Should You Buy or Hire a Trailer for Your Business

When you run a business, you will need different types of equipment, machinery and items for your company's production. Luckily, hiring or renting devices for businesses has become a common practice in Australia. The tricky thing would be to know whether buying or hiring will be more beneficial for your operation. And this can be your situation if you’re thinking about using a trailer to move your products. 

Purchasing plant trailers might not be the best solution for your company, even if you need them. You’ll have to take some considerations for this such as your budget, the risk of owning a fleet, etc. Sometimes hiring is better than purchasing, and we'll go through the benefits of both. That will help you to make an informed and well-thought decision about this matter.

Advantages of buying a trailer:

1. The trailer can be customised
   One of the best things about owning a vehicle for your business is customisation. You can add things or modify the trailer as needed. Also, you can promote your company by putting ads or your logo on the outside of the conveyance. That would be something that you won’t be able to do if you are hiring the trailer service.
   
   
2. Access to trailer 24/7
   If you buy a trailer, then you’ll be able to use it whenever you want. You don’t have to wait for it to arrive and worry about whether it will make it on time or not. By owning it, you just have to go where you keep the trailer, and you’ll be ready to go. 
   
   
3. Can be used as a tax deduction
   The more things that you can use for a tax deduction, the better it will be for your business. In case that you didn’t know, you can use the purchase of your trailer for a tax deduction. The cost of maintaining your trailer can be used for the same purpose too. 

Advantages of hiring a trailer:

1. Lower upfront costs
   Besides the cost of buying the trailer itself, you will be using your money for other upfront costs. For example, if you own a fleet, then you’ll have to pay registration fees. That can be expenses that you might haven’t considered, but if you hire a trailer, then you can forget about them. 
   
   
2. No maintenance costs
   Any trailer manufacturer will recommend scheduled maintenance for your trailer to avoid further inconvenience. That money can be used for something else, instead of spending it on the trailer. Remember that reparations and services might be expensive if you don’t consider them in your budget. However, hiring a trailer would be better because you won’t have to worry about any maintenance at all.
   
   
3. Access to various types of trailers
   Your company might have different trailers' needs for different situations. Hiring a trailer service will let you choose the right one for your requirements. For example, you can pick a machinery trailer, a refrigerated one or a tank trailer. It will be easy to use the correct one for your company because you’ll have a wide range of where to choose.
   
   
4. No need to store the trailer
   Owning a box trailer and not having a spot where to store it will be a nightmare. You might end up purchasing a loan or paying rent to have the space that you need. When you hire a trailer, you can forget about all of this. You only need to deliver the vehicle to the owner, and that will be all. There won’t be a need to worry about where it will be parked and if it will be in a safe place.

We know that owning a trailer can be something really exciting. However, not giving a good thought to that can end up in poor utilisation of the unit. That will only make you invest your money in something that you don’t really need. Your vehicle can end up corroding due to poor use and a lack of maintenance. 

Before buying a trailer, first, think how much you are going to use it. Purchasing a unit for one single-use would be a waste of resources. If you plan to use it a few times a year, then the best would be to hire the trailer service. Saving money on a trailer means you can spend it on something that’s more important.