Three Things To Consider When Buying or Renting a Trailer
Buying or renting a trailer both come with their own considerations. Each route has its own costs associated with it as well as its own responsibilities. There are three main factors you will need to consider before you choose to do either. You will want to consider the purpose of your trailer — what will you need it for and how often will you use it? You will want to consider the financial aspects at play. Would paying a large sum on a trailer for sale in order to have your trailer available at any given moment be worth it? Perhaps choosing a trailer for rent would be worth not having to store the trailer when not in use. Lastly, you will want to consider the maintenance involved as this is one area where your responsibilities will be vastly different. Here we will explore these considerations and point you toward trailer dealers near you.
Purpose and Usage
Start by deciding what it is you need your trailer for. Do you need a standard hauler to move anything under the sun or do you have a specific task in mind? The more specific the need, the more likely it is that you will be better off buying — especially if this is a task you will be repeating throughout the year, such as dumping or hauling vehicles. This is doubly true if you plan on using the trailer for a commercial enterprise. The effort of going back and forth for a rental might not be worth your time if you will need a trailer for your business. If you have a general need that only arises occasionally, renting a trailer might be the way to go. That way you are able to mitigate your financial commitment while still getting the job done.
Financial Implications
As we’ve already mentioned, trailers are a significant financial investment. Trailers for sale will set you back a few thousand dollars whereas trailers for rent will only set you back the rental fee and possibly a deposit. This is where the frequency of use will be a major factor in determining whether you should rent or buy. Another piece to consider is if you have the savings to buy a trailer or if you will need to finance the purchase. If you are considering financing a trailer that you will not get much use out of, renting might be the better option for you.
Maintenance and Storage
The final aspect you need to consider is how much of the maintenance you want to be responsible for. Obviously, when renting a trailer, any damage is your responsibility. However, the general maintenance of the trailer is not. You should be able to trust that the trailer you have rented is in proper working condition with operating tail lights and fully inflated tires. All you need to worry about is returning it in the same condition.
If you were to purchase a trailer, not only would the maintenance be your responsibility but storage as well. At the very least, maintenance will be an additional cost over the lifetime of the trailer and you could find yourself paying to store it as well if you do not have the space. If you have ample storage space and are willing to handle the maintenance of your trailer, buying a trailer might be your best bet.
Buy or Rent, We’ve Got You Covered
M&G Trailer is here to help guide you through your decision. With plenty of trailers for rent and sale, we have you covered no matter what route you choose. With a full stock and a knowledgeable sales staff, we will ensure you tow away the perfect trailer for you. When it comes time to service your trailer, we offer a full parts and service department to keep you hauling.
Our rentals are inspected after each use and maintained regularly. Stop by our Ramsey location and pick up your trailer from Minnesota’s trusted trailer dealer today!