The foam set up works well enough. We did it for our canoe for a long time.
There are trailers designed for kayaks and canoes though. I've thought about going that route myself. That way I could put all my gear in it as well! BONUS car room for ladies and stuff..cause you know ladies flock to us carp anglers![]()
Various companies make them and you can find em on craigslist a lot as well. I've seen a few sitting from 100-300 dollars a few times. Comparable to a good rack set up anyway.
http://www.google.com/imgres?imgurl=http://www.castlecraft.com/_derived/canoe_trailer.htm_txt_Trailex-tx200.gif&imgrefurl=http://www.castlecraft.com/canoe_trailer.htm&h=289&w=500&sz=16&tbnid=zDZ5ultfRViqiM:&tbnh=75&tbnw=129&zoom=1&usg=__z8lVxtKvoKWbotfx8imu-qL9sFE=&docid=PDdZM_QAIkKyRM&hl=en&sa=X&ei=G911UcOaK4m30AHYrYCIBg&ved=0CEwQ9QEwAQ&dur=307