Hot Shot Newbie

Discussion in 'Expediter and Hot Shot Trucking Forum' started by ROEN, May 4, 2021.

  1. Brettj3876

    Brettj3876 Road Train Member

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    You'd be better off with a single axle tractor and a sleeper. A 3500 won't get anymore mpg. Opens you up to a wide variety of stuff
     
    God prefers Diesels, Jaebo74 and ROEN Thank this.
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  3. ROEN

    ROEN Bobtail Member

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    I appreciate the advice. No sarcasm taken my friend. I posted because I need to learn what I'm getting into and this seemed as good a place as any to get started. Clearly I'm green and have to rethink my equipment to do the job right but this is something I want to do and everyone has to start somewhere. Thank you again.
     
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  4. Brettj3876

    Brettj3876 Road Train Member

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    Also consider the insurance for a new entrant MC/DOT # it won't be cheap. We're talking 12-15k on the very low end and as much as 25-30k-ish unless you plan on leasing on to someone
     
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  5. Rbt602az

    Rbt602az Bobtail Member

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    12-15k for new entrant is not even close to reality bro c'mon. I recently went through it and I'm no where near that in cost.
    Insurance- 2300 down 1100 mo.
    Authority set up and permit around 1k including LLC set up.

    Biggest expense is truck and trailer but you can finance, lease, or pay cash.
     
  6. Brettj3876

    Brettj3876 Road Train Member

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    Lots of ppl on here will beg to differ. And btw yes you are Lol unless your terrible at math.

    A lot of new entrants have been quoted over 20k. This guy has no previous experience so 12-15k is what he's gonna expect.

    Done arguing
     
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  7. clausland

    clausland Road Train Member

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    Actually, @Brettj3876 is spot on. There's a lot of mitigating factors that will determine what you'll pay as a start up, but on avg, what he's saying is about right. BTW, his dad and I have both been driving since the late '70's, and he was brought up in the business...
     
  8. longhaultransport

    longhaultransport Light Load Member

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    $2300 down and $1100 a month is $15,500....just sayin.
     
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  9. Rbt602az

    Rbt602az Bobtail Member

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    Are you guys paying this upfront? Thx
     
  10. 24kHotshot

    24kHotshot Medium Load Member

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    My renewal quote this year was $11,315 if I pay in one shot and over $14,000 if I did payments.
    Paid it upfront.
     
    Lite bug Thanks this.
  11. Lite bug

    Lite bug Road Train Member

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    Did Theresa able to get a reasonable number for you ? A random call I got from a insurance guy the on Wednesday about my upcoming renewal, I asked questions about newer Carriers rates. He told me the same information as taking a couple of years until rates start coming down. If I recall you are about 3 years on your numbers. Again he said cars were more and location were the most cost driving factors. Good that you have prepared to save a couple thousand by not financing.
     
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