Having the best equipment for your business will most certainly help you improve your profits. But knowing which equipment is the best for your business is not always easy or cheap.
If you have thought about buying a new trailer, then you know what I’m talking about.
With so many types of trailers out there, choosing one that suits your needs within your budget and is profitable could take longer than you’d like. And you’re a busy businessperson!
To help you, we created a list of the most profitable types of trailers, their approximate prices, and the kind of products that you could transport in them. We also tell you what factors influence the profitability of a trailer so you can choose better.
The 6 most profitable types of trailers
Buying a trailer for your business is an important decision, and that is why you have to ask the right questions before choosing:
Which one is the best for my business?
How could you pay for a trailer?
Can I make my trailer profitable and get my investment back?
The American Trucking Association estimates that the trucking industry will need about 890,000 new drivers between now and 2025. So continuous investment in your trucking business is most definitely a good idea.
These are some of the most common and profitable types of trailers, their uses, and approximate cost:
1. Car Hauler Trailers
The demand for this type of trailer has really increased lately: moving cars from one side to another could mean great profits.
If you’re not entirely convinced if hauling cars is your thing, there’s no need to start big—these trailers come in different sizes, and you can get a single-car hauling trailer. But if you’re ready to jump into this market, some trailers can fit from 2 or 6 cars or way more. Of course, the more cars you transport, the more expensive the trailer will be, but also the more profits you’ll get.
You can find 1-car transport trailers starting at $2,500; for 2 cars, $7,500; for 3 cars, $10,500; for 5 cars, $20,000; and for 6 cars, $30,000.
You can find better prices if you decide to buy a used trailer
2. Refrigerated Trailers
This is another fairly common trailer model, but with special features: it has an insulation and cooling system inside to control the temperature, regardless of the weather conditions.
Refrigerated trailers, better known as reefers, are used mainly in the pharmaceutical industry and food transport.
These types of trailers are the best investment for your business if you need to transport frozen products or, on the contrary, protect them from freezing. A used refrigerated trailer can cost around $40,000 and up to $70,000.
If you don’t need something that big, you could buy a truck with a cooling system, although it could be more expensive if it is a recent model.
3. Tanker trailers
A tank trailer can bring many profits. There are different types:
- To transport gasoline and petrol
- To transport liquid food (these trailers usually have refrigeration)
- To transport chemicals
- To transport dry bulk, such as sand or fertilizer
- To transport gaseous materials
These types of tank trailers are often the most profitable because hauling these materials can be dangerous (like gasoline or dangerous chemicals).
You might need hazmat endorsement for this type of trailer.
These types of trailers can cost from $5,000 to $60,000.
4. Enclosed Trailer
These trailers have a container that protects the transported goods from weather, theft, or incidents. They are used to transport almost any kind of merchandise, from equipment and auto parts to textiles or household appliances. They are one of the most popular types of trailers.
An advantage is that the trailer’s space can be adapted, building shelves and cabinets to store the products.
The advantage of these trailers and what makes them so profitable is their versatility: they will allow you to adapt to practically any industry or need.
They are also quite affordable: you can find lower-capacity models starting at $3,000 and larger trailers, known as Dry Vans, costing more than $30,000.
5. Flatbed Trailers
These are probably the most versatile and common models you’ll see in the rod. Because they are not a closed space, they can be loaded and unloaded from any position with a forklift, streamlining the process.
Another advantage is that you can transport a wide variety of materials, such as wood, steel coils, or heavy equipment.
These trailers are available in different sizes, and although the loading docks are available in metal, most come in wood. Its price varies depending on the size and model.
You can get a used flatbed trailer for $7,000 and a new model for $35,000.
If you are looking for a good cost-benefit ratio, this is the type of trailer your business needs.
BONUS: Food Services / Concession Trailers
Maybe you have a transportation business, but you’d like to venture into another market; after all, you shouldn’t put all your eggs in one basket.
These types of trailers are a great way to mix the trucking industry with another of your choice.
These closed trailers become mobile points of sale for a small business, giving you the possibility to reach more people and make you gain notoriety if you can attend events with many people.
Some models come equipped with kitchens, ready to sell food to passersby. They are a trend among some restaurant chains that want to expand their reach. They’re better than a food truck because you can change the trailer when you’re ready to take on some trucking jobs.
You might need special operating permits for these trailers.
You can find very affordable concession trailers starting at $14,000. If you are looking for one with kitchen accessories, the cost is around $30,000.
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Why are some trucking jobs more profitable than others?
Buying a new trailer can bring tons of growth opportunities, but it also depends on certain factors.
For example, if you are a trucking business owner, your earnings will depend on how long you are on the road. In other words, how many jobs you can get. You also have to consider fuel consumption, which can be up to 25% of business expenses, and your employees’ and drivers’ salaries.
Leaving your customers satisfied with a top-notch service also means more jobs and more profits.
Also, mechanical damages, accidents, and even the weather can make the difference between healthy finances and not-so-great profits.
But not all jobs in this industry are equally profitable. Some types of trailers are more in demand in the market, such as flatbed or tank trailers.
It is important that you also consider that while it is crucial to know how to choose the right trailer, other factors can affect how well-paid a job is. For example, dangerous jobs (like transporting chemicals) are better paid. Distance is also a factor: the longer it is and the more states you have to cross, the higher the pay.
Similarly, having a specialized certification, the type of driver’s license or even the region can affect your income.
There are quite a few benefits to purchasing a new trailer. If you need it in your business to transport goods or supplies, or if you want to expand the scope of your company, you will be saving the payment to third parties for these services.
A new trailer can be a great business opportunity
Operating expenses and the number of miles you travel are some of the variables you must keep in mind if you want to improve your profits: not all jobs are equally paid. Those who need a certain degree of specialization or who can be more demanding are more profitable.
That is why it is important that you know how to choose between the different types of trailers available. It will bring you more profits.
At Camino Financial, we don’t leave any small businesses behind. We believe in you and your dreams, and we offer you all the tools so you can make them come true. Use our business loan calculator and discover the loan terms that will bring you closer to the trailer you want.