Considering buying this trailer to restore
 
 

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Considering buying this trailer to restore

This is a discussion on Considering buying this trailer to restore within the Horse Trailers forums, part of the Barns, Boarding, and Farms category
  • Horse trailer in need of restoration
  • Miley 2 horse trailer

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    12-07-2012, 03:16 PM
  #1
Weanling
Considering buying this trailer to restore

horse trailer

This trailer has a solid floor and has more years left in it. Let me know if you have any questions.




They're asking $500, I bet I could get it for $400.
Plus about $50 for a gallon of Rust converter
$35/ish for metal primer
$50 - $80 for paint, let's say $80x 2gallons: $160
$x for registration through the DMV... My stock trailer was $182, let's guess $100? Does that sound reasonable?

So, most expensive scenario: $845
However, that's not including tires, brakes, electrical work or lights if it needs it. I shot them an email and haven't heard back.

I have all the tools I would need: a big air compressor and a paint gun, angle grinders, wire cup brushes, safety equipment, etc.

I've restored a gooseneck 4 horse stock trailer before. That trailer was in worse shape than this one. That paint job is still holding up 2 years later.

So, my question is, do you think it would be worth it? I have my gooseneck trailer that I use, but my thought with this one is that I could rent it out OR flip it and sell it.
I used to have a Miley 2 horse straight load that I rented out a few years back. I charged $50 a day and most people could tow it with their daily driver vehicle. I had a liability release, and I have liability insurance through Markel that I bet I could add coverage for this onto. I'd have to check that price.... But, I made quite a bit of money doing that.

Any suggestions? I definitely want my butt covered as far as liability is concerned if I'm going to rent it out.

I'm thinking I could make it look something like this, although I don't think I'd go with black... too hot. This trailer is listed for $1500, So I'm thinking there's more value in renting it out.
     
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    12-07-2012, 03:27 PM
  #2
Green Broke
I am so jealous right now! We need pictures of the process and finished result too!
     
    12-07-2012, 03:32 PM
  #3
Weanling
Haha, no I haven't done it yet. That's a different trailer I found on the internet. Lol. :) Should I though? Would it be a good idea to restore it and rent it out?
     
    12-07-2012, 03:32 PM
  #4
Weanling
And trust me, if I do it I will have a whole write up thread on the process
     
    12-07-2012, 03:46 PM
  #5
Trained
If you have the knowledge to check it all out, and it only has cosmetic issues, and you have all the equipment, then yes I can see a profit there, doesn't take much of a snag though to start finding out you haven't actually made much.
     
    12-07-2012, 03:51 PM
  #6
Weanling
Quote:
Originally Posted by Golden Horse    
If you have the knowledge to check it all out, and it only has cosmetic issues, and you have all the equipment, then yes I can see a profit there, doesn't take much of a snag though to start finding out you haven't actually made much.
Very true. I do feel I have the knowledge to check it out, and my husband knows even more. Thanks for the input. Hopefully, over the long run, I can make money back by renting it out.
     
    12-07-2012, 03:54 PM
  #7
Green Broke
I told my husband just the other day, that if we got one we could rent it out, then write it off as a business, lol.
Tessa7707 likes this.
     
    12-07-2012, 04:10 PM
  #8
Weanling
Quote:
Originally Posted by nvr2many    
I told my husband just the other day, that if we got one we could rent it out, then write it off as a business, lol.
Hey! Good idea! I teach lessons and I'm working on applying for a business license and paying taxes because it's really taking off. That's a good idea!
     
    12-11-2012, 11:13 PM
  #9
Foal
That looks a lot like my trailer! I just got it and fixed it up myself with a little paint and elbow grease. I say go for it! I love mine!

Before


After a coat of rust-oleum paint (white and clear)

COWCHICK77 and Tessa7707 like this.
     
    12-11-2012, 11:15 PM
  #10
Green Broke
Quote:
Originally Posted by Tessa7707    
Hey! Good idea! I teach lessons and I'm working on applying for a business license and paying taxes because it's really taking off. That's a good idea!
Thank you, thank you!!!
     

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