Is transporting cars part time realistic?

[Bleep Bleep]

I’m recently retired and considering doing some transporting part-time. Motivations are on average netting a modest few thousand a month, and frankly to keep myself busy doing something I truly enjoy - engaged in this hobby and driving. The intent here is not to grow a full-time business. Is it naive to make that level of income driving ‘part time’ - maybe an equivalent of around one week a month? The concept, if feasible, is to generally haul when I can or want any given month. Am I fooling myself this is viable?

What are the major considerations and sources of information? Expected investment level, working with brokers, work for hire requirements, liability insurance, other?

I’m just being open to how much I need to know about whether this is feasible. Thanks for feedback.

 

[challenger6pak]

With insurance cost, etc, I don't know if a profit could be made owning and working part time. Some small specialty dealers in my area do auto deliveries in the state. They have their own insurance and equipment. May times they need part time drivers for deliveries because they won't need you every day. Your class of license needed to do this varies by the state you live in.

 

[Bleep Bleep]

With insurance cost, etc, I don't know if a profit could be made owning and working part time. Some small specialty dealers in my area do auto deliveries in the state. They have their own insurance and equipment. May times they need part time drivers for deliveries because they won't need you every day. Your class of license needed to do this varies by the state you live in.

Thanks for the feedback!

 

[challenger6pak]

You are welcome.

 

[Challenger RTA]

A friend of my brother that I got to know. He transports salvage cars to East coast and back. His insurance cost was a little over 1k a month.5-6 years ago. Now it's 4k month.

 

[Bleep Bleep]

His insurance cost was a little over 1k a month.5-6 years ago. Now it's 4k month.

Ouch. I assumed insurance would be a factor but that much would be a problem. Thanks … I guess. lol

 

[Challenger RTA]

Ouch. I assumed insurance would be a factor but that much would be a problem. Thanks … I guess. lol

I too thought of dropping 100k and doing that to keep busy.

 

[challenger6pak]

 

[Bleep Bleep]

Then, shouldn’t there be demand for ‘reliable’ guys like you and me?

In all seriousness though, who (seller or buyer) would legit trust a guy they’ve never met, hasn't verified experience, who can’t evidence adequate insurance, to transport for a 1/3 or even half of the market rate, with even a 30k, let alone much higher investment?

I understand the message though. It can be a very sketchy business to enter… thanks for the different thoughts. They do help. Ugh.