Lessons I Learned Buying My First 26 ft Box Truck with Cash and Starting a Box Trucking Company
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- Опубликовано: 17 май 2024
- If you're starting a box truck business, this video is where I share the lessons I learned during my first month of owing a box truck business start up. You will gain insight on box truck business startup costs and avoid the mistakes I made. Save thousands of dollars starting your business and maintaining your box truck.
Sections:
00:43 FMCSA can be Challenging
03:27 Insurance Requirements Are Not Clear
07:19 Building Business Credit is Easy
09:17 Sales Taxes Are Expensive
10:32 There are Always Additional Costs
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I m on the process of starting my trucking, so I have learned a lot from this video. But I still have a lot of questions.
@@vivvasbillSure. What questions do you have?
@@CaroletteWright1 I reached out to you on IG, but I want to know more about the agent that you need to pay to get your authority and insurance compliances
Hello I came across your video and I just wanna say thank you for all these information, I started a restaurant business and, I wanted to start something else that would be more profitable and trucking and as one of the things that’s came across my mind, with that being said I think your video popped up for a great reason that would be beneficial to me.. I would love to learn more from you please
Getting into a trucking business how do you get jobs, does I need to get a broker, what’s steps do I need to take ? Thanks in advance.
How to stay above ground with dispatchers snatching the loads? Owner/ operator is my position
Thank you for the helpful information!
You’re absolutely welcome!
You are the best.. great advice. Thank you for sharing your knowledge and wisdom. I'm new to the box truck business and need all the help I can get.. thank you mam.
Thank you sister this was helpful
Thank you for the information! I'm in the process of starting a box truck business. Great video!
You’re absolutely welcome!
Im selling my box truck...@@CaroletteWright1
I'm starting a box truck service and I enjoyed your video I would like to learn more about it
Thank you for this information 😇
My pleasure 😊
Thanks for the information you are a very knowledgeable lady.
Thanks for watching!
It's basic information online 😂
Great information. Do you mentor or help others start up initially?
Great video
Thank you!
Good information
Thank you!
If you're gonna get into this business thinking outside the box is key to being successful.. Dont be scared to get on the phone or go in person and work with customers directly especially if you're local. You will be saving them money cutting out the broker and putting money in your pocket avoiding a broker/dispatch service.. Also if you're delivering ask for a Logistics/Warehouse manager seeing if you can bid on some of their lanes, its an easier conversation while already there. I was a broker for 7 years and worked with all the big box stores all across the US, if you have questions just ask.
Hello Dear, thank you for being very informative , do you offer management services?
Hello, I am a new subscriber! I just started my business but there is so many things I have to learn. I having issues with insurance because they say I need to have the vehicle already in order to get insurance. But I decided to go the rental route starting off before purchasing my first truck. The rental companies have commercial insurance. So is it necessary for me to obtain my own insurance even though the rental companies offer it?? Is it the same type of coverage and insurance??
Can you guys recommend reputable Lease-on authority companies? I'm looking to run under someone else authority. Thank you all!!!
Thanks, we are trying to start a new business. Need all the help we can get.
@thresadurham4790 When you’re ready visit me on Instagram and schedule time for us to talk. Link is in the profile above.
10k good to start i realy need this bizz
You will need more than 10K to start your box truck business as a buyer. If you decide to rent, you may be able to flip this but you need to start ASAP because rentals can be costly. Your credit score and driving record will determine your truck rental premium, be mindful you need to have an opportunity ready before you start spending money.
I’m looking to partner with my friend and we are saving up money to start the business and buy a truck. Can you tell me how much you would recommend us to have to start the biz with.
If you have a driver how much do you net per month?
Hello I came across your video and I just wanna say thank you for all these information, I started a restaurant business and, I wanted to start something else that would be more profitable and trucking and as one of the things that’s came across my mind, with that being said I think your video popped up for a great reason that would be beneficial to me.. I would love to learn more from you please
Getting into a trucking business how do you get jobs, does I need to get a broker, what’s steps do I need to take ? Thanks in advance.
When you’re ready visit me on Instagram and schedule time for us to talk. Link is in the profile section above.
