Storage Trailer Rental
Storage trailer rental is growing in popularity, turning into a big part of inventory management in a growing industry.
The rise of the e-commerce industry and a general scarcity of warehousing space are some of the factors that have pushed demand for trailers for storage. Now many companies, which would traditionally go for warehousing units, rent trailers to meet their storage needs and to handle reverse logistics.
And one big question is how has this affected renting or leasing costs?
How Much Does it Cost to Rent a Storage Trailer?
The cost of renting a storage trailer varies from company to company, and from location to location. Other factors that may affect the prices you pay relate to the rental period, the type and size of the trailer, and whether there are additional costs associated with the facility.
On average, storage trailer rental cost is between $120 and $250 per month. However, these are costs for storage trailers in the dimension range of 40ft, 48ft, and 53ft.
You can rent a smaller storage trailer for much less, also depending on the factors mentioned above. The costs of renting smaller storage trailers range from $60 for a 10-foot storage trailer to as high as $180 for 30-foot storage trailers.
How Much Does it Cost to Rent a 40-Foot Container?
Containers are specially designed steel boxes used in shipping and storage. Unlike trailers, containers have no wheels and can be stacked when loaded on a ship. Containers have become popular storage options for businesses looking to use the large storage space they offer. 20ft and 40ft containers are the most common sizes big companies use for storage.
To rent a 40ft container, you pay $175-$225 per month. These same prices apply to the larger containers, with slight variations depending on whether the container has been modified for other uses.
Comparatively, the average rental costs for a 10ft and 20ft cargo container are $80-$125 and $100-$150 respectively.
Apart from the 20ft and 40ft container sizes, companies also offer other container lengths that range from as small as 10ft to 53ft. For most businesses, it’s the larger sizes that offer the most storage space. These containers are also called “high cubes” and here you have the 45ft, 48ft and 53ft.
What Are the Dimensions of a 40ft Container?
The 40ft container comes in two different sizes: the standard 40ft container and a slightly taller High Cube.
Dimensions of a Standard 40ft container
- Length: 40 feet
- Width: 8 feet
- Height: 8 feet 6 inches
- Weight: 8,200lbs
Dimensions of a 40ft High Cube container
- Length: 40 feet
- Width: 8 feet
- Height: 9 feet, 6 inches
- Weight: 8,600lbs
How Much Does a Portable Storage Container Cost?
Portable containers come in various sizes, and costs depend on the size and the company providing the rental service. Companies like PODS and Go-Mini’s offer portable storage containers in sizes like 7ft, 12ft, and 16ft.
Most companies offering portable storage containers for a rental charge between $50 and $350 for smaller containers. The rental prices can, however, be as high as $500 depending on other factors like delivery costs and special additional features like insulation.
You might also want to check what it costs to rent portable storage containers before you go out to rent one.
How Much Does it Cost to Rent a Semi-trailer?
How much it costs to rent a semi-trailer should be your first consideration whenever you think of getting a semi-trailer rental service.
The average cost of renting a semi-trailer is $125-$250 per day. You could get one at a cheaper cost though, as rental prices may vary depending on a number of factors. Some factors to note are the rental service, the type of semi-truck and its condition (whether it’s new or used).
The average rental price for a 53′ trailer is $200-$250 per month. As for the 48′ trailer, companies often charge from $120 to $150 per month.
When is Renting a Semi-trailer Recommended?
It is recommended that you rent a semi-trailer when you only need it for a short while- let’s say a day or two. You can also rent when you cannot afford to buy a new semi-trailer or the costs of maintaining a used trailer is more than what you would spend on rental.
You could lease the semi-trailer, but lease contracts take into account a set period, fixed payment rate and require a down payment. Although rates may be cheaper on the face of it, it may be impractical for one who needs a semi-truck only for a few days. For instance, why would you pay for a one-week lease for a semi-truck that you only need to use for a day or two?
Renting a semi-trailer is not only practical for short term use; it often is a less costly option because you only use it when there is need.
How Much Does it Cost to Lease a Trailer?
According to Cost Owl, the average cost of leasing a semi-trailer is $1,000-$2,500 per month. New trailers cost on average $1600-$2500 per month to lease. If it’s a used semi-truck, many lease companies charge an average of $1000. However, depending on several factors again, the average cost of renting a used semi-trailer falls between $800 and $1600 per month.
