What’s Best for Your Business?
Bunded storage is essential for a wide range of materials. If you are in need of it on your site, one of the first decisions you will make will be whether to rent or buy your storage. While renting might appear to save you money at first, buying your bunded storage solutions is often the better choice. Here is why it makes sense to own your storage outright.
Better Value Over Time
When you look at the price of hiring a bunded storage container on a weekly or even monthly basis, it does look very affordable. However, those costs can stack up fast. If your storage needs stretch on for more than a few months, you will likely have spent as much on hire fees as you would have done on making an outright purchase. Buying your storage means you can quickly get back to spending your money on other areas of your business, without any long-term commitment.
Always There When You Need It
When you own your storage, you never need to worry about it being available for you to use. There’s no telling whether a company will have the storage you need in stock, especially if it is something more specialised like bunded chemical storage. When you own your own, you will be able to access it whenever you need it, with no waiting for something to be in stock and then be delivered. You’ll also be able to ensure that your storage is always up to specification, giving you peace of mind.
Better for Ongoing Operations
If your site has a permanent need for bunded storage, for example, if you are storing fuels or chemicals that there is a constant need for, then buying your storage just makes a lot more sense. Once the storage is in place, you can make it part of your long-term plans, training staff on how to ensure that it is used safely and that your site layout is suitable. This is a much more sensible option than worrying about return deadlines.
The Downsides of Hiring
Although hiring is a really great option for many businesses, there are some downsides that you might not be aware of. Some of the unexpected costs of hiring your bunded storage can include:
- Charges for damage, even if it is wear and tear that can’t be avoided
- Delivery and collection fees at either end of the hire period
- Delays if your storage has an issue and needs to be replaced
- Training costs for equipment that your team aren’t used to each time
Buying reduces many of these risks and lets you train your staff and establish processes that are built around your own equipment. This will save you time and money in the long run.
Buying is Best
While hiring bunded storage is great for short-term or one-off needs, buying is a much better solution for most businesses. So why not get in touch with a trusted provider today?