3 Common Reasons Companies Rent Bulk Tank Trailers

Bulk tank trailers are an efficient way for many businesses to transport liquids, chemicals, bulk and dry goods, and gases. These tanks are safe and clean containers for potable and non-potable water, gasoline, liquid fertilizer, industrial cleaners, and more. Learn more about the top reasons businesses choose to rent bulk tank trailers instead of buying them below.

1- Flexibility

Bulk tank trailers are a big investment, and some companies need to keep their options open to stay efficient. They need to have the right equipment to haul and maneuver the trailer as well as the staff to handle it. Companies have to bring a trailer that will fit in the lot at their destination or client’s property.

Renting makes changing the trailer size easier and saves the company money on a trailer they can’t use often. Some companies would need to purchase storage, additional insurance, repair parts, and other maintenance supplies. They gain flexibility when it comes to business loans, capital, property rental, property and vehicle ownership, and more by renting.

Companies that want to test out their ability to deliver new products and take on new clients also gain flexibility by renting. They can take time to set up the account and review their profits from different products and delivery sizes. Companies at this stage may also gain flexibility from a rental if they want to wait for a newer trailer model to come out.

2- Image and Public Relations

Renting tanks helps many businesses keep the newest trailers in use where customers see them and their company logo. The image alone can be so important for many businesses that they may never consider purchasing trailers of their own.

This may be true for businesses that work hard to protect their industry reputation via word of mouth or those with many liabilities. Companies with fuel, health care, animal care, sporting events, or food contamination liabilities might often prefer renting. Companies whose trucks are highly visible on the road or at events might want the newest trailer with or without added liabilities.

3- Market Fluctuation

Companies often choose to rent instead of buy when the market presents too much uncertainty for their comfort. The cost of fuel, insurance, parking, storage, maintenance, and more can tip the scales for many people. Market uncertainty can also cause business owners to question the stability of accounts that would seem to warrant the purchase of a trailer.

This is true for companies that might use a single trailer or a smaller fleet. This is true for those who would use many trailers and deal with the margin for loss on all of them.

Owning trailers can mean extra time and expenses when it comes to accounting, stock sales, fundraising, development, and investments. Some companies would need to pass yearly or quarterly audit standards and keep a fleet appealing to multiple investors and partners. Many people would prefer to see a company with fewer assets and management responsibilities. Before making any decisions on whether to rent or buy a bulk tank trailer for your company, spend time looking at the costs associated with it and how often your company will be using it.