Factors that may influence what you pay when you lease a semi-trailer are:
- Insurance and taxes
- How long you lease the semi-trailer
- The type of semi-trailer
- Size- 20ft, 40ft or 53ft?
- Customization costs
How Much Does it Cost to Lease a Flatbed Trailer?
The cost of leasing a flatbed trailer is, on average, $1,000 per month. However, the costs do vary depending on the leaser and the type of flatbed trailer.
For example, a new 53′ flatbed trailer will cost you $1,000-$1,350 per month to lease. Lease costs for a new 48′ flatbeds range from $950-$1,350. If you decide to rent instead of leasing a flatbed, then it might cost you between $200 to $350 daily and $500 weekly.
How Much Does it Cost to Lease a Used 53′ Flatbed?
For a used 53′ flatbed trailer, leasing prices range from $600-$1000 per month. These prices nonetheless can vary as companies offer discounts for longer lease contracts. You may also pay less for the flatbed if you return the trailer before the lease period expires.
What Should You Note About a Lease Contract?
Leasing and renting work almost in a similar manner: you take charge of a flatbed and pay to use it for a set period. However, while trailer rental is for short term, leasing contracts often are long term agreements.
In a lease arrangement, a company will set the lease term (the period you’ll pay for the trailer) and the payment (usually monthly). Most companies then specify the amount you should pay as a down payment. For example, a company may ask for a lease agreement of up to 36 months or 3 years and a down payment of $3,000.
You may back out of the lease contract before the lease term is up. However, this will require that you pay a pre-stated penalty for bailing out. You must read the fine print of that lease you are about to enter into and be ready to pay the penalty in case you need to break it.
If you would like to own the trailer, you can go for a lease-to-own agreement. Lease-to-own contracts include a buy-out price, which is the amount of money you have to pay if you wanted to own the truck when the lease period ends.
How Much Does it Cost to Buy a Big Rig?
The average cost of buying a new semi-truck or big rig is $100,000-$195,000. However, the costs may range from as low as $70,000 depending on the model and company selling. If you are looking to buy a used semi-trailer, average costs can be anywhere from $15,000 to over $100,000. The final costs for pre-owned semi-trucks depend on whether there are additional costs on repairs and such other details.
How Much Does it Cost to Buy a Used Cargo Container?
Cargo containers work for everyone- large businesses, retailers and even homes. The increased use of cargo containers means that many people want to know what it costs to buy one. Well, the costs depend on sizes and location as well as if there any other adjustments or modifications.
The average cost of buying a used cargo container is as follows:
- 10 ft container – between $1,000 and $1,800
- 20ft cargo container- from $1,600 to $2,500
- 40ft cargo container- from $3,000 to $5,000
If you choose to go for new cargo containers, prices may range from $1,750- $2,500 for a 10ft container; $2,800 to $4,000 for a 20ft container and $4,500 to $5,500 for a 40ft container.
Why Should I Choose a Storage Trailer Rental Near Me?
Renting a trailer from a company or rental service near you has some advantages.
When you choose a local company, you have the opportunity to go check on the trailer before agreeing to rent it. You get to inspect the trailer and assess whether there any structural damages that may affect storage.
You are also likely to save on the overall costs of a storage trailer rental. While providers from far locations may still offer better options, their rental rates may rise considerably if delivery and pick up fees are factored into the overall costs.
Notably though, whether it’s a company near you or not, you need to ensure they are a reputable provider. You could also use individual sellers on eBay or Craigslist. But make sure you know who you are dealing with and have documentation if possible. Don’t work with the assumption that pictures don’t lie.
What to do When Looking for Storage Trailer Rental?
There is a huge demand for storage trailers and containers. What this means is that if you cannot buy a trailer, then you probably will need to rent or lease. But how do you go about it to get the storage trailer rental that is right for you and at the right costs?
Determining that you need to rent a storage trailer is just one part of the whole equation. Here is what else you can do:
- Search online or near you and find out about the service and reputation
- Compare costs
- Contact the rental provider(s)
- (Where possible,) physically examine the trailer
- Ask about other hidden costs
- Request for discounts
The use of storage trailer is increasing because other than the need for storage space, these trailers can be moved from one location to another. You can acquire a trailer for storage by buying, leasing or renting. If your storage needs are occasional or short term, renting a trailer is a cost-effective approach.