My authority is 2 years old with clean record and excellent service. What are the pros and cons of selling my authority. I just signed a lease to a very reputable company.
Pros & Cons of selling my Authority???
Discussion in 'Experienced Truckers' Advice' started by Sumday33, Jun 22, 2022.
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Pro : money in the bank
Another Canadian driver and TheLoadOut Thank this. -
Con: letting someone who burned their authority start fresh, so they can do it again and again and again.
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Is the authority in your name or a company name?
wis bang and Another Canadian driver Thank this. -
You can "sell" your authority, but your dot number will not transfer, the FMCSA will issue a new one for the buyers. They are on to the start over again with a older number,masking their poor safety records.
God prefers Diesels Thanks this. -
I sold mine a few months ago and have no regrets. It was in my company name and it was a new carrier buying it to save on start-up insurance costs. I'm not entirely sure how that worked out for them, but we had our lawyers hash it out and I got paid a good price. Once I verified the authority was in their name, I voluntarily canceled my DOT number.
TallJoe Thanks this. -
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TallJoe Thanks this.
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