If you live or work in Grand Rapids and have been on the hunt for a 20 or 40-foot shipping container, you may wonder: should I buy new or used? While buying used is good for certain situations, buying new is a smart decision in many scenarios. Here are some of the top benefits of buying a new shipping container in Grand Rapids, the county seat of Kent County, and a community that’s situated along the Grand River.
You should buy new shipping containers because:
1. They Are Ready to Use
Brand-new containers are in seaworthy condition, which means they are already prepped to be loaded and then transported overseas with no need for maintenance, repair or cleaning. It’s like buying a new car – you’re the first owner!
2. They Have a Lower Long-Term Cost
You will spend more to buy a new shipping container, to be sure. But over time, you will recoup your investment. If you rented the container, you would be faced with monthly payments that add up over time.
Generally, if you think you will have to rent a container for more than 18 months or so, it’s probably better to just buy it.
You should rent a shipping container if you have never used one before and are thinking about a custom build to see if it works for your goals, says Medium.
3. They Come With Many Options
With used or rental containers, you’re limited to which sizes are available at any one time. With shipping containers for sale, you have your pick of sizes and options.
4. They Can be Modified
Buying a shipping container helps you to retain control over setting it up exactly as you want it. You can implement modifications to improve security, increase functionality, or boost visual appeal. It’s easy to customize your container any way you see fit when you own it outright. You can’t do that with rentals.
5. They Have Residual Value
With rentals, there’s no benefit of residual value. At the end of the rental agreement period, you have to return the unit and stop your monthly payments, which translates to a sunk cost that you cannot recoup. Think of this like buying a home vs. renting an apartment. Buying a home is an investment that helps you build equity. When you rent, you are just paying the mortgage for your landlord, and you are no closer to owning your own property.
When buying a new shipping container, you have the option of selling it later at residual value. Did you know that shipping containers retain their value even a decade after they were initially purchased? With good care, some last 30 years or more. In the end, buying new is just a smart investment opportunity.
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If you are interested in purchasing a 20 or 40-foot shipping container in Grand Rapids, the second most populated city in Michigan after Detroit, get in touch with us for a free quote today.
