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. 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…

Are you ready? CIMC-Equilink provides shipping container renting and purchasing services, Our 40 feet container price , 20 feet container price and iso tank container price 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.