I agree with the lawyer aspect. If anything a call from a lawyer holds a lot more water than you as an individual.
As for a check being sent, if its not cashed, the sale hasn't been funded. The finance co can cancel the check, the dealer can choose tovlet you walk.
"Running the wheels off" is not how you make $ and stay afloat in this business. Wanna know how I know? I started out as an o/o doing hotshot 4yrs ago. I had paid for equipment. I had 10yrs of small business ownership experience. I however had zero trucking experience and got taken full advantage of by several companies I leased on to. I learned some very expensive lessons that I could have avoided by just taking a driving job.
I know enough to warn you of the pitfalls, guys like @Ridgeline and some others have the amount of knowlege that I strive to have one day.
I'll tell you this. Unless you have A LOT of luck, the chances of being successful at your operation isnt good.
HotShot Equipment Return Question!!
Discussion in 'Ask An Owner Operator' started by skeeteryoumans803, Jan 3, 2019.
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I'll tell ya another thing. I don't see hotshot carriers being widely used outside of areas that have oilfields. Sometimes theres small stuff needed asap out at sites that can be brought in quick with an expedited service. But anything you can haul on a gooseneck I can haul on a flatbed.
Do you have a baseline cpm of costs to operate?
Insurance, fuel, equipment, etc. Are just a couple of your fixed costs. On top of that you have variable costs. Any ideas what those are? You can easily be over $1/mi just to operate. Any idea what freight rates are? Because if you can only run your equipment for operating costs you're gonna lose. If you think "well I can make it up on the next load" then you snowball and you're losing revenue.
Landstar has a hotshot division, if you've got a good driving record and the equipment, they might be an option for you. But know your costs before anything else. -
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I dont wanna scare you off, but jumping out there is exactly what I did and it didnt end well. If Id have had a little more patience and Landstar doing hotshot at the time, I might've done better.
Just know your #'s. No one ever made anything of themselves not trying and risking failure.
I also wouldn't run a 1 ton. Not enough capacity that a 4500 or 5500 has. -
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Lots of them like to make it look like you run out buy truck and trailer in SUCCESS. Like a magic trick it just appears. They conveniently leave out all the real/important details. -
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JonJon78 Thanks this.
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