Setting Up Car/Misc Hauling Business

[ed1948]

azmusclecar - I hear you loud and clear about the traffic, the regs, the BS...
I may just do it for friends in the car community and if they want to put something in the hat afterwards......
I retired from full time when I was 60 due to a major health issue. When I turned 65 I worked part time in lumber and shingle deliveries. Now I'm still semi retired and do road snowplowing on call during the snowy season. I like being active and feeling useful.

 

[joesregalproject]

One other thing to consider, and keep in mind I have no clue how the Canadian tax system works, but in the US, doing something like this can put you in a higher tax bracket and you end up losing money even if the business is profitable. It would be best to discuss with an accountant.

 

[ed1948]

I don't think I would want to cross the border but instead keep it local. I have a few months until I get the new used truck road ready and then ....who knows!!
It's good to learn something new every day....thanks to G Body members.

 

[motorheadmike]

Why not? Again, I'm not Canadian, so I'm not sure of the specifics of the law in Canada. I also don't know what's required to do cross-border transport, but it seems like offering cross-border car transport could be potentially lucrative. I believe motorheadmike had a few vehicles transported from the U.S. to Canada. As others have said, I'd probably incorporate in a way that makes the most sense where you are. I came across this link that has some interesting and possibly useful information about Canadian tax law and cross-border businesses:
http://www.mainebiz.biz/article/201...ing-business-in-canada-pay-attention-to-taxes
It looks like there are a lot of lawyers and firms that specialize in cross-border business incorporation and structure. Might be worth getting some legal counsel on the matter. Also found this link for commercial carriers on the Canada Border Services Agency:
https://www.cbsa-asfc.gc.ca/services/carrier-transporteur/hc-tr-eng.html
Hope this helps.

Technically speaking we have only ever imported one car ourselves - the wagon; however our TBSS and Natasha's old Camaro (the wagon's donor) were both imported from the US before we bought them.

In all cases I'd let others eat the liability. Not worth the risks.

Ed, go for it... even if local. But, yes Incorporate the sh*t out of that business to protect yourself.

 

[MC96]

Ever seen that show "shipping wars"? They get those jobs by bidding on them on uship.com.

 

[bob64]

To be honest if you don't have a enclosed trailer and a diesel the profit is limited.

An open trailer is going to leave you hauling cheaper end cars and people don't want to pay good coin. You'll need a good winch to pull cars on.

Mileage isn't good towing a car and trailer with gas vehicle.

So this all will limit you to some what local and a limited profit per run. I've towed vehicles long distance on a open trailer(BC) always damage, windshield and head lights and l got full skirt across back of truck. But sh*t does fly off other vehicles.

Your better off hauling for friends an friends of friends, make a few bucks and don't turn it into a full time job. This will also be alot cheaper for insurance, just insure truck as a tow vehicle, couple bucks more when you up the weight class.

I know negative thoughts!

 

[UNGN]

That truck, class 3 hitch and 2" ball iis normally not the recipe for a successful car hauling business venture.

Diesel 3500 2 car hauler and you"ll have a chance of breaking even against commercial low budget car haulers.

If you want to target "high end" clients with money that rig doesn"t inspire the confidence a Porsche or Ferrari guy is looking, but you are in luck...

Tesla people are automotive idiots. They need someone, anyone to haul their range limited wondercars south for the winter and north for the summer and wouln"t know a class 4 hitch or load range E tires from a hole on the ground.

Modify your trailer to haul Teslas, I3, I8, Bolts, etc. And target these people and you"ll do fine.

 

[fleming442]

I know a couple of guys in Colombia that need some things to cross the border. I hear they pay well...

 

[Wageslave]

I know a couple of guys in Colombia that need some things to cross the border. I hear they pay well...

Unfortunately a 2 inch ball is involved, but it has nothing to do with a truck or trailer.