31 Oct Leasing vs Buying Reefers: Key Factors to Consider

Logistics is the lifeblood of any business and reefer containers play a pivotal role in ensuring the successful transportation and cool storage of several products. Unfortunately, many establishments and businesses find themselves navigating reefers blindfolded which can lead to investing in one that isn’t used often or renting when purchasing is the more affordable option for your long-term needs. The leader in customised container conversions, Absolute Containers guides you through the labyrinth of leasing vs buying reefers.

Weighing the Options: Leasing vs Buying Reefers 

Renting a refrigerated container undoubtedly presents a more economical option than buying one outright. However, the long-term viability of ownership depends on the frequency of use. Purchasing one may be more cost-effective, especially if your business interests rely heavily on reefers. For you to make an informed decision, let’s take a look at the considerations when it comes to leasing vs buying reefers.

Why Renting Makes Sense

• Reduced initial outlay – Renting provides you with a lower upfront cost, making it more appealing if the reefer is only needed briefly or if you need to operate within a certain budget.
• Enhanced flexibility – You can select the size of the container that best aligns with your requirements. The option of returning the container also cuts down on the hassle of trying to resell it.
• Maintenance and repairs – Upkeep and repairs to the reefer are up to the rental company, sparing you additional financial costs.

Bigger Businesses Should Consider Purchasing

• Long-term financial advantage – While upfront costs for buying may be substantial, the long-term financial benefits are well worth it. You can save on rental fees over time and as a valuable asset, you can resell the reefer if it is no longer needed.
• Customised solutions – You can tailor the reefer to suit your specific requirements, such as adding extra shelving or incorporating enhanced insulation
• Complete autonomy – Buying a reefer container means that you have complete control over its upkeep, maintenance, and repairs. This eliminates your reliance on the leasing company for timely maintenance, guaranteeing that your reefer is in optimal working condition at all times.

How to Choose Between Leasing or Buying Reefers

Think carefully about how often the reefer container will be used. Assuming a five-year timeline for transporting and possible storage of items, if the reefer is anticipated to be used five times annually for the duration of this period, buying one presents a more economical and convenient solution. If the intended use of the reefer is for temporary transport or short-term cool storage, the need for prolonged usage is likely minimal. In such instances, leasing is a prudent decision as you are spared from high upfront costs, storage fees, and unnecessary maintenance.

At Absolute Containers, we offer you the choice of renting or purchasing making the decision on leasing vs buying reefers that much easier. For expert advice, professional service, and further guidance, contact us. We are waiting to hear from you.