Are trailers a good investment?

In this blog post, we will discuss: Are trailers a good investment? We will share seven benefits of owning a trailer. We will also help you decide which type of trailer would suit your needs best and how to make a good choice. 

Are trailers a good investment?

Yes, trailers are indeed a good investment and a great asset. Here are several benefits of owning a trailer: 

  1. Capital investment: If you are buying a trailer rather than renting one, you have a capital investment. In other words, your money goes into a hard asset. You have acquired a tangible product that is yours and you have a precious product that you call your own. A purchased trailer is part of your overall portfolio, whether you made it a business investment or viewed it as personal property.
  1.   Return on investment: This can come from using your trailer as a business venture or as a tool that earns you money. Or, it can be a throwback to the way of having a valuable asset in your name.
  1. No hidden costs: When you buy and own a trailer, you don’t have any hidden costs. With rental trailers, you are subject to the fine print of the terms and conditions of your contract. Many trailer companies charge based on time and distance, which is a fair arrangement. But you need to watch out for hidden costs like filing and late fees, additional insurance, and franchise fees for trailer wear and tear.
  1. Convenience: Having your trailer always available is a great convenience. You have little to no downtime spent going to a rental location and picking up a trailer. You also have the option of leaving your trailer loaded between uses, which saves you more time.
  1. Flexibility: By purchasing a trailer and owning it outright, you have the flexibility to use your trailer as you see fit. You are not bound by any terms and conditions that a rental company sets. You can lend or sublet your trailer to another party, which you cannot do with rental accommodation. 

You have the option of converting your trailer to another configuration to meet a goal you never expected. You also have the flexibility to sell your trailer if the right opportunity arises.

  1.  Taxation: If you use your purchased trailer for professional purposes, you benefit from attractive tax advantages. While a leased trailer is considered a one-time business expense, a purchased trailer is a business asset. You are entitled to depreciation tax deductions that offset the initial purchase cost. This increases your return on investment and makes taxation a worthwhile benefit rather than something to be avoided.
  1. General use: The number of times you use your trailer is a critical factor in swinging the ownership benefits ladder. There will be a time when the number of times you use a trailer will make buying it the only sane and logical option. This number of overall uses will depend on your specific situation. It also picks up on the previous benefits and makes the full ownership package your only viable choice.

What type of trailer is a good investment?

There are many styles of trailers available and each category of the trailer also has a number of individual options. Here are the main styles of trailers that you can choose to buy, depending on your needs or personal preferences:

  • Utility trailers for small jobs like hauling home improvement supplies or yard waste.
  • Car trailers for transporting vehicles as auxiliaries to recreational vehicles.
  • Enclosed trailers are for construction tools or exhibition vehicles requiring safety.
  • Landscape trailers for heavy transport, including dump capacity.
  • Equipment trailers for pulling skid steer loaders or mini excavators and attachments.
  • Dual-purpose trailers for hauling ATVs one day and household items the next.
  • Custom trailers for any use you can think of or dream of.

Deciding on the type of trailer you need is your first step. Once you know the style of trailer you need, it’s time to choose the exact size. There are many factors that need to be considered before you can make a decision to buy or lease.

As a general rule, it is better to choose a larger trailer than a smaller one. While a larger trailer may cost more to purchase or lease, it will be much more beneficial than a smaller trailer that will not fit your equipment. 

Buying a trailer: the selection criteria

To choose a quality trailer, it is important to take into account several criteria:

  • the necessary payload: properly assess its load,
  • the type of load to be transported: fundamental to determine the size of the trailer and the type of trailer to choose,
  • the power of the towing vehicle: to find it, refer to the vehicle manufacturer’s manual,
  • braking: it must be effective for the complete coupling (trailer + towing vehicle),
  • the price: the budget devoted to the purchase of a trailer depends on the quality of the material,
  • how often the trailer will be used,
  • improvement possibilities: to be provided for fitting trailer accessories,
  • the size of the wheels: depending on the type of load,
  • storage: provide a place to store the trailer during a long period of immobilization,
  • quality: for long-term use, prefer a mid-range or top-of-the-range trailer.

Where to buy a new or used trailer?

To buy a trailer, the contact person depends on the type of trailer: new or used.

Many garden stores sell new trailers:

  • agricultural trailer,
  • timber trailer,
  • tractor-trailer and mower trailer, etc.

Some brands specializing in the sale of spare parts for vehicles, but also in car maintenance, offer luggage trailers.

For any other type of trailer, it is better to contact specialized stores or suppliers by checking their websites beforehand.

There are excellent quality used trailer models on the market. This solution can be ideal for:

  • a limited budget,
  • reduced use of the trailer.

This type of trailer is found:

  • on the Internet,
  • in stores specializing in trailers.

Buying a trailer: ask a pro for advice

Before ordering a trailer, it is advisable to visit the distributor or the manufacturer.

This allows:

  • to better choose the desired trailer model,
  • to view it before purchase.
  • These specialists have an advisory role and will allow you to choose the model of the trailer that is perfectly suited to your specific needs.

Choosing the right trailer and its essential accessories

Think about what you are going to be carrying and what you are likely to load. Do not hesitate to overestimate the load you need by 20%, you will always find uses for your trailer and you will always tend to overload it!

A tarp is useful and you should acquire it before you need it! It’s like an umbrella, opening it when you’re wet is no use! The hood is the solid version of the tarpaulin, it is by its solidity and excellent anti-theft device for your load. The mudguards can be plastic or steel, the latter is much stronger! There are trailer nets for those who transport branches and do not have mesh extensions.

When cleaning, do not use corrosive or degreasing products that could damage your crate. Think about the rules of the road when towing your trailer. Depending on its GVWR you must adapt your speed. 

The bottom line

A trailer is a vehicle without an engine pulled by a towing vehicle, that’s roughly the dictionary definition. Depending on its variations and its volume, the trailer offers significant logistical solutions. 

Composed of a single or double axle, therefore two or four wheels, a galvanized steel body equipped with visual and directional lights and a license plate; you choose your trailer according to what you have to transport (green waste, rubble, materials, cardboard boxes, two-wheelers, etc.). To be able to pull it, it is necessary to have an approved tow bar installed on your car.

A trailer can be a good investment if you need to constantly transport heavy loads or if you plan on renting it. Just think about it, there are plenty of benefits of owning a trailer!

Do you want to share your thoughts on whether trailers are a good investment? Let us know!

FAQ on Are trailers a good investment?

Is a trailer a vehicle?

A trailer is a vehicle (generally without an engine) that is hitched to another vehicle, called a tractor, to move it.

What is the difference between a trailer and a semi-trailer?

The trailer can be fixed or tilted, depending on its use. The semi-trailer, on the other hand, has wheels only at the rear of its structure. It is kept level thanks to two crutches that rest on the ground.

How does the braking of a trailer work?

Parking braking on a trailer is ensured by this principle: Thanks to a compensator unit integral with the parking brake control brake lever, and mounted on the rod, it suffices, to immobilize the trailer, to pull the parking brake lever towards the back to the last tooth of the rack.

Should I buy a horse trailer?

You should buy a horse trailer if you own one or more horses and you:

  • Want to participate in a tournament;
  • Need to regularly visit a vet clinic;
  • Want to go on vacation and need a way to transport your horse(s). 

References