Best insurance is Canal not progressive
As somebody who is new to the owner-operator side of the trucking industry. I have some questions, when financing a box truck or even a semi truck, should I put 10-20k to get the truck financed? Or would it be more lucrative for me to put that 10-20k in an LLC account for collateral on business credit? Then use the business credit to get the truck?
Great question.
This question is layered, because you have options and your choices can get complex.
I’ll create a video explaining my response. Your question deserves a greater explanation. I’ll let you know once it’s posted.
Just get it fianced if your new to business how you gonna be having business credit already lol
New businesses can get business credit, but there are requirements. 😉
@@CaroletteWright1 how is that possible if you dont even have income proof
@rigobertoespinoza1685
I never assumed zero income proof. I agree you’ll need something as collateral. Job, contract, business revenue, assets. 🙂
Are you currently hiring drivers?
Do i need insurance to apply for mc or dot on Fmcsa? At what point will i need those things
Immediately
Don’t buy insurance until you know the market you’ll serve. Next buy the truck. Once completed, then apply with the FMCSA for your DOT and Authority.
What asset base lending company do you suggest?
The company is called AFS. Unfortunately, I just found out that my contact has moved over to aircraft equipment financing. She is no longer available.
You may still check and see if they can help or refer you out if you’d like. The owner’s name is Jeff.
Hello Thank You For Share information. I am trying to start a new business. Need all the help I can get Thank You.
Whenever you’re ready, I’ll be waiting!
❤
How did you start getting loads?
I just made a video on how I found loads. It will post next Wednesday.
How do you get box truck contacts!
Great question. Please Checkout my most recent video for the answer. 😉
Is there any help for veterans looking for grants
I am an active duty military spouse. I know there are programs for veterans. I’ll research what I find and share. 🙂
What is the difference with your biz box truck & semi -tractor -trailer OTR type of biz ?
Box truck OTR has less DOT & FMCSA regulations, no IFTA, no clearinghouse requirements, and more drivers available (CDL plus Non CDL) just to name a few differences. All dry van freight is competitive. You need a niche, a specialty, and great service standards.
It can be very lucrative if you know what you're doing
😉
I got my authority in 1 day through a 3rd party company
I’m available if you need any drivers
Thank you. I appreciate that! I will
keep this in mind over the coming weeks. Kindest regards, 🙂
I have a 2018 Freightliner M2 box truck for sale $60,500. Willing to do lease to own.
I have a 2028 box truck for sell, located in NC ❤❤
How much?
@@davidkinkaku9943 I'm sure it's a pretty penny. Got a 4 year jump start on the warranty expiring 😂
@moniquebrown1233 Did you mean to type 2028?
Dang you in the future then I’m still in 2024 so what’s it like in 2028 are flying cars available
It’s NOT WORTH IT market trend is loud and clear
I thought markets were suppose to trend?
Correct but trucking is a high risk business and I think it’s important to empathize that for newbies watching .
Reason 1. Although you correct market are meant to trend we have not seeing a consistency of wealth building off trucking especially for investors
2. What trucking is consistent for. Is cash flow however a lot of trucking companies having accumulate high debt due to constant mechanical issues and fuel price inconsistency dat can’t be controlled by human regulation
3 . Insurance prices are so high wit car note and down payment dat it could take u a while to recoup
4 you on a load board competing with vets in the game and it’s only 1 may 2 broker that’s allowing you to work at extremely underpaid rates
So if u do abt 300 to 1600 perload on low end u do 3500 to maybe 6k then fuel per week if your lucky u profit 1k den u have to pay urself n business
5. The MC had to mature which is abt 90 days for more access 6 months for even knocking at the door and 1 year to kicking in the door so you will need some strong access to cash flow n end goal or mind set should be 18 wheeler in my opening cause the rates makes more sense and I did both
Disclaimer u could make some money n could b fine but you need to do some soul searching and don’t get caught up in the glits b glamour this could clean out ur account if not well accounted for you have to be a shark n remember u will neva Eva Eva get bak price of what you pay for the truck so u gonna be loosing if u not earning I’m done thank you
Nothing can be on the bottom forever, scared money makes no money.
The intelli part of the name can’t reference intelligence right? Because…yea.
Get rid of the greedy brokers and it will be good
I'm in Maryland 21801
I'm available anytime to be a driver.
Where are you located
❤
Thank you, received!