I want 2019's rates. What's the price to put my P/U out here?

Save your Cheddar and find a well cared for clean truck and pay cash for it like I did.

 

Prostar?! You do know trucking requires drug testing and vision checks right? The only way one could confuse that nice international with a trashy prostar is if they was either blind or high.


Ok now that the obligatory moment of busting your balls for lack of knowledge is out of the way, back to your prior question. Yes i was talking about non traditional financing and leasing the truck to a carrier. While not ideal, that is a viable way to get into the industry. Just make sure you avoid all the carrier ran lease purchase scams. They are even worse than buy here pay here lots. One thing all decent lenders have in common, even the ones targeting those without good credit, the subprime (B grade) lenders. They ALL require a decent down payment. Anyone advertising zero down is going to rob you blind. Avoid them.

 

I Lived in my company truck full time. Didn’t run my but off but still made good money.

Lived frugally with one dinner treat a month

Saved $30 thousand for truck. Paid 15 for it and getting ready to dump another 15 and a months worth of labor into it this summer.

 

Honest question here, for anyone who cares to answer. (Maybe @Ridgeline ?) I'm not very experienced myself at owning a truck/running a business so I hope it's not a totally stupid question......
If you lease your truck to a carrier, and run under their authority, they can assign loads to you that they they received from the broker/load board.
If you take "uncovered loads" I don't think you can haul them under your own authority without a direct contract with their client (shipper). If you did, that would be a double-brokered load, would it not?
It's my understanding that a carrier also has to be a licensed as broker in order to assign loads to another authority (yours).

Further, doesn't the carrier have to have a direct contract with the client/shipper to take a load directly without a broker? In this case they would probably be the client's regular hauler and could possibly end up with uncovered loads, but to get those loads wouldn't you have to run under the carrier's authority? I would think the carrier would also have to be a licensed broker in order to assign you these loads to haul under your own authority.
In addition I've heard it's VERY expensive to get your own authority and it takes quite awhile. I would really want to be careful in evaluating the benefits and costs associated with doing that rather than leasing to a carrier. Thanks.

 

Getting your own authority is not expensive. It costs 300$ to apply for an mc #. Couple grand for an insurance down payment and about 30 to 40 days for everything to process. Obviously there is a bit more to it but nothing cost prohibitive 10 bucks for ifta stickers for example

 

Thanks. I'll look into it more. I think I was thinking insurance would cost a lot more than it does now, $13,000 a year, but maybe not. We pay the carrier 20%. Both used to cost less with a different carrier but they had the worst dispatch ever. Now, though, we are still not getting very good loads - I subscribe to a couple of load boards and see better all the time. We don't have to pay trailer rent but last month lost 8 loads to due trailer breaking down so we could have made more maybe paying rent and not sitting around all the time.....