If you are low in budget but highly need a shipping container, then it is preferable to rent it out. This approach is considered a cost-effective solution that can provide optimum coverage for your needs without causing any financial burden.
Below are some methods to ensure you get the best deal.
Determine Your Needs and Compare Suppliers
Before renting a container, determine for how long you will need the container. Suppliers may give discounts on more extended rental periods. Choose the size of the container based on your requirements. Bigger shipping containers usually have higher rents. Furthermore, decide if you need a new or used container. Used containers are generally cheaper.
After profoundly analyzing your needs, identify the type of supplier you want to deal with. If you rent shipping container from a local supplier, he may offer you lower delivery costs and flexible terms and conditions. National suppliers are generally expensive.
Understand the Costs and Negotiate Terms
It is vital to do a market analysis while renting a shipping container. Determine rates from multiple suppliers and use these to negotiate better rates. If you want to rent the container for the long term, inquire about discounts or seasonal deals. To avoid future inconveniences, inquire if insurance is included or if it’s an additional cost before renting the container. Clarify who is responsible for maintaining the container and if there are cleaning fees upon return.
You should know that apart from monthly rent, there are many other costs associated with renting the container. You also have to pay delivery and pickup fees, which are significantly based on the distance. If you are renting a shipping container from a known company, they may require a security deposit. It is refundable upon the container’s return in good condition.
Optimize Delivery and Pickup
It is better to choose a local supplier close to your location to minimize transportation costs. Moreover, local suppliers have flexible terms and conditions. Being flexible with delivery and pickup dates might reduce costs, especially if it allows the supplier to optimize their logistics.
Some suppliers offer rent-to-own options where rental payments contribute towards the purchase price of the container. This can be cost-effective if you eventually need to buy the container.
If you run a business, establish a partnership with a supplier for better rates. Some companies also offer discounts for referrals. If you know someone who has rented from a supplier, ask for a referral.
Cost-Saving Tips for Renting Containers
Apart from these, some other tips might help you reduce the cost of renting to a significant level.
It is better to rent during off-peak seasons when demand is lower. It will reduce renting costs. If you need multiple containers, renting them together can lead to better pricing. If cosmetic appearance isn’t an issue for you, opting for a container with minor exterior wear can be cheaper.
If you follow the instructions mentioned earlier, you will be able to rent a shipping container that will cater to your needs and work perfectly for you.