Is it helpful to buy an older Mc number?

Discussion in 'Ask An Owner Operator' started by Newtrucker1983, Jan 19, 2019.

  1. Newtrucker1983

    Newtrucker1983 Bobtail Member

    27
    0
    Jan 19, 2019
    0
    I have one year in as a business and think if I can buy a Mc number that has 5+ years it might open some doors for me
     
  2. GreenPete359

    GreenPete359 Road Train Member

    2,149
    5,094
    Oct 21, 2017
    Driving my recliner
    0
    Or you can just open your own mc & open the same doors at a fraction of the cost

    Aged mc/dot numbers hold no value by themselves. They need to be accompanied by assests & revenue producing freight contracts.

    Cry me a river about the 10 brokers who won’t work with new numbers.....that’s like getting upset the ugly chick don’t like you.
     
  3. ast26909

    ast26909 Medium Load Member

    408
    264
    Mar 1, 2018
    0
    What's about the value of mc/dot having good records that would allow lower insurance rate?
     
  4. GreenPete359

    GreenPete359 Road Train Member

    2,149
    5,094
    Oct 21, 2017
    Driving my recliner
    0
    It won’t. The owner is the insured. You’ll have to buy a new policy.
     
  5. ast26909

    ast26909 Medium Load Member

    408
    264
    Mar 1, 2018
    0
    Yes, but when I go and shop for insurance the insurance companies will check the dot/mc records and see it has good standing thus I would get good insurance rate. Is this not true?
     
  6. GreenPete359

    GreenPete359 Road Train Member

    2,149
    5,094
    Oct 21, 2017
    Driving my recliner
    0
    I highly doubt enough of a discount to make worth the investment.
     
    Bean Jr. Thanks this.
  7. ast26909

    ast26909 Medium Load Member

    408
    264
    Mar 1, 2018
    0
    New authority insurances are regularly quoted $24k or even more for first year, some can't even get insurance. I went from $16k first year to $9k second year so I would say it's definitely worth the investment IF an aged authority is treated NOT as a 'new guy' by the insurance companies.
     
  8. GreenPete359

    GreenPete359 Road Train Member

    2,149
    5,094
    Oct 21, 2017
    Driving my recliner
    0
    Your business, your decision. I can’t tell you how to run your business.

    I can tell you i just don’t see it being worth while. To much involved & to easy to open your own.
     
  9. little cat 500

    little cat 500 Road Train Member

    2,048
    1,094
    Jan 17, 2010
    Abbottstown PA
    0
    Say you buy my MC # you don't get my insurance with it so its a waste of time get your own there like 300 bucks
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.