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Filed for authority yesterday, have questions

Discussion in 'Ask An Owner Operator' started by Gumper, Jan 27, 2018.

Page 1 of 3
  1. Jan 27, 2018 #1
    Gumper

    Gumper Road Train Member

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    So I filed for my operating authority yesterday. Do I need to get the Boc-3 stuff and insurance before they’ll approve my authority request in 20-25 days, or do I handle that after my MC number is active? Can’t seem to find a clear answer. The process agent is simple to get, but I don’t want to do it until things are official. Can’t get the insurance until I buy the truck. Technically I can’t buy a truck until the DOT number is active, and I’m not paying for insurance until I can actually start hauling. Do I need to make a move now, or just sit and wait for my authority to come through?

    Pretty funny that within minutes of my filing I was getting phone calls and texts from businesses offering to sell me their process agent services.
     
    Gumper, Jan 27, 2018
    Gumper, Jan 27, 2018
    #1
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  3. Jan 27, 2018 #2
    TallJoe

    TallJoe Road Train Member

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    Authority is active only after the insurance is filed. You have your DOT# but don't have a truck. How are you going to find insurance without it? Most of people have had trucks already and have been leased on, before getting authority. I am curious myself what's the way to handle it for you. I'd pay some knowledgeable clerks to do the rest. Don't forget about IFTA, UCR, Drug Consortium, IRP,... heck...what else did I forget about?
    Maybe OOIDA could help ?
     
    TallJoe, Jan 27, 2018
    TallJoe, Jan 27, 2018
    #2
    Mooseontheloose, brian991219 and whoopNride Thank this.
  4. Jan 27, 2018 #3
    xsetra

    xsetra Road Train Member

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    Make sure the 2290 is current when you buy a truck.
    You don't need a mc# to buy a truck. Anyone can own one.
    Good luck
     
    xsetra, Jan 27, 2018
    xsetra, Jan 27, 2018
    #3
  5. Jan 27, 2018 #4
    TallJoe

    TallJoe Road Train Member

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    If the loan is not needed.
    I remember they (bank) wanted me to provide a MC# of the carrier I was going to lease on to, in order to get a loan.
     
    TallJoe, Jan 27, 2018
    TallJoe, Jan 27, 2018
    #4
  7. Jan 27, 2018 #5
    xsetra

    xsetra Road Train Member

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    I never bought a truck with a loan.
    News to me.
     
    xsetra, Jan 27, 2018
    xsetra, Jan 27, 2018
    #5
    whoopNride Thanks this.
  8. Jan 27, 2018 #6
    TallJoe

    TallJoe Road Train Member

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    You never heard about people taking out loans to buy trucks? Well I took mine. 15% on 30K. I paid it off fast before it killed me.
     
    TallJoe, Jan 27, 2018
    TallJoe, Jan 27, 2018
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    Mooseontheloose Thanks this.
  9. Jan 27, 2018 #7
    nax

    nax Road Train Member

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    That's why I got a google email & google phone #...to filter them out
     
    nax, Jan 27, 2018
    nax, Jan 27, 2018
    #7
  10. Jan 27, 2018 #8
    xsetra

    xsetra Road Train Member

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    No. I have never got a loan to buy a truck.
    I currently have a trailer that I bought with a loan. 6% interest.
     
    xsetra, Jan 27, 2018
    xsetra, Jan 27, 2018
    #8
  11. Jan 27, 2018 #9
    whoopNride

    whoopNride Road Train Member

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    You will have to have your insurance in effect and filed with the FMCSA before your Authority will be Active. Also BOC 3 form (Process Agents) must be on file.
     
    whoopNride, Jan 27, 2018
    whoopNride, Jan 27, 2018
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  12. Jan 27, 2018 #10
    Gumper

    Gumper Road Train Member

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    That’s what’s I needed to know. The truck is 2 weeks from being mine. I filed for the authority as soon as I had my EID. I want to get on the road fairly soon after the insurance becomes active. That’s a expensive payment to make with no income.

    I’m buying the truck without a loan, and don’t quite have enough yet to pay for it.
     
    Last edited: Jan 27, 2018
    Gumper, Jan 27, 2018
    Gumper, Jan 27, 2018
    #10
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