Finding a Reefer Trailer for Purchase
The United States is home to a truly vast manufacturing sector, as well as a lot of farms. But the produced goods and foodstuffs need to be moved around somehow, and this is where the transportation industry comes in. Larger carrier companies offer jets for fast delivery over any terrain, and ships can deliver many tons of exports to ports around the world. But most carrier companies are small, and instead of jets or trains or planes, they offer semi trucks. Such trucks are affordable, and they can go nearly anywhere and deliver nearly anything. Some truck trailers are designed for particular cargo, such as reefer units. But what is a reefer trailer, anyway, and how can a carrier company owner find a reefer trailer for sale in their area? Sometimes, used reefer trailers are the best option, such as used Thermo King refrigeration units, or perhaps a new reefer trailer is in order. And financing a reefer trailer for sale is easy, too, once the buyer knows what to do.
All About Reefers
Put simply, a reefer trailer is a semi truck trailer that has several air conditioner units built into it, so that it can chill the interior and maintain the desired temperature. Such trailers also have insulation in their walls to help keep out external heat. These trailers can range in temperature from a low of -20 degrees to a high of 70 degrees Fahrenheit, depending on the needs of the cargo inside. Overall, these trailers can range quite a bit in size, from 28 to 53 feet in length, and the largest of them may be 13.5 feet tall and weigh as much as 44,000 pounds or so.
This is a robust industry, and it is continuing to grow around the world. In the United States alone, some 500,000 reefer trucks are in operation, and the number of yearly orders is increasing. In January 2018, some 40,000 trailers were sold. Meanwhile, experts say that the global reefer trailer market was close to $5 billion in value, and it may grow at a CAGR of 4.8% from 2016 to 2022. This means that the reefer trailer market may hit $7.65 billion in value by 2022, showing how much demand there is for these trailers. After all, they are vital for carrying groceries and other perishable food items, which would spoil or melt in regular truck trailers. Meat, dairy, frozen processed food, and more may be delivered inside, and such items can be unloaded from a warehouse’s freezer and loaded into a reefer truck for delivery. Once that truck arrives at a grocery store, the staff there will unload the cold items and place them in on-site freezers and coolers.
Making a Purchase
Now, let us consider the business side of reefer trailers, such as finding a reefer trailer for sale. A truck carrier company’s owner may decide to find a reefer trailer for sale, or several, so that they can expand their list of clients to grocery stores which need cold items delivered. So, the carrier owner may look online and enter “reefer trailer for sale” and specify their area, and whether they want to find new or used trailers. A new truck and reefer trailer will probably cost the most, but it will be in good condition and come with factory warranties. A gently used unit may be found for a greatly discounted price, but the buyer is urged to look over the unit first and check for wear and tear.
As for financing, getting loans is usually necessary to buy a truck trailer, and big banks are reluctant to make loans for carrier companies. Instead, specialized truck lending companies are available to help, and they are more willing to approve loans for this. Still, those lenders will look into the borrower’s personal and business credit scores, and check for previous bankruptcies or other red flags. Even a borrower with mediocre or poor credit may get approved for a loan, but likely at a high interest rate. A borrower with good credit might get as much as 100% of the reefer trailer’s value in a loan, and at a low interest rate, too.
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