Should I Rent or Buy a Trailer? Trailer Shopping Tips

Don’t know whether to rent or by the trailer you need? Read on for answers and tips!

Did you just realize your hauling needs require a trailer? And now you’re faced with the decision: Should I Rent or Buy the Trailer I need? 

There are many reasons to choose either option, and they are entirely dependent on each individual’s unique hauling needs. If you are currently weighing the pros and cons of renting versus buying an open utility trailer, enclosed cargo trailer, box trailer, or car hauler…Keep reading for our expert’s tips to help you make the right decision for your needs!

How many times will you use the trailer?

Consider all the ways you may need to use an open utility trailer; or all your potential needs for an enclosed box trailer…Do you need additional storage space for your furniture or sand toys? Will you have a need to use the trailer for business? How many miles will you need to drive the trailer?

If you are moving and will need a trailer to move your stuff from California to Florida, you may think your one time need for a trailer warrants a trailer rental instead of a purchase…However, this is not the most cost effective approach! Many trailer rental companies charge by the mile, so your trailer rental could end up costing half the purchase price to own it! Meaning you’ll have paid for half of that trailer, and then have to return it with nothing to show for all that hard earned money you’ve spent!

Trailers Hold their Value making them an Excellent Investment!

Unlike a new car that has a sticker value that seems to lose a few thousand dollars the minute it’s driven off the lot, trailers hold their value maintaining their resale value when it comes time to sell. Also unlike cars, trailers do not have a “Blue Book”, so good condition used trailers tend to be closely priced to new trailers. What this means for you as a potential buyer is if you choose to purchase the trailer, and you take care of it, you will be able to sell it for a fraction under what you paid! Making your total investment cost less than a rental by the time you’ve sold it!

If you’ll be needing a trailer regularly (even if it’s just once or twice a year) then buying a quality trailer is definitely the way to go. Investing in a quality trailer—whether open utility or an enclosed cargo trailer—will reward you with fewer headaches caused by maintenance and repairs on a “cheap trailer”, and you’ll avoid paying double the trailer’s value in rent with regular rental fees!

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Trailers are very versatile…once you own one you’ll be surprised at all you haul!

When should you rent a trailer?

If you only will need a trailer for one day for a project, and do not want to be bothered by storing or selling a trailer you rarely need then renting will likely be the cheapest, and easiest option for you.

Learning to Spot a Quality Trailer

With its low cost of ownership (affordable state registration and insurance options) a trailer is an excellent investment that maintains its value  when it is built by expert engineers, using high quality materials; but when that quality is compromised for cost that means more hassle and headache for you as the owner!

Read our previous blog post: A Business’s Guide to Buying a Trailer: What You Need to Know Before You Start Shopping for Shopping Tips that will help you discriminate between the cheap and the quality trailers currently on the market.

Ready to Buy a trailer today? Shop Norco Trailers Southern California Inventory of the Highest Quality Trailers… We currently have over 300 Trailers Available for Purchase!

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6 thoughts on “Should I Rent or Buy a Trailer? Trailer Shopping Tips

  1. I appreciate the advise that trailers hold their value. I assumed trailers were like cars and depreciated in value substantially the moment it leaves the lot. I’ll definitely keep your tips in mind the next time I’m wondering whether I ought to rent or buy a trailer.

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  2. It’s a common misconception Baxter, I’m glad we could help shine the light on a little known trailer industry fact. We’re in support of a trailer purchase any time it makes sense for our customers, but sometimes a rental is a better route for an individual. We’ve learned in the many years we’ve been selling trailers in Southern California that Everyone’s hauling needs are so unique, and virtually everyone has some need for a trailer at some point. Happy hauling!

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  3. My family is really big into going out and riding dirt bikes on the weekend, we just need to find a trailer to help us get there. I am just curious on whether or not if we need to just buy one or just renting one during the summer months. It’s good to know that since we will be using it more then just once then we might just want to purchase so that we will actually get our moneys worth from it. That’s something that we will really want to consider when it comes to making our final purchase. Thanks for the help!

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  4. This is exactly the article I needed. I’ve been wondering about renting or buying a trailer. We need to move a bunch of stuff for the farm. Now I know I need to go for high quality so it will maintain its value. Thanks!

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  5. I like that you mentioned how it would be a smart idea to rent a trailer if you are just to use it in a one day process or have no place to store and maintain it. I was thinking of getting a dump trailer rented since we have accumulated quite a lot of extra materials and junk in our home construction project. I’ll try to find a reputable service near our place since as you’ve said it would be better than buying for a one time use. Thanks for the informative article on whether to buy or rent trailers!

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  6. I really appreciate your tip on how a lot of trailer companies will charge you by the mile for your trailer! My wife and I are thinking of getting a new house, and we want to move with a trailer so we can save some money on a moving company. I will be sure to tell my wife that we should try and find a trailer company to help us move, and we will be sure to budget enough money for the by-the-mile pricing.

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