow, it is recommended to buy

Renting is the better option if money is short

Both buying and renting shipping containers have their own advantages, here is a comparison of the two:

The pros and cons of buying vs renting…

Advantage

1

Full ownership

Take on less maintenance responsibilities

2

Transform the container however you want

Upgrade/downgrade at any time

3

More size options

Less upfront investment

4

Cost-effective for long-term use

Cost-effective for short-term use

5

High resale value

Low rental cost

Possible Situations

Buy

Rent

1

The premise is that you need a place to store

Need a container but don't have enough funds on hand

2

Some containers are required to store and transport the goods

Demand changes and demand for containers increases

3

Need to be transformed or converted to other uses

Uncertainty about the development of long-term needs

4

Containers are needed frequently and indefinitely, but not too much

Are you ready? CIMC-Equilink provides shipping container renting and purchasing services, Our 40 feet container price [3] , 20 feet container price [4] and iso tank container price[5]  is very affordable, and has inventory containers in major cities and ports around the world which can be delivered directly. If you have any inquiries about containers , please email us(info.equilink@cimc.com), and you can also log in to our company website for more information.

Next article we will continue the specific process and timing of “rent-to-buy” Please be sure to pay more attention to CIMC-Equilink, we will bring you valuable information.