Rent to Own Trailers: The 23 Best Frequently Asked Questions

When you’re considering a rent to own trailer, you may have questions. Questions about the utility trailer rental business, how the agreements work, what is the difference between renting versus financing, and more.

We’ve explained the most common questions below. We’ve also provided a sample rent to own trailer payment calculation to help you understand the fees associated with each monthly trailer payment.

You can also learn more about rent to own trailer programs, types of trailers available for rent to own, advantages of rent to own trailer programs, and how to get started at rent to own trailers.

Benefits of Renting to Own a Trailer

There are many benefits to rent to own trailers. Some of those include:

Low Monthly Payments

Similar to financing a trailer, you’ll be able to make low monthly payments. However, in order to get started, you won’t have to fill out difficult forms, have your credit checked, and wait for a bank or credit union to approve you for the purchase.  

Payments Count Toward Ownership

Rent to own trailers not only enable you to turn the trailer in at any time, but a portion of your payments count toward the purchase price of the trailer. Therefore, if at any point you choose to purchase your trailer, you can do so by checking your contract and paying the purchase price as of that date.


With rent to own trailers, if you keep your trailer for the full term, you have the option of keeping the trailer and owning it outright or turning it in for another model.

What is a Rent to Own Trailer?

A rent to own trailer is a utility, dump, gooseneck, cargo, tilt, or enclosed trailer you can lease on a monthly basis. These are also considered hauling trailers for rent.

Each payment you make, part of that payment goes toward the rental fee while the remainder goes toward the base price of the trailer. Once all of the payments have been made, you become the owner of the trailer.

What is a Rent to Own Trailer Program?

Rent to own trailer programs create an agreement under which many different types of trailers, such as cargo, dump, gooseneck, or car hauler, are leased in exchange for a monthly payment. At Trailer RTO our program offers the option to purchase the trailer at any time or return it.

Similar to the equity in your home, you can also build equity in rent to own trailers. Equity is the difference between what’s still owed on the asset and what you could get if you sold it.

In the case of a rent to own trailer, each month you make a payment, you are building equity in that trailer. As a result, if you ever choose to purchase the rent to own trailer outright, a portion of your previous payments count toward the balance due.

Is it Easy to Rent to Own a Trailer?

Trailer RTO makes it easy. Just submit a copy of your driver’s license, complete the electronic identity verification process, and choose your trailer. Once we have this information, we can calculate your down payment and deposit, and take your first payment electronically.

We then complete the transaction with the dealer and you drive away with your new trailer. After that, you simply make your monthly payments toward owning your trailer.

How Do Rent to Own Trailers Work?

You might start by searching for “cargo trailer for rent near me” and locating the trailer you need, such as reading our best dump trailer review.

The process works by creating a contract between the lessee and the owner for a specified period of time. The term is usually 24, 36, 48, or 60 months depending on the base price of the trailer.

As noted above, a portion of each rent to own payment for your trailer goes toward the rental fee while the rest goes toward paying off the trailer.

How is a Rent to Own Trailer Payment Calculated?

The payment for a gooseneck trailer rental Florida might look something like this:

Trailer sales price: $10,000
Term: 48 months
Non-refundable deposit: $400
First month’s payment: $416.67
Total first RTO payment: $816.67

Using the information above, you can calculate how much you will pay for leasing services on your rent to own trailer by using this formula.

(Monthly Rent-to-Own Payment x Length of Rental Agreement) – Cost of Trailer On the Lot = Cost of Leasing Services

So using the example above, where the price of the trailer on the lot is $10,000, if you pay $416.67 for 48 months, the cost of the leasing service is $10,016 in addition to the cost of the trailer.

($416.67/mo x 48 mos.) – $10,000 = $10,016

However, if you choose to return your trailer before the end of the 48 months, or purchase it outright, the cost of the leasing service will be less.

How Does Renting a Trailer Differ from Financing One?

A trailer rent to own program is different from a regular lease. In a rent to own agreement, the renter can purchase their trailer at any point during the term. The renter may also terminate the agreement by simply returning the trailer to the dealer.

Rent to own trailers offer the best of both worlds. As a renter, you get no credit check financing with the flexibility of low monthly payments for as long as you need the trailer.

If at any time you obtain financing elsewhere or want to buy the trailer outright, a portion of the rental payments you’ve made goes toward the purchase price. Or, if you choose not to purchase or simply no longer need the trailer, just turn it in. 

