Trucking Business 101: Can I Get My Operating Authority with a Rental or Lease Truck?

[@TruckingFromScratch]

👕 Get your Mind Your Trucking Business T-Shirt: truckingfromscratch.myshopify.com

[@bonnieanderson429]

Shout out to ALL the truck drivers that kept commodities moving during the pandemic! Truckers are truly the backbone of America! Thank you All And God bless!

[@mrsyyoung]

My business partner and I are new to dispatching and trucking we recently started the process but felt stuck. After finding David on KZbin and all his valuable information I decided to book his 1:1 consultation call and it was the best decision ever. He was punctual, informative, thorough, transparent, and most of all knowledgeable. David I wish you continued success with all your current and future endeavors! Keep up the great work and thanks again for your guidance!

[@londonboy3046]

You can use your personal car (or any car) to start your authority. Insurance will be cheap so that you can age your authority before you buy/lease/rent a truck

[@isweatglitter5809]

That’s a good idea. Wish I knew that before.

[@dameli1010]

So if i use my cargo van to help age my authority am i adding commercial insurance on it or regular auto insurance?? Are u adding the car just for aging the authority. What about inspections etc??

[@jjjr243]

@@dameli1010 any more info on this I was thinking the same thing?

[@jjjr243]

So is this possible I was having this idea with my cargo van?

[@dameli1010]

@@jjjr243 I added commercial insurance to my cargo van and letting it age 3 months. Do the minimum insurance needed while aging. I'm about to start cdl training so I'm letting it age until I complete them I will launch my trucking physically

[@TheDanson000]

Thoughts on this: 1.) I found I couldn't rent a trailer without 5 trucks or more in my fleet and 3 years active Authority; 2.) The authority needed to be active to get a truck; 3.) I realized that [renting/leasing (getting the truck)] could be done with [leasing (signing the truck operate under someone else's active Authority)] to a carrier since they would have the trailer is a much better option when starting-Landstar, Mercer, Fedex, Ups, or prime; 4.) Mirror what other successful people have done repeat that exactly; 5.) Become a dispatcher because it will show you how to get loads; 6.) Become a broker or agent with an owner operator company; 7.) Treat people well. Pay them accordingly.

[@SwaggaC]

Can you elaborate on 1) and 2)

[@Ur_Mothas_Lova_716]

Pretty cut and dry he laid it all out there . 1 They require you to have your company set up for 3+ years to lease a truck . 2 they won’t let you rent a trailer if you only have 1 truck

[@AbcXyz-rn2lz]

All those power only you listed don't do new authorities. Ryder lease and rent don't do trailers for solo; like you said... Amazon supposedly does power only sooner than the rest It's the same even if you have a clear title on a truck... You gotta know someone or have a trailer. I had to save 16k and get a trailer, then went to mercer when CSA built up

[@MrClevelandMade]

Maintenance and road side assistance is included in most rentals. That’s a upside of renting

[@j-power6061]

Agreed, and for any reason, you need to exit the trucking business. You can because you don't have a financed truck. You can return the rental truck and walk away.

[@TheMOTIV8Xperience]

@@j-power6061 Exactly!

[@jaymo5085]

Great to see you back. Please keep the videos coming.

[@markperkins3740]

Welcome back david. Thank you so much for all you do for us. I have a suggestion. Write all your major bullet points on the whiteboard ahead of time. That way you can just point to them and it'll save you some time. Thanks

[@LyokoboyTC]

I feel like your video did not answer the intended question. I’ve ran the numbers for the past two months on renting a sprinter van charging approximately $2.50 per mile per DAT national average. It is hard to obtain profitability yes, but how do you activate your authority on a rental?

[@Bankroll_Lauryn]

Exactly how do you do it?

[@rack1rack1em]

It’s about insurance, you have to have your insurance or a insurance to use for the van. So find the company you are gonna lease on to or get your own insurance. Then get whatever else is necessary if needed if running on your own, llc, mc, dot etc

[@Suziee_Suee]

Have you figured it out? In most cases when renting sprinter vans or box trucks insurance is already attached by the leasing company. Please help!!a

[@dameli1010]

@@Suziee_Suee when renting you need your own insurance $$$

[@TeeStillStanding]

I activated my ins with a truck vin I got online. Then u modify the rental truck vin once ur in the actual rental.

