If you plan to make a small move this summer or you need to move a few items from one place to the next, you may be wondering what the best route to choose is when it comes to renting or buying a trailer. Trailers can be very handy, especially when you need to run down the road and pick up a washer or you need to lend your couch to a friend. But, there are some things to take into consideration FIRST before you choose to rent or buy.

1. What is Your Purpose for the Trailer?

One of the first things you need to consider is what your purpose for the trailer is. For example, is this a one-time move that will likely not happen again or will you be making trips back and forth often? Do you plan to deliver larger items or even haul items away from other people’s property?

The reason behind your need for the trailer will help give you a starting place as to whether or not you should buy or rent a trailer.

2. What Type of Trailer Will You Need?

There are a variety of trailer types that you can choose from and each one has its own application. For example, if you have livestock to transport, they make specialized trailer for this. Cargo trailers are ideal for items that need to be transported and protected from the weather. Utility trailers have an open design and are usually used to transport all types of large items such as dressers, mattresses, furniture, and more. Lastly, there are trailers available to help you move vehicles, watercrafts, and sport bikes.

If you plan to move a lot of large items, you can choose a utility trailer as it will be the best option. If for some reason you need to protect something you are transporting, you can secure a tarp over top of the items.

3. What is the Price Difference?

Lastly, sit down and figure out what the price difference is to purchase and rent a trailer. If you know that you will need to use the trailer often, then it may be worth it for you to go ahead and purchase one.

Check out this example:

To purchase an example trailer, it will cost you $2,500.

To rent an example trailer, it will cost you $45 (rental fee, mileage, and gas) each time you rent it.

If you plan to use the trailer 10 times a month, you would spend an average of $450 per month to rent the trailer. In just under six months, you would have spent the same amount in rental fees as you would have to purchase a trailer.

Now, if you use the trailer less, such as an average of once a month or less, then it would not make sense to purchase a trailer.

When it comes to purchasing or renting a trailer, you need to determine how often you will use it and your need for it. If you plan to use a trailer a lot, simply buy one and save yourself the hassle and money.