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car hauling capital?
Posted: Mon Feb 23, 2009 9:05 pm
bobker
Joined: 23 Feb 2009
Posts: 1
Hi everyone,
I'm from orlando fl and im thinking about getting into the car hauling biz soon.we have lots of car auctions here,plus i know some local dealers.
I don't have a cdl yet,and i'd like to start with a new dually dodge pick&3car trailer.i have good credit which will help me finance the truck&trailer and i only have $5000 in cash.I am a hard working man and willing to do whatever it takes to establish my business.
Am i qualified for this or what?how much money it will cost for insurance,permits et c....?your infos are realy appreciated.thanx a bunch to everyone.[/b]
Posted: Mon Feb 23, 2009 9:23 pm
Tom Cobb
Site Admin
Joined: 29 May 2006
Posts: 563
Location: Hurst, TX
I recommend starting here and when you have digested all of it then re-assess what you want to do to be sure this is what you want to jump into.
If you have to finance the truck and trailer and only have $5K cash to start out you are going to be starting out wrong. I will cost all of that and more to start out. Insurance will cost you over $10K alone. You won't make enough for several months to a maybe a year to be making payments on equipt. and insurance.
What will you live on? Do you have other income sources?
DO YOU HAVE A BUSINESS PLAN?
_________________ Former owner/operator of Big T Transport Services - transporting horse and stock trailers, RV's, boats, car haulers, utility trailers, and anything else that can be towed by a 3500 dually.
"GIT Rrr DONE"
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