[@HARPREETSINGH-qw5st]

Good to see you after long time 😁

[@antor.j.medrano]

You know it's learning time when David starts teaching.😀

[@emmanueldassas]

Great advice as always. Thanks for sharing. And thank you so much for taking the time to talk to me today. It was a great call. Lots of great info. I truly appreciate it.

[@emmanuelscott5804]

You're very savvy and sharp Sir 💯

[@spirituallysoaringhigh6089]

Thanks Mr McGill jus wanted you to know we have been watching since we started our business since last January it is growing already...also I have also started a consulting/ backoffice company to service motor carriers... I really learned a lot from you... thank so very much

[@TruckingFromScratch]

What’s your email address? I would like to reach out

[@spirituallysoaringhigh6089]

@@TruckingFromScratch [e-mail]

[@Burner_Acc]

Glad to see you back Man. Great information as always. Thank you

[@KyleSconiers-l6g]

Can someone please break down how to activate Authority while renting . Step by step please! 🙏🏽

[@eddysoto5928]

Thanks for the info you definitely helped me make a smart decision!

[@RyanMalik-n3h]

i want to rent out a flatbed 53' can anyone please tell me the any website from where i can rent out the trailer ?

[@LionHeartCUBANO]

Welcome back!!!

[@dollyjohnson28]

I use roetells for my truck and my motorcycles, awesome product!

[@oscarmikeexpress8430]

Why do you need insurance if you're renting a truck? They already have a loss damage waiver (LDW) offered when you rent. I know there cargo insurance, but why commercial vehicle insurance?

[@jarellesmith4285]

Can I have a person who wants to lease under me with a leased truck get a DBA as my company name so when they get truck lease they can use my insurance policy as proof of insurace?

[@TimmayRat]

What are good loadboards in the West for box trucks?

[@patrickarmour7168]

Can you tell me some company that I could lease a truck from just trying to get started

[@samuelabebe1354]

I'm not sure where you got the $1,000 per week rental rate, but I got written offers for $490 per week (maintenance included) + $0.15 per mile so your numbers for rental are over inflated.

[@TruckingFromScratch]

If you drive 2500 miles per week (which is very realistic) at your current written offer, that’ll be $375 plus your $490 equals $865/week so it’s not as far off as you may think.

[@donnasheppard8473]

It’s actually not inflated if u do some research

[@buetifulkay12]

Who are you renting from?

[@SoulJavalinSpear]

Anyone knows of a company that will allow you to rent a semi-truck with new authority? I tried COOP but the DOT must be active for at least a year. Penske and Ryder will with new authority but much more expensive deposit

[@jconchas1]

Good question that is the Question that brought me to this video. Looking for info on different companies down payment and and weekly charge for a rental semi

[@HannonBeatz]

CTI INSURANCE

[@toninewman8074]

It definitely was exactly what I needed to know. Thank you!

[@jctrkstr]

Doesnt insurance help or pays for a rental ?

[@jojoharper5573]

What do you think is this best way to go.. ready to expand from one truck to 4 trucks. Should I buy used trucks or new trucks or should I lease new trucks.. want to attract drivers

[@michaelzma9102]

This is an EXCELLENT video

[@blessedredeemed1trophy712]

Yes very helpful answered just what I needed to know .

[@johnold5409]

I'm 58, Debt free, have 10k left on my house, I have no family..... and an introvert... I start Trucking School August 30th, plus reply if you are looking to rent or buy trucks..

[@DelilEmir]

You are starting ?

[@amashfaqmohammed1]

is their any way i can talk to you please let me know i have few questions to ask.

[@finalout99]

You’re alive!

[@KuDot1]

Hey i ran into a problem with progressive commercial insurance when trying to get blanket coverage, what insurance companies would you recommend for blanket coverage?

[@HNDispatchLLC]

what about uHaul trucks

[@aronogbay72]

Great job bro !

[@arismendy2004]

Which information??

[@suaatuatasi6176]

Could you rent a truck and run under someone else authority and be profitable? say I want to run under my boys dot but I don't have a truck could I rent one and profit say if I cut him 15% of my earnings a month. Plus rent on the truck.

