New Owner Operator

Search I listed this off before.

Ca is $250 now ? I think idk can't remember

How do you have an insurance quote with no truck?

You need to figure out if you are going to be a sol pro, Llc s Corp ect.

If you are doing a DBA pay for that.

If you are staying in Cali you don't need anything but your Ca# once you get it you will get a dot #.

You need to sign up for drug testing $60/ year

Need a bit on your truck $90

I spent $600/ week on fuel.

 

I think @double yellow is from CA and could tell you about it?

 

Their are online permitting services that offer package deals for DOT, IFTA, 2290, etc. Somewhere in the neighborhood of $1500 to $3000. Depends on whether you will be operating interstate or local. Also depends on what you are hauling. Exempt versus non-exempt commodities. Those services I mentioned above can also file LLC's or DBA. You should probably consult a trucking attorney or tax professional. I would think you should be able to be completely ready for under $5000. Excluding the truck and insurance payment of course. Try and set aside two months of fuel money. Ryder and Penske charge $0.21/mile for maintenance. Factor that in if you have any estimates on the mileage you will be running. Good luck

 

https://www.chp.ca.gov/CommercialVehicleSectionSite/Documents/O%20chp800h.pdf
That should tell you what you need for the CA number and BIT inspection.

You will obviously want a CARB compliant truck. Regs here: http://www.arb.ca.gov/msprog/onrdiesel/onrdiesel.htm

$6k/year insurance sounds very optimistic for a new venture in a class 8 truck, but maybe local costs less. My first year was nearly $8k, and others have spent $12k or more. Plan on spending the better part of 1 week making calls to various insurance companies and brokers. You'll be amazed at the price differences, and also by how long it takes for some to get back to you with a quote

Plate will probably be ~$2200/year. I'm not sure if you also need to pay hvut ($550) if intrastate.

Diesel cost will be the miles you drive divided by the mpg you get, times the cost of diesel. 2000 miles / 5mpg × $2.70/gal = $1080/week

Don't expect your invoices to be paid before day 30, and don't be surprised when some go past 40. Some may pay sooner, but don't count on it.

Since you're doing intrastate work, you will be charged sales tax on your truck (7.5% times the purchase price -- $3,375 on a $45,000 truck) when you first register it.

Have at least 6 month's worth of living expenses in liquid assets to cover bills if your business doesn't make money for a while.

For unexpected major repairs, have at least another $10k available at all times (if not cash, then at least a credit line or credit card you use only for those emergencies).

Have a separate ~$10k in working capital for fuel, tires, tolls, etc. Once you have a better idea how much your normal business expenses are you can adjust this up or down.

 

snip ($6k/year insurance sounds very optimistic for a new venture in a class 8 truck, but maybe local costs less. My first year was nearly $8k, and others have spent $12k or more. Plan on spending the better part of 1 week making calls to various insurance companies and brokers. You'll be amazed at the price differences, and also by how long it takes for some to get back to you with a quote) snip


You aren't kidding about this. It is amazing how many agents will take your information and Never get back with you, wont answer emails, wont return phone calls. And the price difference is unreal, I had quotes ranging anywhere from 7k - 16k,