The great thing about IBC tote rental programs is that they allow you to enjoy all the benefits of having IBCs without requiring the capital to purchase the totes. Some of the problems this address includes:
- Special orders that weren’t anticipated
- Fluctuations in production
- IBC totes are not being used, which leads to wastage of space and money
- A reduced amount of capital is available
An IBC tote rental program that is properly managed offers the many advantages of IBC totes without needing the money required actually to purchase these totes. It is also a very simple and easy process, and it will only take you a couple of days to gain access to your rented IBC totes and not weeks or longer. There are many benefits of renting instead of buying these IBC totes, and we will now take a closer look at six of these advantages.
Helps To Conserve Money/Capital
With the rental program, you can almost immediately access the stainless steel IBCs without spending a lot of money. When renting, there is no downpayment, and the monthly rates are quite affordable. When you rent the totes, this enables you to use your company’s money for long-term growth or in any other way as needed.
Quick Results
The IBC tote rental program is very quick to set up, and it will only take a couple of minutes. This can allow you to gain access to and rent these totes in only a day. You don’t need to wait to save up the capital to buy IBC totes.
Get Rid Of Non-Working Assets
When renting the IBC totes, you don’t have to stress about having totes that aren’t fully used. If you don’t need the totes, you can return them when you’re finished using them.
Say Goodbye To Obsolete Equipment
Since you’ll be renting IBC totes, you don’t have to worry about owning totes that become obsolete. Due to renting, you’ll always be able to get IBC totes that use the latest technology and equipment. This is a huge advantage since when you buy an IBC tote, you’d likely be stuck with an outdated model after some time.
Flexible Budgeting
Renting stainless steel IBC totes saves you a lot of money and time in the long and short term. This essentially increases the productivity of your company while reducing the cost.
Tax Benefits
Renting the IBC totes is seen as a business operating expense that will result in tax benefits instead of buying the totes, which would depreciate.
