Weird situation, what's your take?

Discussion in 'Ask An Owner Operator' started by BullNAChinaCloset, Oct 20, 2020.

  1. BullNAChinaCloset

    BullNAChinaCloset Bobtail Member

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    I just got my CDL, and I'm looking at financing a rig for owner operator hot shotting. I don't have my mc or DOT numbers yet. I was talking to people I know in the industry to get all the different opinions I could and it turns out I know someone that has their mc and dot numbers already. They are not active because they were doing something else for work and did not keep their insurance valid. I'm meeting with them today to talk about renewing their insurance, were going to talk about terms for running under their numbers. Does anybody do this and what rate would be fair? He's going to have to carry insurance while I'm driving under the numbers, which Is going to cost a good bit, probably around 3k a month. Do people usually charge a flat rate or a percentage of what I make for something like this?
     
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  3. Socal Xpress

    Socal Xpress Road Train Member

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    With his MC going inactive it makes little sense for you to run his MC. You will be ahead if you run your own.
     
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  4. BullNAChinaCloset

    BullNAChinaCloset Bobtail Member

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    Yeah, well it takes time for me to get those numbers. A few months from what I understand.
     
  5. 4mer trucker

    4mer trucker Road Train Member

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    Give this a read before doing anything

    "Get Authority to Operate (MC Number) | FMCSA" Get Authority to Operate (MC Number) | FMCSA
     
  6. staceydude

    staceydude Light Load Member

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    Your going to pay someone for nothing. Invest a bit of time and start your own process.
     
  7. Ridgeline

    Ridgeline Road Train Member

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  8. BullNAChinaCloset

    BullNAChinaCloset Bobtail Member

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    Jan 18, 2013
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    Well, I get that, and that is the goal but I'm trying to work a way to work untill I can get these numbers. This is a temporary arrangement, I'm wondering what other people are paying to run under someone else's authority. Im sure I'm not the only one.
     
  9. staceydude

    staceydude Light Load Member

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    I think you will find the costly part will be insurance. So have your guy call the insurance and see how much insurance will be to reactivate the DOT/MC with you as a driver. I think you will find it is a large sum of money of which you can pay in a lump sum or installments with a big chunk down. None of this will probably transfer to you if you start your own DOT. You will have to do that all over again.

    So it really does make sense to do your own numbers or you are throwing more money away on his DOT than you will starting your own.

    Just my opinion. It doesn’t take as long as you think it does. Also don’t pay someone else to do it... do it yourself to become familiar with the process. You will know every piece of paper involved in case you need to produce it later. If you are worried about the funds while waiting on the numbers you may not have the funds needed anyhow, there is a thread at the top of this page that goes into about what it will cost you to get going. It is in the thousands and you need some reserve.

     
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  10. Ridgeline

    Ridgeline Road Train Member

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    Hey here is a thought, lease onto an establish company and learn how this industry works.
     
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  11. rollin coal

    rollin coal Road Train Member

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    And then he will know why using his friend's old numbers is a bad idea without having to ask.
     
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