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Buying vs Renting : Storage Edition

Posted on: 02/03/2020
Fork in the Road Rent - Buy

To rent or to buy? 

This question seems to follow us through life. From homes and cars to boats and bikes, many of us have spent days, weeks, or maybe even years agonizing over this decision. 

While we can’t help you decide between renting or buying your dream car or apartment, we can point you in the right direction when it comes to storage. Wading through storage solutions can be stressful. Whether you’re trying to figure out a cross-country move or you’re looking for a unit to house your work equipment, if you’re reading this blog, chances are you’re a little stressed. Take a breath, grab a cold beverage, and relax. We have everything you need to get you through your storage unit decision-making process.  

We’ve been in this game for over 40 years, and we’ve learned a lot. One of the first questions our customers ask is, “So, how much does storage cost?” While the cost of storage unit rental varies based on the size, complexity, and duration of your storage needs, it’s almost always more cost-effective and convenient to rent a storage unit rather than to buy one. Here’s why:

  1. Show Me the Money: Storage needs are usually temporary. Maybe you want to store furniture and household items during a move or renovation, or you need a place to keep equipment on your work site. The bottom line is, most people require storage services for less than six months. 

    This brings us back to the question of “How much does a storage unit cost? vs. “How much does it cost to rent a storage unit? ” If you’re looking to buy a storage unit or container, you can expect to pay around $2,500 to start, plus delivery. If you only need the unit for six months, 20 ft containers can be rented for 130-140/month and 40 ft containers can be rented for 160-170/month. In these situations, renting is a much better deal. At Mobile Mini, most of our rentals are under $4-5 per day. At this price, if you use our unit for six months, you’re saving at least $200 or more each month. 

    Are you debating between renting or buying storage for your business? When you rent, things like insurance, maintenance, relocation (for jobs where you will move from site to site), and repair are built into your monthly expenses. When dealing with heavy equipment and an active construction site, you can’t always control what happens to your storage unit. At Mobile Mini, we worry about keeping your unit safe and intact so that you can focus on more important things.

    Winner: Rental

  2. Location, Location: Picture it. You’ve purchased a storage unit to stash away extra goods for your retail business during the busy holiday season. It’s February 1, and you have a large storage container sitting in the back lot. What do you do? It’s kind of an eyesore. 

    With Mobile Mini, you get much more than a simple storage unit; you get free delivery, pick-up, and even relocation services if you need them. This service feature means that you are never left with a unit you don’t want or need. 

    Once you place your container order, you can sit back and relax. Our team will get your unit to you quickly and safely, usually within one day of your order. After we deliver your unit, we will set everything up and answer any questions. When you’re done with your unit, just give us a call and we will pack it up, leaving your space looking as good as new.

    Are you placing an order for a construction project with multiple sites involved? Not an issue. We offer our customers  free relocation services. No, you’re not dreaming. Our team will come and move your empty unit to your next job site for you. This service makes renting much more convenient. If you buy, you’re stuck moving a heavy, cumbersome unit from site to site, adding more time and labor to your already packed schedule. 

    Our advice: rent. Leave the heavy lifting to us.

    Winner: Rental

  3. Safe and Sound: When you buy a storage unit, you’re on your own when it comes to keeping your stored items secure. To buy a top-end storage container, you’re going to be paying upwards of $8,000. 

    If you’re looking for a cheaper option that will give you the same quality and security as a top-priced unit, renting with Mobile Mini seems like a pretty smart move. All of our storage units and containers feature a patented tri-cam locking system. That’s a fancy way of saying that no one is getting into this unit without a key. No one. 

    Theft isn’t the only storage predator. Animals, storms, rogue lawn signs; it can be a dangerous world out there. Mobile Mini only supplies storage units that are made from the strongest industrial-grade steel. This construction makes our containers tamper and weatherproof. Wind, hail, sleet, snow, tornadoes, confused raccoons...rest assured that when you rent with us, your belongings are not going anywhere. With most rentals starting at $4-5 a day, renting means significant cost savings and access to some of the industry’s best and most secure storage containers. 

    Winner: Rental

  4. Keeping Your Options Open: When you buy a storage unit, you’re making a lifetime commitment to that one specific container. We are big fans of commitment, but in this situation, long-term isn’t your best bet. It’s better to keep things a bit more casual. Like most things in life, storage needs are not fixed; they tend to change over time. One year you might need to store large equipment that requires single-entry doors to easily get in and out. Two years later, you may find yourself with a bunch of heavy boxes and some oddly-shaped furniture that lends itself to a premium door with one-handed access. When you buy, you have no options and little flexibility to adapt to changing needs and situations. Renting gives you a whole lot more flexibility and choice. 

    Renting means that you have options when it comes to customizing your storage unit. We offer four types of doors that can meet any storage need. From large forklifts to small (yet mighty) records and boxes, we’ve got you covered. We also offer standard and extra wide units. This flexibility means that if your small storage need turns into something a bit more complicated, you can easily switch units and find the container that works for you. 

    Winner: Rental

  5. The Mobile Mini Difference: Outside of cost savings, security, transportation, and customization options, renting has one other big benefit: support. When you rent with Mobile Mini, you’re joining a team of award-winning customer service agents who are there to assist you throughout your rental journey. We are there to support you from rental to pick-up, helping you to assess your storage needs, answering questions about how to use our containers, and making sure that your unit is removed when everything is said and done.

    Winner: Rental

Conclusion: When it comes to storage, rentals win. They’re cheaper, easier to customize, more convenient, and come with support and a team of people to get you through your rental experience. Buying a new, state-of-the-art storage unit is an expensive and permanent decision that leaves you on your own when it comes to maintenance, repairs, and relocation. Renting offers you the flexibility of customizing and outgrowing units. If your needs change, you can simply find a new unit. If you realize that the unit doors or dimensions aren’t working, there are a team of people there to get you into a container that works for you.

Renting storage units accommodate the temporary and changing nature of most storage needs. The team at Mobile Mini can help you get into the right storage unit so you can get back to the more important things in life. 

Help Us Help You
Most people aren’t storage experts. Most of us don’t think about storage until we absolutely have to. When you rent with us, you have access to 24/7 support from a team of experts. This means that when you wake up with a burning storage question at 5 AM, you have people there to help. Contact us today and find out why we are considered one of the best players in the storage game.
 

 


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Affordable Modifications & Custom Features

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