Are you hesitating between buying a storage sea container or renting containers in Montreal? Which option will be the most advantageous? Which option will be the most valuable to you? If you are looking to answer these questions; you are in the right place! We will be discussing the topic more deeply below so that you can decide on an option for your business; either rent a container or buy it.
The 6 main reasons behind renting a storage container instead of buying it.
Reason # 1: Better productivity
If you buy new shipping containers instead of choosing the container rental option, then be aware that you are going to incur enormous investment costs.
In fact, investing in such expenses turns out to be a viable option only if you need it for the long term (more than 4 years).
This is an important investment that will impact your cash flow, which may cause great problems when you run out of working capital.
On the other hand, renting a sea container will allow to minimize immediate expenses, and therefore, allowing you to invest in other commercial purposes.
As for third parties handling the container rental service for clients, it becomes easier for them to charge the actual expenses as a component of a large-scale project, such as a construction project.
If a company chooses to purchase a container, it may be a great option to rent it. In this case, the rental value will have to be determined based on the estimated value of the container.
The company will also have to consider other aspects such as depreciation when calculating the rental value, resulting in additional work.
Reason # 2: Lower risk in terms of civil liability
If a sea container is rented, the owner will inevitably have to assume civil liability in the case of any damage caused by or to the container. When purchasing a container; all civil liabilities and legal obligations will be on you.
In addition, when you choose to rent a container, the responsibility for its maintenance and safety will be on the owner and not on you.
If you have a small business, this element will be of great importance, allowing you to reduce the expenses related to certain tasks, such as painting the container on a regular basis, preventing any rust and repairing of the container parquet.
Reason # 3: Much more flexibility
Most likely, your business hours will change, therefore, opting to rent the container in Montreal offers the flexibility to change the containers to suit your needs.
Thus, the rental option allows you to make a choice that perfectly suits your current needs without feeling restricted with the size options.
You may also be able to rent newer models of containers to help refresh your business image.
This flexibility is not available when you choose to purchase a container.
When you no longer need the container, the buying option will leave you stuck with a container that you now have to sell and finding a good buyer is not always as easy as it seems. On the other hand, the renting option allow you to have piece of mind when it comes to disposing of the container.
Reason # 4: Compatible with short-term storage needs.
Buying a new container represents quite a large investment and it is not a smart choice when you are dealing with short-term storage requirements (under 2 years).
The option of renting a shipping container gives you the flexibility you need without hampering the smooth running of your business by putting pressure on it through assets that do not add value to your business.
Reason # 5: Easier to move
In case you have planned to move your container to different locations, renting a container will for sure be the best option.
The reason behind this is the fact that when a container is purchased, it is the buyer’s responsibility to look for a truck or to use a service provider to transport and move it.
In this case, shipping a container that you have purchased will cost you too much compared to the rental option.
Furthermore, many companies that rent containers also provide the service of moving and transporting the container, which means less stress for you.
Reason # 6: Suitable for businesses that are customer oriented.
The nature of the intended use of a sea container will determine whether you should buy the container or rent it.
For example, if you have a business that is customer oriented, then the container you use should appear in good condition in order to give a positive image of your business.
On the other hand, if the container was used for transporting merchandise across the country, then its look will not be important.
For example, if you were planning to, temporarily install a mobile store inside a container, but you did not have the necessary resources to maintain it, the option of renting a container would therefore be the best. This option will provide different alternatives to choose from and it will also allow you to ensure a better presentation of the products to your customers.
By renting a container, you will be guaranteed to have a newer model and in better condition.
Conclusion
From the elements described above, it becomes noticeably clear that there are several advantages to the option of renting a container in Montreal, compared to the option of buying.
In fact, not only will you be able to save considerable amounts of money, but also, you will not have the responsibilities that comes with the ownership of a container.
If, at any point, a container is damaged, you can simply rent a new container instead.
In addition, you will have less civil liabilities since you do not own the container, and this will be the responsibility of the company that owns the container.
Therefore, if you were going to use a sea container, then renting it will be a better option than buying it. It will be more beneficial on several levels and it will help you increase your productivity without having to deal with the headaches of owning a container.
