I知 thinking of getting a CDL and buying a single axle semi because theyæ±*e cheap and way more capable than a ton truck. I can also see myself owning a real dump truck in the future. I値l probably have get a dot physical every year. Am I missing anything else?
Depending on your jurisdiction you may:
1. No longer be able to do things like repair your own vehicle brakes because you will have to go to a licensed truck repair
2. Need commercial insurance that can be expensive and cost prohibitive unless you have at least 5 years demonstrable insured experience driving that type of vehicle
3. You may have to get annual vehicle safety inspections done at licensed facilities
4. You may have to keep and maintain a lot of documentation to satisfy bureaucrats
5. Pay for annual licensing of vehicle and business, the bigger the vehicle, the more expensive it gets
6. You may be forced into limiting your working/driving/on-duty hours based on CDL restrictions which means your truck will be sitting more taking longer to pay off unless you hire an employee to drive the vehicle when you aren't
7. Smaller vehicles mean you have less earning potential because you carry less billable weight
8. Be subject to roadside vehicle and load inspections and fines to alter your behaviour
Basically expect to have a significant annual cash outlays and paperwork to do before you can even start your truck to earn any income. Around here bureaucrats, lawyers and insurance companies are doing everything they can to kill small business...a lot of that is due to too many "Bob and a truck" operators driving 20 hour days to try and make ends meet, talking on cell phones, skimping on inspections and maintenance, and ending up in nasty accidents killing drivers of small vehicles who don't understand to concept of vehicle weight vs stopping distances in highway traffic.
Your best advice is to get your CDL and work as an employee driver for at least 3 years before you buy that truck. Get paid to learn the ins and outs with a lot less hassle than being an OO.