/24-7PressRelease/ - KANSAS CITY, MO, July 13, 2008 - Should you rent or buy a portable storage container for your business needs? In an effort to educate business consumers, the National Portable Storage Association (NPSA) is offering some straight talk answers on the pros and cons of each option.
"NPSA members sell and rent portable storage containers, and we often get questions about what is the best option for business consumers," said John Finnessy, CMP, Executive Director of the NPSA, a nonprofit membership association dedicated to the advancement of the portable storage industry. "The answer is: it depends. There is no one-size-fits-all solution, but there are guidelines to help business consumers make the best choice for their needs."
You may want to begin by checking with your accountant. IRS tax policy may encourage you to rent your containers rather than buying. You could be able to deduct the full value of the rental as a business expense, whereas you may be forced to deduct the cost of container purchases over a number of years. Renting also makes more sense than buying when businesses want to put less cash down or when containers are available at a more reasonable price from rental companies than from portable storage unit sellers. On the other hand, if a business is going to use the container to its useful life, it will most likely cost the company much less money in the long run to buy the container.
"When you make any rent versus buy decision, you need to crunch the numbers and keep in mind factors such as down payments, monthly costs, depreciation and, of course, taxes," said NPSA Operations Manager Joel Rathbone. "If the numbers work for you in the short- and long-term, then you'll be satisfied with the outcome either way."
For more information, visit http://www.npsa-us.org.
The National Portable Storage Association
The National Portable Storage Association is dedicated to the advancement of the portable storage industry. We at the NPSA are here to serve those in the portable storage industry who rent, sell or lease containers, trailers and mobile offices. The NPSA assists members with industry, regulatory and workforce issues; plus, offers members networking, marketing and legislative support at national, state and local levels.
PR Contact:
Jennifer LeClaire
Self Storage Promotions
954.454.0072
jennifer@selfstoragepromotions.com
http://www.selfstoragepromotions.com
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