Interested in starting out

I'll comment on the CDL part and let someone answer the rest. If your combination is 26,001lbs and and the trailer is 10,001lbs or more you must have a Class A CDL. If your combination is under 26,001lbs you can have a trailer 10,001lbs or more with a medical card and no CDL even. With a 4 car you will most likely have the trailer alone around 25,000gvwr so you will be well into Class A territory. Only way to do it is to have a 2 car that is 10,000 and less gvwr and I don't believe they makes the 2 car below 14,000gvwr and you'd only break even really..

 

Well in that case, no need for a Class A lol! I've never seen a 5 car like that, wow!

 

In most cases a 4 car does not need a class A, however we will not hire a class B driver for our 4 car because once you tow a F-350 or such with a gvwr over 10,001 pounds you require a class A, and we tow trucks all the time. That said, if it is your own truck then you can control what you choose to haul, and yes there is money to be made with a 4 car like you are looking at. There are many inop vehicles on the load boards paying decent money that most haulers will not touch because they don't have keys, not a problem for a 4 car. As for a job listing for a 4 cardriver, check with @Ziggy319 he is building a a brand new 4 car as we speak and is looking for a driver to run CT to NJ with it. You being in Old Bridge may be a good fit for him.

The 5 pack you posted would never need anything other than a class B, but being in NJ you will most likely come into NY often and they are not legal in NY once you have overhang, and you can't load a 5 pack without overhang! That said, many guys take their chances and run them in NY all the time.

 

I guess I would ask this, why not talk to your boss about buying the disposal company, I would think disposal business has a hell of a lot more upside than auto haul at this time???

 

Collecting money is a given if you are in business for yourself, I don't care if you are hauling cars, hauling garbage, or selling ice cream from a truck, How you go about your billing/handling of it is what is important, it just may be that his "billing" system needs revamped?

He is going to have to either sell the company whole, or liquidate it piece by piece, either way, if he had claimed any deductions throughout the business equipment life, he WILL own taxes on whatever money he receives for said business, and it could be a substantial hit.

This opens the door wide for both of you, he could sell you the business "on time" and he would not take a huge hit on capital gains taxes, AND, you could get going for a minimum outlay?

Not saying you should or shouldn't, just saying there are other options than an outright sale, you have been there for 12 years, you should have a decent handle on what goes on?

With all of that said, you are probably in the best part of the country for auto haul.