Is Buying a Used Equipment Trailer Worth It?May 20, 2022 by Kyle McFarlane
Trailers are versatile tools for farming, construction, and other jobs, but they can be expensive for smaller operations. When faced with the purchase price for a brand-new trailer, many people choose to find used trailers for sale.
Used trailers are an excellent option when you do not have the funds or financing available to purchase a newer model. However, buying used can also present several risks to the buyer. For instance, if you are purchasing a trailer from a private seller, you do not really know the condition or history of the trailer. Additionally, there are several unscrupulous sellers, including lots.
If you opt for a used trailer, you want to buy from a trusted seller. Still, there is much more to consider when buying used rather than new.
Before you purchase a used trailer, you want to know its history. Any seller should present a clear title of ownership. You need to ensure there are no liens on the trailer. Some people will attempt to sell a trailer they do not legally have the right to sell. For instance, they might try to sell the equipment when a bank or equipment financing company has a lien against it.
Purchasing a trailer without a clean title can leave you responsible for the debt. It is also possible that the original owner will pocket the money from the sale without paying off the original debt, meaning you may wake up to a repossession.
Trailer Body and System
When you purchase a used car, you likely take it for a test drive or have a buddy do a quick inspection before you spend the money. A trailer purchase entails the same attention to detail. You want to inspect the frame for rust, bends, cracks, or previous repairs. You should also ask about any previous maintenance issues. Existing bends and cracks can indicate overloading issues, which might be reason enough to avoid the sale.
Depending on the trailer, you will also need to inspect the electrical systems. It is crucial that all lights work when connected to your vehicle. Trailers without lights are a safety hazard and could lead to serious injury and accidents.
You will also want to inspect the braking and suspension systems. If possible, connect the trailer to your vehicle and test the brakes and their response. Additionally, assess the brake rotors and pads. How much life is left in them?
The suspension system should appear in good shape. Look for cracks and other signs of overloading and stress. The bearings throughout should be well lubricated and sealed. One sign of bearing issues is a hum that is high pitched as you drive around.
When looking for a used trailer, you may come across sellers wanting to unload a current equipment loan with the trailer. In some cases, you can assume the payments of the seller, which can work to your benefit as the loan is already paid down.
However, you might want to find a used trailer for sale that allows you to take out financing. The advantage of using financing is that you can purchase and use the trailer without being out the entire purchase price. Instead, you make monthly payments toward the loan while using the equipment to make money. Essentially, the equipment can pay for itself.
A used trailer can be an excellent option, but you need to be careful who you purchase from. McFarlane Trailer Sales is a trusted seller of trailers and carries a variety of designs, both new and used. The specialists at McFarlane’s ensure that every trailer is inspected and safe for operation. If you are looking for a new or used trailer, or just in the market for some trailer parts, look no further than McFarlane.