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Tractor Talk Discussion Forum

Hauling

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Lincoln

02-06-2005 13:48:30




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Anyone in the business of hauling tractors? Just wondering what type of problems you may run into. Is extra insurance needed? Do you ever have problems with buyers who for what ever reason are not happy with the tractor they bought? I am thinking I might be able to help pay for a new trailer if I did some hauling on the side.




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Mike (WA)

02-07-2005 12:53:54




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 Re: Hauling in reply to Lincoln, 02-06-2005 13:48:30  
Kind of reminds me of when my dad wanted to take a team of draft horses and a stagecoach to the local fair and give free rides around the grounds- thought it would be nice for seniors to get around the grounds and for kids without money to pay for rides. Well, you can imagine how that went over- first, he had to have a million dollars liability insurance, plus a bond in favor of the fair- and no one was going to be giving away anything, as it would unfairly compete with the concessionaires. He would have to submit his proposal for a reasonable amount to charge (less the required percentage of vigorish to the Fair, of course)- and the board would rule on what his price would have to be. His response to them was, "Well, I guess a guy can't just do something nice for the public anymore, if he wants to?" He never really got a response to his question. Needless to say, there were no stagecoach rides at the fair.

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toomanycases

02-07-2005 00:30:56




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 Re: Hauling in reply to Lincoln, 02-06-2005 13:48:30  
Lincoln, I would take a look at the hauling schedule and note what is being offered to haul some of the equipment. There is no way you can pay for a new trailer and maintain a truck, feed yourself and find a place to stay on the road at those numbers. I had a person deliver a tractor to Southern Calif. from Okla. I could not even run to Phoenix and back with my rig for what he charged. Take a hard look at it. Chuck

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john in la

02-06-2005 19:56:17




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 Re: Hauling in reply to Lincoln, 02-06-2005 13:48:30  
You have a very big decision to make right now. My advise is to pay for your own trailer and forget about hauling other peoples stuff.

You can do this one of two ways.
Legally or Illegally

Illegally..... ..... You haul the stuff as if it is your personal stuff. The problem with this is if you are ever in a accident you risk loosing every thing. And I mean every thing. Your house; truck; trailer; ect..... .....

Legally..... ..... . For a part time venture it is not worth it in my mind. You got to really run some miles to pay for all the extra cost.
First you need to register as a Interstate carrier; To do this you need a DOT #; To get this you need mega liability insurance. Then you will need cargo insurance because liability only covers the other vehicle not the cargo. Then you need to keep tract of all miles in every state so you can file your fuel tax for those states. Ect..Ect...Ect..... .

Now some one will come on here and say they haul tractors all the time and do not have this stuff. They just do it as if the tractor they haul is their own and there is no law that says you need commercial insurance to haul your own stuff and that is true.
To this I would say..... ..... ..
While you may be able to get past the DOT inspectors with this, Do you really think if you are in a accident that the lawyers will not dig this info up. They will find out. It is the difference of going after you as a individual verses a business. Once they find out the tractor is not really yours and that you are hauling it FOR HIRE all bets are off. They will take you to the cleaners, and with out a insurance company to shield you they will take every thing you own.
Do this; Ask your present insurance company…..
If I were to haul a tractor with my truck and trailer for hire and I am in a accident will you all cover me?? If you think about it you really already know the answer.
But I guess it is your decision to make.
Good Luck.

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RustyFarmall

02-06-2005 15:04:07




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 Re: Hauling in reply to Lincoln, 02-06-2005 13:48:30  
Don't plan on paying for a trailer by hauling tractors. In order to be legal you need to have D.O.T. permits, and in order to get those permits you need to show proof of commercial liability insurance in excess of $100,000, which will cost in the neighborhood of $6,000 per year. I know, I did everything possible to become legal, and finally decided to just be happy hauling my own stuff.



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