How to start a car transport business
small van carried on a breakdown truck image by L. Shat from Fotolia.com
Businesses and people move constantly each year. This creates numerous opportunities for those interested in running a car transport business. Auctions, car dealerships, and people moving to a different state or even a different continent may require the services of a car transport business.
- Businesses and people move constantly each year.
- Auctions, car dealerships, and people moving to a different state or even a different continent may require the services of a car transport business.
Buy trucking software to help you with your bookkeeping, record keeping and administrative needs. Make sure the software will help monitor mileage and routing, driving management, alerts, fuel-tax calculations, payroll, revenue and freight billing.
Obtain permits and licenses, such as your commercial driver's license (CDL). Community colleges offer classes to help you get a CDL. The U.S. Department of Transportation has the requirements for running and registering a car transport business. You must submit an OP-1 series form and have insurance and agent documents before the Federal Motor Carrier Safety Administration (FMSCA) can approve your car transport business.
Buy insurance on the trucks you'll use in your car transport business. Each insurance company offers various services, such as liability coverage. Review your needs to see which company fits your needs best.
Get a USDOT Number. You will get this number once you enrol into the FMCSA New Entrant Safety Assurance Program. In some states, this number isn't necessary. The government uses the number to identify your company when gathering information for audits, reviews and inspections. Register with an auto transport broker that can catalogue quotes and rates for clients.
- Buy insurance on the trucks you'll use in your car transport business.
- The government uses the number to identify your company when gathering information for audits, reviews and inspections.
Advertise and promote your business in newspapers and magazines and on radio stations. Also use auto websites and social-networking websites such as The Marketplace on Facebook or Craigslist.
Ashley Terrell has been writing professionally since 2007. Terrell has written for SwaggaKings.com and "Parle Magazine." She also served as a beauty editor for "Raw Talent Magazine." Terrell is pursuing a degree in business from Bryant and Stratton College.