start up cost dually

Discussion in 'Expediter and Hot Shot Trucking Forum' started by rjohnson_6, Sep 15, 2019.

  1. rjohnson_6

    rjohnson_6 Light Load Member

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    How much will I need to start up a hot shot dually business
     
  2. Bakerman

    Bakerman Road Train Member

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  3. rjohnson_6

    rjohnson_6 Light Load Member

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    I been putting back money just was tryna see how much I needed to get started
     
  4. Lite bug

    Lite bug Medium Load Member

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    Brokers pay in about 30 days in general. The gimmicks start there with factoring companies wanting to buy your receivables for a percentage. Most brokers have a quick pay for 3%. Your insurance comes out whether you are running or not making a profit or not. Fuel every day. Most guys say you need about 60days of cash. I just ran on a bank card and payed it off when it came due. I still do that but keep more than I spend. I remember starting out I was leased to a guy trying to run all over the country driving as much time as I could get in. I looked at all my records after 6 mos. and told my wife I don’t see how anyone makes any money doing this. I am not trying to be a downer but IMHO a fellow needs to be able to call his own shots. How do you do that starting out, with no experience. No freight, or reputation, no contacts, and no one to learn from makes this learning curve longer than it needs to be. This forum is very beneficial, I found a wealth of intel here. My suggestion it to hook up with someone with years experience and learn with them. If you are able to get some good paying freight out of your location that is a way to start building. I don’t have a short answer to your question. I will say think about longevity how do I stay in operation 6 mos. then one year and so forth.
     
    D.Tibbitt Thanks this.
  5. rjohnson_6

    rjohnson_6 Light Load Member

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    So do you think 10k will get me start far as a down payment on new truck and trailer llc number dot number insurance equipment and etc or do I need a lil more
     
  6. Bakerman

    Bakerman Road Train Member

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    I started with half that back in 1996, but I also had a big line of credit available to me.
     
    Lite bug Thanks this.
  7. Concorde

    Concorde Heavy Load Member

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    You’ll probably need 10k just for insurance.

    Start with getting a quote on insurance..
     
    Lite bug Thanks this.
  8. rjohnson_6

    rjohnson_6 Light Load Member

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    For the truck and trailer itself you think I would need 10k for a down payment you’re sayin jus for insurance
     
  9. rjohnson_6

    rjohnson_6 Light Load Member

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    I’m sure I can go through my bank to get truck plus 4-5k down on the truck I’m jus trying to see a ruff estimate on how much I will need total for everything
     
  10. Bakerman

    Bakerman Road Train Member

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    I guess it all depends on how committed/motivated you are to make this happen.
     
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