Process in Purchasing an pre-existing authority

Your question will be best answered by an attorney, not an anonymous Internet forum. You will be money-ahead by hiring a lawyer with expertise in contract law.

 

You can likely expect to overpay for something that doesn't give you a whole lot of leg up on anything.
" won't get a new entrant audit" is a plus I've heard. Cept that first time you get pulled over and find out you been doing something improperly with your paperwork; there's no slack given like they'd have gave at that new entrant audit.
"Brokers won't use new entrants" -yeah, like 1 in 20 maybe won't. And they ain't gonna be posting big money freight on a board for any old anybody to pull, more than likely neither.

Unless something good come along with that authority I'd say you got somebody thought they "seen ya coming"

Just my opinion. Feel like to many folks get sold a story that buying a old one is somehow a big advantage.

 

The only advantage I can see buying an old authority is if it came with contracts for direct shippers.

 

Exactly!!!

 

After talking with people who have been through that new entrant audit, I'd say that going through it is a priceless bit of training that should be experienced. The auditors tell you exactly what you need to do to make them happy the next time they show up, and they don't ding you or even judge you if you're not doing it right when they do the first audit.

 

Why would you want to buy a pre existing athority?

 

Some think that an older dot number automatically gives them a leg up with brokers.

 

I'm still offered the same junk loads and rates from brokers leased on at an old MC as I was at a newer one. I'd sure like to know the secret of how an old MC # gets better paying loads, more consistent better paying work, etc from the brokers?