Buy or Rent a Trailer – The How to Decide Guide

Whether you are packing up for a move, heading out on a camping trip, or doing landscaping work, a trailer is essential to haul materials and items. You may be thinking, what makes the most sense when it comes to buying or renting a trailer? To answer this question, you must consider some key points that will bring clarity and confidence in purchasing or renting a trailer.

How much does it cost to own a trailer?

It is important to keep cost in mind when deciding whether to buy or rent a trailer. 

Purchasing a trailer is not only the initial buying cost, but the cost of ownership as well– so be sure to price all the expenses. Owned trailers require registration, and many states base the price off of weight. During registration, an inspection for safety must take place for a fee. You must also provide proof of insurance to register your trailer. The cost of insurance depends on the length and width, how often you use it, and more. Don’t forget about maintenance and upkeep!

With trailer rentals, the price includes registration, maintenance, inspections, insurance, and other added costs. Renting simplifies the process tremendously because you can tow knowing everything is up to date and protected.

How often will I use my trailer?

Whether you choose to rent or buy a trailer, a valuable and versatile accessory no matter what type of errands you have to do. Despite its many uses, it is essential to determine how many times you will use the trailer. Create a list of all the tasks you need to complete that require this tool and add them. Many people who use a trailer as frequently as once a week have determined that renting is still the most cost-friendly way to get the job done.

Where will I store my trailer?

After considering how often you use a trailer and the cost of ownership, it is time to think about where you will store it. Can you store it at your residence or a storage lot? This question is often overlooked but equally important when choosing whether to buy or rent a trailer. If your area is not large enough to accommodate, keep in mind that a storage lot or unit comes with an added fee per month or year.

Renting does not require any storage costs because you can reserve and pick up a trailer whenever you need it. Return your trailer to the Universal Trailer Rentals’ lot once complete. 

Peace of Mind

Universal Trailer Rentals’ trailers are reliable and trustworthy. We do regular maintenance on our trailers, ensuring they are your safest option. If you choose to buy, you will have full responsibility if anything goes wrong.

Ultimately, you decide to buy or rent a trailer, but you may learn what works best for you by choosing to rent first.