[@2guysnatty21]

Awesome vids as always. Just wanted to thank you for your priceless information during our consultation. You definitely A1 in my book 💯🙏

[@CoachTR]

Question: Can I use my small suv to start a delivery business?

[@victordls]

Budget (and other rental companies) dont want to rent me a truck if i plan doing more than 100 miles a day. Well, I want to do over 2 thousand miles a week. Can anyone advise me on this? I'd greatly appreciate it. thank you.

[@TheMindIsAll]

Any loopholes for businesses under 2 years for leasing straight trucks?? Thanks.

[@TayG_9Deuce]

I know what a vin is but how u know the value? As in the price of the truck?

[@benayahisrael2118]

Call rental company and ask

[@TayG_9Deuce]

@@benayahisrael2118 shalom ach...that's all I wanted to know when they said value if they meant the price

[@benayahisrael2118]

@@TayG_9Deuce shalom ahch. I just went thru all that today. They want to know the value of the truck if it was sold today. If you’re renting from budget it’s prolly around 40k

[@JuanJimenez-hv6cp]

David, Awesome information like always! Please make a video about renting vs buying trailers when starting.

[@mrsvanessahicks]

I was thinking this same thing

[@tyronecraig630]

Yes it was thanks my brother appreciate it 💪🏽🙏🏽👍🏽💯

[@jeremyhasz1316]

Ryder you to lease from them you have to be in buessniess for 5 years or more

[@vibingwithjg]

David best place to get a truck from and since you don’t have your cdl license how do you find your driver

[@jaewright3070]

When renting do i have to including the collision and comp deductibles on my insurance for who I'm renting from?

[@beemerguy2160]

Lol

[@S.L.T.S.21]

How do you calculate cpm when rent a box truck or sprinter van

[@kimayabaker3301]

Hi trying to get into the semi rental business , do you have any advice on how to get started ?

[@stonestanza]

Great content....my Uthority went active...penske has me at 675 week 11 cent mile......can you get brokerage n book.yiur own loads??

[@jaysofresh3482]

Can you just operate with your ddot until you get the authority

[@kenneththompson9493]

Please keep making videos

[@michaelsills6182]

I just watched your video on getting your authority with a rental or lease. Would it be profitable to operate your business with all leased trucks? Not a short term but a continual lease? Thanks

[@TimmayRat]

Yeah but how?

[@navoisabutler1st.719]

Hey David! Whats the best Chicago based company to lease under to build capital for your business

[@raulguzman1885]

Can I get my operating without having or renting a truck

[@jnenski361]

Yea, I was thinking on this same subject. But, I don’t see it as profitable. Due to the issues of a “new company. “ plus, why pay a 6k on a rental. when that 6k can be added to a down payment on ur own truck.. I’m still waiting, myself.. but all information is great even just to play it out in ur own head. Thanks McG..

[@wholevibe1778]

some people do not want the headache. they lease the truck

[@beemerguy2160]

No shyt lol

[@oldslegend6710]

This should help a lot of people

[@reeneejackson4685]

Can you get authorization using a pickup with a trailer?

[@palmbridge2987]

How much you pay for insurance a month and who are you insured with brother?

[@laraymichaels5117]

Actually very useful info.

[@mikefromyoutube1167]

Hey how do I get a hold of you David?

[@TruckingFromScratch]

Contact link is in the description

[@cardezford2109]

Very informative video! Keep the hood contact Coming ✊🏾✊🏾✊🏾

[@john66039]

I like your explanation bro

[@cliveleahing1263]

hey i ordered the trucking loss and profit off your site but the excel file is locked how can i get this fixed. couldn't find any other contact for you thats why im messaging you here.

[@TruckingFromScratch]

What’s your email? I’ll send you the password

[@cliveleahing1263]

​@@TruckingFromScratch [e-mail]

[@p.treyben5567]

David, thanks man. What would the cost be to finance a truck? Also could you do a video on understanding the market? You mentioned it in this video. Thanks again!!

[@JD-dw1dr]

Is that truck rental include maintenance?

[@dameli1010]

Yea

[@onyedikaokonkwo2407]

How do you attract drivers?

[@YounqqBoss100]

Do you think it's profitable to run box truck out of Indianapolis and to be home daily ?

