If I put this truck in my personal name?

Discussion in 'Trucking Industry Regulations' started by Dino soar, Mar 15, 2025.

  1. Dino soar

    Dino soar Road Train Member

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    My accountant tells me I can purchase a truck and put it in my personal name and then resell it to my LLC when I'm ready to put it into service.

    I'm looking for a dump truck and my question is if I buy this truck most likely from out of state, can I drive it home with my CDL and a medical card if it's in my personal name?

    I also have things to do here that are specific to my property. I have excavating that I need to do here and I need to haul some things out and haul some stone in.

    This is only for my own personal property that I own that when I'm done with these personal things then I'll finish the repairs to the truck and resell it to the LLC.

    Can I legally do this with only my medical card and my cdl?

    I'm not part of a Consortium and I really don't want to start that or pay that until I actually put the truck into service commercially.

    Can I legally drive the truck home with my CDL and medical card and can I use it for my personal things here until I put it into service?

    @brian991219

    And yes this positively is only for me, only for my property, only for myself and no one else until the truck is resold to the LLC and then I will have the Consortium and everything else that's required to legally run the truck through my LLC commercially.
     
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  3. JB7

    JB7 Heavy Load Member

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    Last edited: Mar 15, 2025
  4. JB7

    JB7 Heavy Load Member

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  5. brian991219

    brian991219 Road Train Member

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    If it is truly personal use only, no commerce at all, then yes if it is insured and registered or younhave a in-transit/temporary permit.
     
    Dino soar Thanks this.
  6. Ridgeline

    Ridgeline Road Train Member

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    Not to be the llc hater but why doesn’t your accountant just have the llc lease it from you and those payments become passive income?
     
    Sons Hero, wis bang and Oxbow Thank this.
  7. Long FLD

    Long FLD Road Train Member

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    A truck isn’t a commercial vehicle until you make it one. I’ve driven trucks home to the Midwest from WV, PA, and MT and had zero issues.
     
  8. larry_minn

    larry_minn Light Load Member

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    I have e-mailed Dot questions after reading FAQ section. Within 2 business days get response. I bought truck, trailer. Within state. Called insurance. Gave them Vin #s got insurance, got it, drove it home. IF I want to go interstate? Then paperwork multiplies. But if not for hire, POV use I would check legal sites where I get name, Officer info on response.
     
  9. PureLeafTea

    PureLeafTea Light Load Member

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    Sorry folks. If it’s just you if something happens all your fancy tricks will be undone.

    Where is this LLC getting the money to buy the truck from you? You aren’t The Fed. You can’t invent money out of thin air.
     
  10. Grumppy

    Grumppy Trucker Forum STAFF Staff Member

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    If its in your name as a private vehicle, its no different than your family car.

    I have a one ton with a 20 ft trailer that I haul my tractor, mini-ex or anything else, with for my personal farm. It's all in my name and insurance for personal use. It has nothing to do with DOT or FMCSA.

    You can have a full blown 80,000 lb tractor / trailer.... if its registered to you for personal use... it has nothing to do with DOT or FMCSA.

    As for having a class A CDL... that doesn't change anything.... just like driving your personal family vehicle. CLD has nothing to do with that.
     
  11. Sons Hero

    Sons Hero Road Train Member

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    My farm, personal, and business accounts move money around regularly. Don’t have to invent money. As far as fancy tricks, I don’t see anything shady going on, put insurance on it, and run it home like a personal vehicle. I’ve done that in a truck I bought once, zero point zero issues
     
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