Buying vs hiring your storage container in 2022

The pros and cons of hiring a storage container for business 

Whether for business or personal use, hiring a storage container could positively impact your project in several ways. But how do you decide whether buying or leasing your container is the right way forward? Let’s look at the positives and negatives of hiring a container for business or personal use. 

As you can see from the table above, the pros and cons of hiring your storage container pretty much balance each other out. Hiring a container is the perfect solution for those who are managing short term projects, for example, housing developments or building work. 

Hiring is also beneficial if you don’t have the funds to purchase a storage container outright. But hiring has its limits, and the container may not be available to you forever. You will also be liable for any damage that happens to the container, and if you are continuously extending your lease, this may end up being a costly venture. 

The pros and cons of buying a storage container for your business 

Now that we have looked at the positives and negatives of hiring your storage container, it is time to look at the benefits of purchasing.  

Much like hiring a storage container, there are, of course, pros and cons to the purchasing of one. Owning your storage container means that it is yours to do as you see fit. You can modify and change your shipping container to suit your needs. 

Purchasing a container could also be more cost-effective than hiring one, depending on how long you plan to use it. However, the upfront costs could be more of an investment, and if you later decide you no longer need it, selling it could be a challenge depending on the market. 

Weighing up your storage container options 

So, now that we have looked at the pros and cons of your storage container options, it’s time to consider whether one choice is better than the other. This, however, is a difficult question to answer as the reason businesses use storage containers can vary greatly. We have taken a look at the most popular reasons why storage containers are used and tried to come up with a suitable hire or purchase answer based on these: 

Building projects – whether you are a one-man band or a large building company, having the addition of a storage container on site that protects your tools and gives your team somewhere to shelter from adverse weather is a great option. As this is what you do for a living, you are likely to have projects that run one after the other. Purchasing a storage container in this instance is a safe option.

Seasonal storage – are you storing your seasonal items to make space in your office or home? If so, it may be more cost-effective for you to either hire a container or use onsite storage facilities as your container may not need to be accessed often. 

Long term storage – it can be a struggle to run out of room in our homes or offices but not have the capacity to move to a larger building. In this instance, a storage container could act as an extra room for you to store those bulky items. Purchasing a storage container that you can have either at the bottom of the garden or next to your office block is an excellent way of freeing up space. 

Office extensions – need extra room for your staff members, either short term or for an extended period? Jennings Containers have a range of 20ft office containers perfect for supporting your growing staff team. Depending on how long you need the space for, renting or purchasing are great options. 

Site offices – much like our building project point, for large sites that need the support of onsite project managers and administration staff, purchasing an office container will assist in keeping things organised on your site. This office container can move with you from project to project and will ensure that all your documents and managers have a place to work. 

Storage container homes – growing in popularity are container homes. More cost-effective than building a home from bricks and mortar, many opt for the protection and safety of corrugated steel and iron. We think this one is pretty obvious – if you plan a container home project, always purchase your containers from a reputable storage container supplier. 

This may also interest you: 

Five benefits of an environmentally friendly container company

Use containers for schools to maximise your learning space

The future of shipping containers as a tiny home project

Jennings Containers supply storage containers for hire and purchase

At Jennings Containers, we have a straightforward motive – keep it simple! We support various clients from universities to retail parks and construction companies to homeowners who need to purchase or hire great quality storage containers without the hassle of long term commitments or hidden costs. For this reason, along with our attention to detail and excellent customer service, it has kept us as a successful container business for over 30 years. 

If you are looking for a storage container you can rent or buy, look no further than Jennings Containers. Our trusted team are on hand during the day to handle any questions or queries you may have, and you are welcome to visit our storage facility at Monument Park, where you can see our containers first-hand. We look forward to seeing you soon!