[@devinj3705]

What’s a good place to get IRP started here in Indiana?

[@VenusIsuzuTruckRepair]

Thanks 🙏

[@beautystyle8516]

Hi David this is Gyna I subscribed to your channel and I have questions about loading the goods. Do you have to load the goods and unload by yourself?

[@georgemk4370]

Thank you

[@brandonjohnson6366]

Do you allow owner operators to lease onto your authority

[@onenightstan3635]

Good afternoon, my name is Morris. I've been in the industry as a company driver for a little over 4 years and I'm doing my research before starting my own company.. I found your KZbin channel to be very informative. I wanted to reach out and see if you do consultations. Please reach out when you can. Thanks.

[@reallyjonez2610]

Can’t you just rent for a week, get authorized then get your truck?

[@kylehenry3668]

David, can you send a employee to a job that is asking for owner operators???

[@acaciaeight16squared68]

Great podcast

[@JD-dw1dr]

Can you get authority without truck?

[@rudyjoe129]

Hey David, I appreciate what you do on here. Also I would like for you to know that I believe someone made a mock page impersonating your page and channel. I clicked on the page and it has zero subscribers. And no videos. They commented on one of my comments on another trucking video

[@TruckingFromScratch]

Thanks for the heads up. Can you send me a screenshot to [e-mail]? Thanks

[@rudyjoe129]

@@TruckingFromScratch yea definitely.

[@CHICAGOBASEDGOD]

Any advice, in Illinois they won’t allow me to purchase my truck without hiring a driver first?

[@jnenski361]

That’s BS.. but, u should have sumone .. who can drive to get u a pre buying advise, of that truck value of making u a profit.

[@brandelanmccoy1395]

FUNDING

[@daniellerobinson9442]

When starting out do you think it’s best to start off interstate or intrastate

[@surname037]

Interstate

[@MrCool80Breeze]

You do broker consultations?

[@tuueselemoe8370]

Can I use my DOT from my old job to drive my own company truck??

[@ALL4SCUBA05]

Use the DOT # that belongs to your old boss? Noooooo. You have to get your own.

[@ravenssince962]

How long do it take to get authority back once applied?

[@ryanstoneallen3115]

Great information thank you brother ✊🏿💪🏿💯

[@truckingeveryday5703]

Hey David what compliance company do you use thanks for the info!!!

[@roberthyde6427]

Do you offer accountancy services for new trucking companies ?

[@TruckingFromScratch]

Yes, what’s your email address?

[@younghandsome3447]

And I was informed that you have to be in business for two years in order to be able to rent a semi for your business.

[@mele9305]

How does a person get in contact with you.... I have a bunch of questions ...

[@TruckingFromScratch]

davidmcgill.as.me

[@cassiadiscipula12]

I saw in one of your videos that you do taxes for trucking company. How can I get you to do my trucking business Taxes?

[@ALL4SCUBA05]

You email him.

[@J3FFR3Y2XL]

I would love to drive for an owner like you D.. Thanks for the great content.. Been watched for over a year.. All super helpful!

[@simozaki692]

Can you own a trucking business while working a full time job ( working overnight)?

[@brandelanmccoy1395]

YES IF YOU ARE ABLE TO HAVE YOUR PHONE ON YOU THE ENTIRE TIME OF YOUR SHIFT AND CAN STEP AWAY AT ANY GIVEN TIME TO ADDRESS ON WHATEVER MAY OCCUR. BUT YES IT CAN BE DONE

[@meanwhile4308]

Great info....

[@sevenmarket9981]

Do you help getting authority packages? Or recommend a place?. I just bought 1st truck and trailer got the llc and waiting on the ein. Been watching your videos looking for good advice

[@CHICAGOBASEDGOD]

Any advice, in Illinois they won’t allow me to purchase my truck without hiring a driver first?

[@juniorjiovannie4485]

​​@@CHICAGOBASEDGOD bro be the driver. Just get it up and running

[@Uniformblvd]

You can tell this guy smart just from the pamp bar on his neck

[@cordellelam9758]

David, are you still doing consultations? I need some help.

[@TruckingFromScratch]

I just updated my calendar. Link in the description.

[@cordellelam9758]

@@TruckingFromScratch Thanks!

[@harlemharlem3353]

The goat