In fact, US towing businesses generated 8 billion in revenue during 2019 and show little sign of slowing down. This is the combined maximum allowable weight of cargo and occupants that the vehicle is designed to carry. Payload is the GVWR minus the truck’s base curb weight, and don’t forget that the trailer’s tongue weight needs to be included here, too. Towing professionals offer a wide range of towing services under emergency roadside assistance. To provide towing services, you’ll need to purchase a tow truck. As it will be your most expensive purchase so you can go for business loans. Depending on the model, the tow truck cost will likely range between $40,000 and $100,000.
We reveal the trailer tow ratings of the most commonly equipped pickups
The 2023 Ram trucks feature an integrated trailer tire pressure monitoring system, capable of monitoring up to 12 tires on up to 3 axles per configured trailer, on up to 4 configurable trailers. Financing options include personal savings, bank loans, or investors.
Ford F-150 First Drive
Read more about tow here.
You will need a CDL to take the second two exams, as a prerequisite. It is a good idea to go through all three levels of certification if you want to make tow truck driving your career. Getting your CDL is a bit like getting your driver’s license all over again. First, you take a written exam to get your commercial learner’s permit . Then, you go to a specialized driving school where you’ll be able to practice the maneuvers you’ll need. In tow truck driving, like in any job, there’s a certain personality that tends to succeed. According to federal law, the minimum age requirement to drive a tow truck is 18 years old.
Fluctuations in the market don’t affect the need for automobile recovery. Customers can’t scrimp on towing services; when their car breaks down, they find the money. That inflexibility makes driving a tow truck a genuinely recession-proof job. In uncertain times, people are inclined to look for a job that provide stability. Driving tow trucks is a career that’s always in demand and doesn’t require expensive degrees or certifications. These trucks can haul most types of cars with no problem and might be the most common type of tow truck you would see on the road on any given day. The weight of a tow truck depends upon type of tow truck and what vehicles it is made to tow.
Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success. Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan. As Ford F-150 vehicle integration supervisor Scott Leonardi pointed out to us, tongue load sits directly on the vehicle itself and is therefore part of a truck’s GVW.