Considering buying this trailer to restore
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 gonna 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.
I am so jealous right now! We need pictures of the process and finished result too!
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?
And trust me, if I do it I will have a whole write up thread on the process
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.
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.
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!
After a coat of rust-oleum paint (white and clear)
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