Are you in the market for an equipment trailer?
Whether you need a basic utility trailer or something more heavy-duty and specialized, financing can help make your purchase easier. There are many different types of trailers available, and selecting the right one for your needs is key to getting maximum use out of it.
Here are some of the most common types of equipment trailers that people finance. Knowing what’s available will help you make an informed decision when choosing the best option for your situation.
8 Popular Equipment Trailers For Financing
A properly chosen equipment trailer can make your job easier, and you’ll find the right fit by considering all the options available to you. Here is a closer look at some of the most common types of trailers on the market and what they are best suited for.
1. Tilt Equipment Trailer
This type of trailer is ideal for transporting smaller, lighter items. It features a tilting bed which helps make loading and unloading easier. A tilt trailer is often used for hauling mowers, ATVs, and other light equipment. It can also be used to move furniture and other household items.
Prices for tilt equipment trailers typically range from $2,500 to $5,000, depending on the size and features.
2. Gooseneck Trailer
If you need to carry larger items and/or heavier loads, then a gooseneck trailer may be your best option. The design of these trailers features a lower center of gravity, so they are more stable on the road than other types of trailers. This makes them perfect for hauling heavy equipment such as tractors, trucks, and boats.
Prices range from around $3,500 to over $15,000, depending on size and quality.
3. Car Hauler Trailer
These types of trailers are specifically designed for transporting vehicles like cars, motorcycles, ATVs, and other recreational equipment. They feature double or triple axles for increased stability during travel and multiple tie-down points to secure the load.
Prices can vary widely, ranging from under $1,000 up to $5,000 or more depending upon the size, style, and features included.
4. Drop Deck Trailer
Drop deck trailers are great for hauling taller cargo that would not fit in any other type of trailer due to their low deck height and side rails, which can be adjusted according to your needs. They usually have a gooseneck-style hitch with dual axles for increased stability when loaded with heavier items like construction machinery or large vehicles such as boats and RVs.
Prices typically range from around $4,000 to over $10,000, depending upon the size and features included in the trailer design.
5. Lowboy Trailer
Lowboy trailers are engineered to haul long pieces of cargo that are too tall or wide for regular equipment trailers due to their lower bed height which allows them to clear bridges along the shipping route safely without having to detach any parts of the trailer itself before passing underneath them.
Prices typically start at around $7,000 but can go as high as $20,000 or more depending upon size and features included in the design, such as extra axles or ramps for easier loading/unloading capabilities.
6. Flatbed Trailer
As its name implies this type of trailer has an open flatbed with no sides or top so it’s perfect for carrying oddly shaped objects, such as furniture or large pipes that wouldn’t fit inside other types of trailers due to their shape or size constraints.
They usually have either one axle or a tandem axle configuration with prices ranging anywhere from under $1,000 up to about $5,000 depending upon features like electronic brakes and adjustable side rails, which can increase stability when loaded with heavier items like industrial machinery or large vehicles like RVs or boats.
7. Multi-Axle Trailer
These trailers feature more than two axles and a gooseneck-style hitch, making them great for carrying heavy loads such as construction equipment and large vehicles. Many times these trailers also have hydraulic ramps, which can help with loading and unloading duties.
Prices typically range from around $7,000 to over $20,000, depending upon the size and features included.
8. Utility Trailer
Utility trailers are a perfect choice for general hauling needs around the home or on the job site. They typically feature one axle and a small ramp for loading and unloading duties as well as tie-down points for securing your cargo.
Utility trailers come in a wide range of sizes and styles and prices typically start at under $500 but can go up to around $3,000 depending on the size and features included.
There are many equipment trailer options available for your needs, whether you require a simple utility trailer for light hauling or a complex multi-axle trailer for heavy loads. The cost of each trailer varies widely depending on size, style, and features included, so be sure to do your research before making a purchase.
Tips for Financing Equipment Trailers
When it comes to financing equipment trailers, here are a few tips that can help you make the right decision.
- Speak with a financial broker about financing options that are best suited for your needs.
- Research the different types of trailers available to determine which one is most suitable.
- Compare prices and features to find the best deal on an equipment trailer.
- Consider renting versus buying if needed, as this can help you save money in the long run.
Renting vs. Buying Equipment Trailers
Renting equipment trailers can be a great way to save money in the short term if you only need it for a certain project or specific timeframe. It also eliminates the need for large upfront payments, as rentals typically only require a small deposit.
However, if you plan on using the trailer more than once, purchasing one outright is usually cost-effective. Purchasing also allows you to customize your trailer with features and options that meet your requirements, as well as ensure that you own something of value in the long run.
Where to Find Financing For Equipment Trailers
When looking to purchase a new equipment trailer, financing may be an option to help spread the cost out over time. It can also be beneficial to take advantage of any discounts or special offers that may be available at the time of purchase. Before considering any loan options, it is important to do your research and compare different lenders’ terms and conditions to find the best financing option for your equipment trailer purchase.
At Charter Capital, we offer competitively priced financing options that are tailored to meet the unique needs of our clients. Our experienced financial brokers can provide the guidance and advice you need to make an informed decision when choosing a financing option. We have been helping businesses of all sizes to secure the equipment financing program that aligns with their goals and objectives for over 40 years.
Contact Charter Capital today to learn more about our financing options and how we can help you get the equipment trailer you need.