Move America Forward With A Trailer!
The economy is rebounding, and the trucking industry sustains a strong momentum towards stability and growth. As products flood the market and truckloads fill up, the freight market continues to hit the accelerator, resulting from record consumer demand. Retail imports broke records in 2021, increasing 12.6% year-over-year in August to 2.37 million twenty-foot equivalent units. If you are looking to make good money, opportunities in the trucking industry are plentiful as demand runs high, and adding a trailer creates endless possibilities and a good profit. Trailers move America forward, keeping supply chains churning and meeting consumer demands daily.
Lucrative Trailer Options
Trailer ownership can be a profitable venture, and most importantly, you get to control your business versus pulling company equipment. The type of merchandise, materials, or products you haul will depend on the type of trailer you decide to purchase. Your decision on which type of trailer to buy is a critical one for your business and profits.
If you are leaning towards being a freight mover, the job is lucrative, especially if you can buy your trailer and start your own business.
Here are some types of trailers you should consider buying:
• Flatbed – These versatile trailers transport various materials, from wood to heavy equipment, and can be loaded and unloaded from any position using a forklift.
• Container delivery trailers – These trailers or container chassis transport products in large shipping containers. Container trailers have different designs and specs to accommodate different capacities of containers.
• Lowboy – This uniquely designed low bed trailer is used in agriculture, oil and gas, construction, and other commercial industries. Lowboy trailers transport vehicles, heavy machinery, or other massive loads.
• Multi-car – Transporting cars may sound like an enormous undertaking, but this is a growing area to consider. These trailers come in different sizes, and some trailers handle two to six cars and even more. Of course, the more cars you transport, the more expensive the trailer will be, but also the more significant your profits.
• Reefer trailer – Refrigerated trucks, also referred to as reefer trucks, transport temperature-sensitive, perishable products. These trailers haul large amounts of cargo, similar to standard semi-trailers. However, built within their design is the ability to keep goods at regulated temperatures.
• Dry van – Essentially a box on wheels, a dry van trailer has no temperature controls, as it handles dry freight rather than temperature-sensitive or wet goods. This versatile trailer transports boxed items, palleted materials, and most retail dry goods, such as cereal, household supplies, and other non-perishables. As it is enclosed, you can quickly secure and protect goods from weather, theft, etc.
• Drop deck trailers – Drop deck or step deck trailers are highly versatile trailers used to carry vehicles, heavy equipment, construction equipment, paving equipment, piping, cars, vans, military vehicles, and more.
If you are thinking of purchasing a trailer, consider the investment and your return on investment. In a nutshell, the trailer needs to earn one and a half times the investment. If the trailer costs $250 a month to finance, you should try to make at least $400 a month in extra revenue.
First-time buyers should consider buying a used trailer that is 5- to 10-years-old, so you can minimize upfront capital costs.
Costs to Launch Your Business
To launch your trailer business takes a clear, well-thought-out plan. Operating your own tractor-trailer business does have some initial costs to tackle first. Buying or leasing tractor-trailers, even used, will require substantial finances. Additionally, you will need to factor in upkeep and maintenance of trailers and trucks plus tires, business insurance and licensing, and other fees required by state and federal agencies. A loan between $20,000 and 50,000 is a good start to launch your business.
Getting You on the Road — Financing Your Trailer
As there are so many great trailer options, you may be wondering how to finance the purchase of a trailer? Trailers under $50,000 can traditionally be funded quickly with fast credit approval and funds in less than 24 hours through Commercial Fleet Financing (CFF). CFF can help you finance your new or used trailer when other lenders cannot help. With a seasoned CFF loan consultant, you can rest assured that you’re getting the best deal and best service available.
Hands-down, trailers keep our country moving and keep your business profitable. Once you have identified the type of business you want to pursue within the trailer business, and after you have developed a business plan, the team of professionals at CFF can provide helpful information and the proper financing to get you on the road. Learn more.
About Commercial Fleet Financing, Inc.:
At Commercial Fleet Financing (CFF), our pros have given smart advice to fleet owners and owner-operators in the transportation, moving, towing or construction industries for more than two decades. With CFF, finding the right financing solutions is a phone call away and most borrowers secure commercial vehicle financing with ease. To talk directly with one of our finance pros and get started with credit approval in as little as two hours, CFF’s phone number is (469) 281-2962.