I've been looking into buying a 3500 dually and a 3 car trailer to get into car hauling.. I have a couple buddies that do it and make a decent living but I don't know much about the industry and don't know what kind of questions to ask. Hopefully someone can lead me down the right path
Considering a new career
Discussion in 'Car Hauler and Auto Carrier Trucking Forum' started by Spo97, Jun 8, 2020.
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ask you buddies
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your buddies may fill your brains with pipe dreams.
search the boards here for some of your answers.
remember that this is a job, and as such a BIG responsibility to haul vehicles.
any tiny scratch or dent, and you may be owning it.
you would want to have some money in the bank, like (i believe it is suggested) at least 6 months worth to cover your expenses in the slow times, like when you first start out.
you really should have an accountant, that will take care of the books, and keep you legal with the IRS.
too many things to get into, starting a trucking business.Hammer166, stillwurkin and Doealex Thank this. -
Talk to your buddies that are already doing this. Ask a lot of questions. If you have time, ride with them and get a first hand look at how the business works.
The easiest thing to do is buy a truck and trailer...they're for sale everywhere. There's a reason for that. Keeping the truck moving...at a profit...is the hard part. -
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I've seen a few come and go just in my little neck of the woods. Sometimes they show up here looking for work but we don't have anything for them.
A year seems about the average length of time they stay in business and then there's a CL ad for their equipment.
I don't think the hotshot business is as easy as they think it is. -
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Insurance rates, especially for a new start up hauling cars is also through the roof.
I would learn about the business as a company driver that trains newbies and then if you still want to go on your own , buy a solid tractor and trailer and forget about the dually.Hammer166 Thanks this. -
Ask your buddy how much he paid in taxes last year. If he didn't pay any. He didn't make any.
Hammer166 Thanks this. -
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