Username:

Message:

<p>[QUOTE=&quot;1arko23, post: 10816861, member: 305143&quot;]Hello, sorry for the long post but wanted to get some insight into my plan for 2021.</p><p><br /></p><p>Backstory...</p><p>My father in law started driving July 2019 by finishing Salt Lake Community College CDL school, and against many peoples advice, buying a brand new 2019 Volvo VNL 860 I-Shift Automatic Tractor with used Reefer Utility Trailer. Almost two years later and he is very happy where he is financially. He was showing me the books (very organized knowing where every dollar goes), and it got me interested to get my CDL and start driving as well. He drives reefer loads from Utah to Midwest and Back. Takes about 4 days on the road and 3 days home.</p><p><br /></p><p>I started my CDL school and hoping to get into a truck around July 2021 due to needing to hold my job for childbirth and health insurance.</p><p><br /></p><p>My questions:</p><p>Being a new driver I will be looking to buy a brand new truck (Volvo VNL 860 I-Shift) or fairly new truck with less than 200k miles on it. Leaning more towards the brand new. I may opt out to get a Dry Van Trailer and see how that goes running from Utah to Midwest.</p><p><br /></p><p>Is it better to start my own business, with new MC and everything else, or should I consider adding my truck to his existing business and operate under his authority?</p><p><br /></p><p>How would I go about financing options? Would I need to get financing on my name, or is it better to get financing under the business he owns?</p><p><br /></p><p>When it comes to taxes? What is a better option? Going on my own, or adding a truck to his business?</p><p><br /></p><p>Our goal is to have a small fleet and eventually find a piece of land to open up service and parking for Semi Trucks (10 year goal).</p><p><br /></p><p>My wife has been dispatching him and I plan for her to dispatch me as well.</p><p><br /></p><p>Another concern for me is health insurance for myself, wife, and 2 children. That may be why I have been at my company for so long and not ventured out on my own in trucking or other business. Working for the company is paycheck to paycheck but safe. </p><p><br /></p><p>Thanks[/QUOTE]</p><p><br /></p>

Your username or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?