Does your Container Supplier Buyback your Old Equipment? | LOTUS Containers

While buying shipping containers, do you ask your provider whether they offer a buyback facility or not? The buyback may seem foreign to most of us, but it is a kind of convenience container supplier company often tends to offer its customers.

What is Buyback?
Buyback is an option that enables a shipper or container owner to sell his used containers back from where it was purchased in return of a fair amount of money.

Depending upon the company, the policy may vary. Not every company offers buyback service but those who offer does not necessarily have the same means of conduct. While some companies like LOTUS Containers truly offers notable benefits. Their buyback not only applies to high-frequency seaports around the world, but in nearly every location.

When it has so much to offer, isn’t it worthy to hire a container supplier benefiting with such service?

Let’s take a look at the benefits you get when your container supplier offers buyback

1.Get Rid of Unused Containers: Containers are great until they are in use- whether you are using them for shipment or for keeping all of your important stuffs. They are durable and long-lasting but once the use is over, they become more of liability and less as assets. Every now and then the need to buy shipping containers arises and every day thousands of shipping containers are bought by shippers, industrialists, and freight forwarders to serve multiple purposes. No doubt, they use it for 10 or 20 years for whatever period required. But once they served their purpose, they are nothing but only burden.

To get rid of those containers you can contact various scrappage companies or other local dealers who would be interested in buying old & used containers. But they do not usually pay a fair sum against those boxes.

There you got to think- if you had buyback, you would not have to worry. With buyback, you not only get rid of your containers but also from the extra efforts made in searching a reliable buyer. All you need to do is place a request and your container supplier will reach your location to carry those sturdy unwanted boxes to their location.

2.Brings Money Back: Selling your containers to a scrappage company or some other local company may not give you a fair return. When you sell your boxes back to the supplier from where it was purchased, they pay you a fair sum in return. Depending on containers’ types and quality, your supplier will agree to buy shipping containers back from you. Although the final price to be paid is determined after running a 360-degree inspection in and out of the box. If the container is in average condition with minor dents and patches, he will more likely pay a worthy sum. Moreover, a company never discards its own containers whatever be its condition. They will reach your location and carry those containers to their inland location without letting you pay for the transportation cost.

3.Use it for the Required Time: When you know you have a buyback option, buying surpasses leasing in terms of cost. Generally. Leasing shipping containers tend to be 60% to 70% more expensive than buying, yet most people prefer leasing considering the flexibility and storage issue. In such a case, buyback lead as a problem solver.

4.You do not have to Pay for the Storage Space: Generally, what happens when you buy shipping containers and set them for shipment or any other work, after the completion of the project, you have to arrange its storage space. Either you can store them in the backyard of your house, warehouse, or you will rent space in a container depot. All this will some or the other way either takes up extra space from your yard, warehouse, or will keep drying your pocket in paying depot operators.

But when you buy back, you do not have to worry about their storage. Once the project is over, all you need to do is contact your supplier and place a buyback request. Next, it becomes your supplier’s responsibility to reposition purchased containers after paying you a worthy sum.

Buyback is of help for freight forwarders or industrial companies who can sell the containers to suppliers directly from their site and maybe construction site. I hope, the next time whenever you will need to buy containers, it would be from a supplier who offers buyback.