Pros and Cons of Buying a Used Trailer

What You Should Know Before You Buying Used Trailers

Trailers are a vital asset for many businesses, from hauling cargo to hauling tools for a project. Trailers can also be quite an expensive investment. Often individuals and businesses will consider the purchase of a used trailer to meet the need and for several very good reasons.

• It may fit an emergency need.
• Buying used may fit the business model.
• An opportunity may arise unexpectedly.

As a capital expense, this purchase requires due diligence and research to ensure the investment will be as effective as envisioned.  Most used models share a few common characteristics, so let’s start with these features.

Used trailers are generally a great value

1. Used models are generally a great value. New vehicles carry new vehicle prices and used vehicles have a lower up-front cost. The original purchaser absorbs the new cost and the depreciation, so used trailers can usually be acquired at a lower price than new trailers. If the used trailer is a quality piece, expect it to carry a lower price than a new product of the same quality.
2. Since most models costs less, this also means that if and when the trailer is resold the profit margin should be larger. This is especially important information for anyone with a temporary need or who considers the used trailer a short-term, emergency fix.
3. A lower initial cost impacts both the tax and insurance required. The savings will not make or break the year’s budget, but it is worth mentioning.
4. Most pre-owned trailers come prepped for work and are often customized for the purchaser with nice accessories that are already installed on the trailer. If the accessories also meet your needs, this can be a tremendous bonus. When buying a new trailer, the cost of the trailer and accessories might put the purchase too high for the budget. Finding a toolbox or spare tire mount increases the value and can make a used trailer cost-effective.
5. Recent problems with the supply chain have forced the delay of purchases and therefore changed the business plans of plenty of businesses. Used trailers are immediately available–no waiting for the trailer to be completed. For this reason, they are great for emergency needs.

Not every characteristic is totally positive; some can be problematic. Some things to explore before decision-time include:

1. There are limited options for financing any used vehicles and that includes the purchase of used trailers. Financing a used trailer might depend on your relationship with a lending agency or purchasing a used trailer might require a cash purchase.
2. New vehicles usually come with a limited warranty, but a warranty might not be available on a pre-owned trailer. The warranty might have lapsed. Not all warranties are transferable.
3. A complete service and inspection record is highly preferred, but service records might not be available for a used trailer. This is probably not a deal breaker, but it can raise plenty of questions.
4. Expect used trailers to lack the latest design updates and niceties. They might need some minor changes to satisfy project details.

If you think you have found a match for your hauling needs, be sure to investigate the trailer fully before making the purchase.

• Be sure the trailer matches the gross vehicle weight limitations of your towing vehicle(s).
• Make sure the hitch type is appropriate for your hauling fleet.
• Inspect thoroughly! Check the frame, the flooring, lights, and brakes. Look for excessive wear, rust, and accident damage.

New trailers will have a limited warranty to ensure that the equipment is as advertised. Expect the purchase of a used trailer to be an “as is” purchase.

Essential Considerations Before Buying a Used Trailer: Costs, Benefits, and Inspection Tips

Buying a used trailer can be a cost-effective solution for businesses, offering lower upfront costs and immediate availability, especially in emergencies. However, it’s important to conduct thorough research and inspections, as a used trailer may lack warranties, service records, and the latest features. Consider factors like financing options, trailer condition, and compatibility with your towing vehicle to ensure a smart purchase.

At Trailer Wheel and Frame, we provide a diverse range of high-quality trailers to meet your unique needs. Call us today at 281-931-7777 and let our trailer experts assist with selecting the best trailer for your business needs.