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Renting vs. Buying a Trailer: The Pros and Cons

Nov. 24 2022 Buying Guide By Chattanooga Trailer & Rental

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Trailers are vital to transportation businesses—they help keep operations rolling. However, these pieces of equipment are big-ticket investments, and some latest trailers are more expensive than others. This makes it challenging for business owners to decide whether to buy a trailer for their work or rent one instead.

As your local equipment dealership in Tennessee and Virginia, we at Chattanooga Trailer & Rentals are well-versed in buying and selling trailers. Our experts have created this guide to help you understand when you should buy or rent a trailer—so keep reading to learn more.

When to Buy a Trailer?

If you are familiar with your requirements and have the resources to purchase a piece of equipment, you might choose to buy a trailer. Here are a few reasons to buy a trailer instead of renting it.

  • You intend to add new trailers to your fleet.
  • You plan to make a long-term investment in your ongoing projects.
  • You want to enjoy the flexibility of using the trailer as and when you require it.
  • You want to use your trailer for a few years and sell it at a reasonable price.
  • You want to enjoy tax credits for depreciation and offset the upfront purchase cost.

When to Rent a Trailer?

There are various reasons to rent a trailer. The points below can help you determine whether this is the right fit for your needs.

  • Your requirement for a trailer is for a short-duration project.
  • You need help to handle a temporary increase in your workload.
  • You want to skip the hassle of storing your equipment when it’s not in use.
  • You want a brand-new trailer with the latest features without spending a lot of money right off the bat.
  • You want hands-on experience with a specific piece of equipment before purchasing it.

We hope this guide helps you decide whether to rent or buy a trailer. If you have more questions or want to explore our latest inventory of affordable trailers, visit Chattanooga Trailer & Rental. We happily serve Chattanooga, TN, and Richmond, VA, so stop by today.