Is Renting to Own a Gooseneck Trailer the Same as Financing One?

In short, no. Renting to own is an alternative to traditional financing.

Traditional financing uses a credit application to review your creditworthiness in order to determine whether or not to give you a loan to purchase a trailer. A rent to own, or lease to own contract is a lease agreement.

With a loan, if you default or wish to return the utility trailer rental early, a statement will typically be filed on your credit history. However, in a rent to own arrangement, you can return the trailer at any time with no penalty so long as you are current on all payments.

Will a Rent to Own Trailer Agreement Affect My Credit?

A rent to own trailer agreement does not impact your credit. With a rent to own trailer, no credit check is needed since it is not a loan. If you decide to end your rent to own contract early and return your trailer, there will be no impact on your credit score.

Can a Trailer I Rent to Own be Paid Off Early?

Yes. With Trailer RTO, once you choose from one of the many different types of trailers, you are able to pay off the remaining cost of your gooseneck trailer, dump trailer, car hauler, or utility trailer anytime you like.  

Because part of each payment goes toward the lease, only a percentage of your total payments will go toward the purchase price of your trailer. These percentages will be stated in your lease to own contract.

Can I Rent to Own a Used Trailer?

If you locate a used trailer on the lot at a dealer that has a clear title and is roadworthy, we will make it possible for you to rent to own that trailer.

Are Rent to Own Trailers More Expensive?

It depends on what your needs are. If you fully intend to own the trailer outright, making a one-time payment for that trailer will always be the most cost-effective. However, if you only need the trailer for a few months, or cannot qualify for traditional financing, then it might make more sense to rent to own rather than buy it.

Rent-to-Own Trailer Price Compared to One-Time Payment

The extra cost of a trailer in a rent to own arrangement is because of the leasing convenience provided in the agreement that allows you to return the trailer at any time at no additional cost.

Can I Rent More Than One Trailer at a Time?

Once you have been in good standing for 90 days with your first trailer, you are eligible to rent another.

Do I Need a CDL?

There are different classes of commercial driver’s licenses or CDLs. For most truck and trailer rigs, you will not be required to possess a CDL.

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Can I Lease Purchase a Car Hauler Trailer?

Yes, a car hauler lease purchase is an option through many rent-to-own programs, including Trailer RTO. Similar to other types of trailers, you can lease a car hauler and have the option to purchase it outright at any time during the lease term.

Do You Offer Hot Shot Trailers for Rent?

Hot shot trailers for rent are available through our program. You can lease these specialized trailers on a monthly rental agreement basis, with the flexibility to buy or return the trailer as needed.

What is the C3 Rent to Own Program?

The C3 Rent to Own program is a specific offering that provides various types of trailers, including gooseneck, dump, and cargo trailers, for lease with an option to purchase. The terms and benefits are similar to other rent-to-own options, offering low monthly payments, flexibility, and payments that count toward ownership.

How Can I Calculate My Dump Trailer Loan?

We offer a dump trailer loan calculator on our website to help you estimate your monthly payments, initial payment, and total cost. Just input the trailer’s sales price, term, and other relevant information to get an accurate calculation.

How Can I List My Trailer for Rent?

If you’re looking to list your trailer for rent, you can utilize our platform to reach potential renters. Just contact our support team, and we will guide you through the process, ensuring your trailer meets our requirements and standards.

Is Rent to Own an Installment Sale?

No, rent to own is not an installment sale. It’s a lease agreement where you have the option to purchase the trailer at any point or return it, without any obligation to complete the purchase. The payments are considered rental payments, not installments toward a purchase.

How Does the Monthly Rental Agreement Work?

The monthly rental agreement outlines the terms of the lease, including monthly payments, the rental period, and any additional fees or terms. You’ll receive monthly invoices, and part of each payment will go toward the rental fee, with the remainder counting toward the purchase price if you decide to buy the trailer.

Can I Buy My Trailer at a Discounted Early Purchase Price?

Yes, some rent-to-own programs may offer a discounted early purchase option. If you decide to buy the trailer before the end of the lease term, you may be eligible for a discount on the remaining balance. This option and its terms should be outlined in your rent-to-own contract.

Can I Receive Monthly Invoices for My Rent to Own Trailer?

Absolutely! As part of our transparent process, we provide monthly invoices detailing your payments and the remaining balance. These invoices help you keep track of your payments and how much you have left if you decide to take advantage of the early purchase option.

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