My buddie has a towing service, he repos also, he's trying to talk me into repo'n for him. These repos are more surrendering of the vehicles, and pick ups at the banks, action runs. My question is, can Goldie roll with this?? You know she pulls like a b@tch, and great on fuel, dependabilty is her name, but a regular cab 2wd? Maybe I'm not giving her enough credit. I love my Goldie!!! and hes gona hook me up with some sneaky hydrualic towing deal.

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i say go for it, i repo as a second job, and i do it with a bone stock, 95 chevy 2500. Its a great way to make some money, just make sure you get to keep the hydrolic system if your paying for it, and that you get a good percent of repo. I know using a company truck, i get 7 percent on true repos, and 4 percent on bank/ auction runs. So being a technical owner opperator, you should be getting a pretty good chunk. Good luck with it.

 

My buddies gona let me use the Sneaky sneeker lift fer as long as I want to, he's got two laying around, he's making it well worth my while, he says it's hard on his trucks, but I think Goldie can handle it

 

then go for it, just make sure you go over your truck real good if you havent already. Make sure you keep good clean fluid, good shocks, cause the hydraulics are f-ing heavy, and make some money.

 

Just be sure that you are DOT compliant.
You need DOT#s, maintenance records, medical card, etc.
It's not as simple as just setting the truck up, you need to be legal for the business you do, as well.
There's also REQUIRED saftey equipment, Fire Extinguisher, Safety Triangles, extra bulbs, fuses, proper tie downs for your equipement, and other items

On my Carhauler, I pay @ $150 a month for the bare minimum in liability insurance to haul my own stuff on and off my property and I haul JUST MY PROPERTY.

If you're "For Hire", there's more requirements, mostly insurance and registration related.

If you plan on going across state lines "For Hire", then the Feds want you to register a Motor Carrier (MC) number, with that comes a MINIMUM Liability requirement of $750,000 and a cargo coverage (On hook) requirement.

You should check with State and Local Laws, plus go to the link below for the Federal (most States are similar) requirements.

Federal Motor Carrier Safety Administration

Mark.

 

Insurance isn't bad, he's giving me all the equipment, and I'm getting all my DOT crap together now, and I wont be fer hire, basically subctracting.

 

Subcontracting is still considered "For Hire".

Most people wanting you to move cars will want to see AT LEAST $100,000 in damage coverage, some are wanting $150,000.
Trust me, check it out very thoroughly before you get real money invested in this.

If you're only in your own State, the Federal Requirements for insurances and and compliance aren't really necessary, but you still have to have the proper "on hook" coverages and comply with the same safety requirements.

Many States are harder on this type of business than the Feds are, even to the point of requiring a CDL to operate over 10,000 pounds, or while doing certain tasks.

Trust me, you NEED to know this "stuff".

Mark.