If you are moving out of California and don't want to pay the enormous fees of a moving company or a moving rental truck, you are probably asking yourself: Do I rent a trailer for my move or buy a trailer and sell it after my move? This is a logical question that many people face when they are moving out of California.
Fortunately, we have done the homework for you and have all the answers. There are several factors to look at and we will briefly explain each one.
Purchase Price: Let's say you pay $10,000 for a new cargo trailer. This is a typical price for an enclosed trailer in California. Yes, you can get one cheaper, but you get what you pay for and you will typically sell it for less than you pay for it. Even buying a used trailer will not change the numbers much when you go to sell it at fair market value.
Now, with all the extra fees added, your $10,000 trailer is going to cost you $11,315 out the door until you get to your front door and realize you don't have any e-track or tie down points on the walls of the trailer to secure all of your valuables. If you are able to install e-track yourself, it will cost about $140 and about 2 hours of your time. That's all, unless you decide you need a weight distribution hitch which can be purchased for around $250 and can be assembled and installed in about one hour, but let's assume you don't need it. Your total investment: $11,455.
The reality is that most people seldom use an enclosed cargo trailer
again after their move. If you are going to sell the trailer after your
move, you have to consider current market value plus depreciation.
As you probably already know, the market value for trailers as with most things is much higher in California than most other states. This means that a new or used enclosed trailer sold in California will be sold for much less in other states.
Current market value is approximately $1,000 less for a new trailer in this price range in states outside of California. Depreciation is typically 10% - 15% between 0-12 months of purchase if the trailer is in like-new condition. Your resale value is probably somewhere close to $8,000 at best from a $11,455 investment. This means you just spent $3,455 for short term use of a trailer. You probably spent at least five hours on maintenance and preparation to use the trailer. Now, you have to find a buyer for it which will probably cost more money and time, especially if you have to pay for storage until it sells.
If only there was a better way! Actually, there is, and this is where we can help. Why not rent an enclosed trailer for a fraction of the cost and not have any of the headaches, time, and money invested in a short term solution.
At Big Trailer Rentals, we do all the work for you and we save you money. If an average enclosed moving trailer rental cost is only about $700, you saved $2,755.00 renting from Big Trailer Rentals instead of buying a trailer.
One-way trip is not an option
If you do decide to buy an enclosed trailer, do your research and check reviews and feedback from other customers who have owned the same trailer you want to buy. At Big Trailer Rentals, we only buy Pace manufactured by Look Trailers
because the quality is excellent. Not all trailers are created
equally. In fact, you can find trailers that appear to be identical to
others for nearly half the price. Stay clear of these deals because you
really do get what you pay for when it comes to enclosed cargo
trailers. You don't want to deal with screws coming out and panels
falling off 3 weeks after you buy a new cargo trailer which is a typical problem with low cost trailers.
If you would like more information about renting an enclosed cargo trailer for your next move, call us at 951-514-6980 or visit our online reservations page 24/7.
Disclaimer: The source of this information is provided entirely by Big Trailer Rentals, LLC in an effort to help consumers make an informed decision. This information is based on real numbers the company has found to be accurate in California in recent months or years. The information contained on this page may not be accurate in some regions within California or other states. As a consumer, you should do your own research and not rely entirely on this information.