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Own Authority Value, what is it really worth?

Discussion in 'Ask An Owner Operator' started by TTNJ, May 1, 2019.

Page 1 of 4
  1. May 1, 2019 #1
    TTNJ

    TTNJ Heavy Load Member

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    i have seen quite a few folks ads for folks either selling or looking to buy their own authority to avoid the high insurance premiums in year 1. I have heard of premiums as high as $34K in year with most costs around the $20K but saw one reported as low as $8K.

    So my question is what is the true value of having your own authority?

    I have a few other questions but I’m holding those back now to avoid a side bar and sticking to one subject.
     
    TTNJ, May 1, 2019
    TTNJ, May 1, 2019
    #1
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  3. May 1, 2019 #2
    Cat sdp

    Cat sdp . .

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    $300 to me....

    but I guess 1/2 of what someone might save on the insurance new entrant vs established carrier.
     
    Cat sdp, May 1, 2019
    Cat sdp, May 1, 2019
    #2
    TallJoe and AlexanderK Thank this.
  4. May 2, 2019 #3
    TTNJ

    TTNJ Heavy Load Member

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    So there truly is no real value
     
    TTNJ, May 2, 2019
    TTNJ, May 2, 2019
    #3
  5. May 2, 2019 #4
    Ridgeline

    Ridgeline Road Train Member

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    There are two values, one is a perceived value based on age and another is a real value based on what the company or carrier brings with a sale.

    The authority itself isn't worth much but if there are tangible assets like trucks and non-tangible assets like contracts/customer list, then the value is based on those items.
     
    Ridgeline, May 2, 2019
    Ridgeline, May 2, 2019
    #4
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  7. May 2, 2019 #5
    TTNJ

    TTNJ Heavy Load Member

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    I understand the asset part of it but I couldn’t figure out why people selling the authority or looking to buy an existing one.
     
    TTNJ, May 2, 2019
    TTNJ, May 2, 2019
    #5
  8. May 2, 2019 #6
    TTNJ

    TTNJ Heavy Load Member

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    Asset part....I guess I fat fingered that one
     
    TTNJ, May 2, 2019
    TTNJ, May 2, 2019
    #6
  9. May 2, 2019 #7
    rank

    rank Road Train Member

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    Authority is worth $300. It’s what you do with it that might add value from there. Kind of like poker. $300 ante and then it’s all about your skill and how you manage capital
     
    rank, May 2, 2019
    rank, May 2, 2019
    #7
    TallJoe Thanks this.
  10. May 2, 2019 #8
    Scooter Jones

    Scooter Jones Road Train Member

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    I heard that a company named Falcon will sell their authority real cheap.
     
    Scooter Jones, May 2, 2019
    Scooter Jones, May 2, 2019
    #8
    Opus, Rideandrepair, snowwy and 2 others Thank this.
  11. May 2, 2019 #9
    dieselpowered

    dieselpowered Heavy Load Member

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    hehe that's a well-known name they won't sell it that cheap. they want you work for it

    [​IMG]
     
    dieselpowered, May 2, 2019
    dieselpowered, May 2, 2019
    #9
  12. May 2, 2019 #10
    TTNJ

    TTNJ Heavy Load Member

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    You obviously are not aware that they closed their doors.
     
    TTNJ, May 2, 2019
    TTNJ, May 2, 2019
    #10
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