Question
http://roundtable.truck.net/6/ubb.x?a=tpc&s=6456013822&f=6766031032&m=8306072243&r=6526063243#6526063243
This guy has zero experience and wants to hobby truck from the looks of it!
Peacekeeper
America's original homeland security.....
The 2nd Amendment...
Truck drivers are not considered professionals or skilled labor except when they are on the witness stand.
www.howtobuyamerican.com
Answer
Cat,
From your scenario, the biggest pitfall is not the money, its the lack of experience.
I know of no insurance company willing to provide coverage for a trucker without a minimumof 2 years verifiable log time. Now, assuming you are successful in getting the truck and obtaining your own authority and assuming there is some company willing to insure you, you'll be looking at somewhere between $7500 - 10,000 annually (possibly more). No small fee to "hobby truck".
On the other hand, if you're going to lease to a larger motor carrier with an insurance program (providing you qualify on experience), they may have some difficulty leasing a truck that is not available the majority of the time. Thus a very costly proposition for them and one they may not be willing to take.
If the motor carrier does not provide an insurance program, then you'd have to provide your own and you're back to finding an insurance company that write your coverage without any driving experience.
My suggestion is that you investigate the insurance aspect first before making such a large investment.