Shipping containers are versatile structures that some people turn into homes and retail stores. Outside of recreational use, shipping containers store freight and make the transportation of shipments a lot easier.
Fulfillment and warehousing companies can load up shipping containers and distribute them. However, these containers come at a cost. We’ll detail how much it costs to buy a shipping container.
How Much Are New and Used Shipping Containers?
New and used shipping container costs vary based on several factors that we’ll discuss extensively. However, most new shipping containers will cost between $2,800 and $7,500. Used shipping containers typically range from $1,200 to $4,500.
Should I Buy or Lease a Shipping Container?
This decision depends on how often you use each shipping container. Shipping these containers overseas incurs even more expenses. It will also take longer for carriers to obtain their shipping containers, meaning you’ll be responsible for more rent payments.
Buying a shipping container requires a significant investment, but it makes sense for businesses that rely on shipping containers for their freight. If you don’t use shipping containers often, renting them instead of purchasing them will make more sense for you.
Renting a Shipping Container
Monthly rent payments depend on the shipping container’s features and condition. Most fulfillment centers can expect to pay between $75 and $500 per month for their container.
Renting will increase your demurrage and detention payments. Carriers can charge you even more in order to cover these expenses.
What Is the Lifespan of a Shipping Container?
Most used containers last anywhere from 10 to 12 years. However, a well-maintained shipping container can last up to 25 years.
Range of Container Prices
When it comes to pricing, there is a lot of variances. For example, 20-foot containers can start at $2,000 per container while 40-foot containers can start at $4,400. Specialized containers, like reefers, tend to cost even more. For instance, a 20-foot reefer can start at $6,000 or more.
What Should I Look For When Buying a Shipping Container?
Buying a shipping container offers many perks. However, buying your own is a significant investment. Review these factors before investing in a container for your freight shipping needs.
One Trip
One trip containers are the closest you can get to a new container. These shipping containers cost the most but are also the most durable.
Cargo-Worthy
Cargo-worthy shipping containers are containers that cost less than one trip shipping container. These used containers fulfill the basic checklist items, such as no holes or leaks. These containers function fine but have lower shelf lives than one trip container.
Winder & Water Tight
Winder and water-tight containers are older than cargo-worthy containers. These containers are the most affordable and promise the same basic checklist items as cargo-worthy containers. The one caveat is that these containers won’t last on the cargo ship. Don’t buy this shipping container if you want to send it overseas.
How Are Shipping Container Costs Calculated?
What goes into shipping container costs? We’ll discuss vital factors that influence how much it will cost to buy a shipping container.
Delivery
Sellers will pass delivery costs onto the buyer. Fulfillment centers and warehouses in hard-to-reach locations will cost more when it comes to receiving shipping containers as well.
Location
Your geographic location will impact your shipping container costs. Some locations have a low supply of containers, so sellers in these areas will charge higher prices for their shipping containers.
Size
Larger shipping containers can store more freight, making them more valuable. Most warehouses and fulfillment centers choose either 20-foot or 40-foot shipping containers. Assess your company’s needs so that you can pick the right size for you. While a 20-foot will cost you less, some distributors need the extra space that only a 40-foot shipping container can provide.
Age
Older containers cost less because of their reduced shelf lives. These containers can last for a long time regardless, though their life will depend on how often you use the containers.
By not using the container as often as the previous owner, you will extend its shelf life. When one container becomes unusable, you can buy a similar one. This strategy can save you a lot of money as opposed to purchasing a new, one-trip shipping container.
Customization or Modifications
Any customizations or modifications that are made to a shipping container will increase the total price of the shipping container. The total costs can rise significantly depending on the add-ons.
Some distributors require add-ons to support temperature control, while others offer a different array of customizations. Come up with a list of customizations you’ll need for your shipping container before making a purchase.
Condition
New containers offer the most durability. However, these containers come with higher prices than containers that have been used already. While you can find great used containers, some distributors will offer new containers instead, which is better overall.
Quantity
Shipping container sellers want to sell as many units as possible. Each container takes up precious space, and they’ll encourage warehouses to load up. Buying more containers increases your total bill, but you’ll pay less per container. If you need multiple containers, consider saving up for a big purchase instead of buying them one at a time.
Permitting Fees
Permitting fees are hidden costs that can add up quickly. Warehouses have to pay these fees to obtain their shipping containers. Consider these fees when planning your budget. You won’t usually find them on a container’s sticker price, so be sure to ask about any potential fees.
Deliver More Freight with Shipping Containers
Shipping containers help you deliver more freight. Warehouses can store freight in containers while waiting for the ships to arrive. Savvy buyers who understand their objectives can save money on these containers while effectively serving customers.
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