Your goods require either transportation or storage yet you face challenges because different sellers provide different prices which makes it hard for you to determine your actual payment obligation. Sound familiar?
Cargo container prices exist as customized solutions which depend on specific needs of each customer. The cost of container storage becomes understandable only when business owners and import-export professionals and container storage seekers learn about its cost drivers. The essential information required for your understanding exists here.
Why Prices Vary So Much
Prices of containers vary on different factors. A used 20-foot container provided to a at a local port depot would cost different than a brand-new 40-foot high cube container delivered inland. These are different products at completely different prices, yet both get called a cargo container. The price of an item depends on four factors which include container size and condition grade and location and modifications.
Buying a Cargo Container: What to Expect
According to market conditions, prices of cargo containers are different.
- 20-foot container (used): $1,200 – $1,600 | (new): $2,000 – $2,400
- 40-foot container (used): $1,800 – $2,500 | (new): $3,200 – $4,500+
- 40-foot high cube container: Slightly higher than a standard 40ft. It has extra vertical space at a lower cost per cubic foot
- Customized units with insulated walls, passive solar design and entrance system cost more than $50,000, or beyond
Key Factors That Affect Cargo Container Cost
The final price of your order depends on multiple variables which need to be assessed.
- The container size options available for selection include 20ft and 40ft and 40ft high cube.
- The cost of new containers exceeds the cost of used containers because used containers provide better savings for customers.
- The delivery costs from the delivery location to the customer site determine the container prices which show lower rates for containers located near port cities and major logistics hubs because of their increased availability.
- The total cost of modifications ranges from $500 to $3,000 for refrigeration systems and insulation materials and custom door installations.
- Booking during off-peak months can cost you 10-25% lower reservation rates.
Bottom Line: Should You Buy or Lease?
Buying a cargo and its cost can never be an issue if you make decisions smartly. You can buy used containers for less amounts. Moreover, leasing is an affordable solution that meets your immediate requirements. Also buy during discount offers. The best choice for extended use and system changes and multi-modal freight movement is to buy equipment.