Welcome to Business Rocket! In this video, Alex breaks down everything you need to know about obtaining a TCP license, focusing specifically on vehicle requirements. The California Public Utilities Commission (CPUC) manages TCP licenses, and surprisingly, there are no strict vehicle requirements. However, your vehicle must be commercially registered, indicating its dedicated use for business purposes.

Visit our website for more information about the TCP License: https://www.businessrocket.com/get/ca...

Discover key insights on selecting the right vehicle for your TCP license. Alex delves into the significant considerations, including insurance costs and vehicle suitability for specific services. Learn how insurance premiums vary based on vehicle type and usage frequency, and why aligning your vehicle choice with service provider preferences can boost your chances of success in the industry.

Whether you're looking to get a TCP license, register a vehicle, or understand what a TCP license entails, this video provides invaluable guidance. Don't miss out on expert tips to streamline your journey into the transportation business.

Got questions? Drop them in the comments below, and we'll ensure you receive prompt answers. Stay tuned for more insightful content from Business Rocket. Start your journey towards a successful TCP license today!

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Video Transcript:

Hello, um, my fellow entrepreneurs. It's Alex from Business rocket. And today we're going to discuss the TCP license, specifically vehicle requirements. Now, the TCP license and the CPUC who manages the TCP license does not have a vehicle requirement at all. So you can actually register any vehicle you want to be on your TCP license.

The only requirement there is, is to make sure that that vehicle is commercially registered, meaning that you went to the DMV, you've presented them with a weight certificate, and you asked the DMV to change the registration of your vehicle to commercial use, meaning that the car is being used for business purposes only and not personal purposes.

Once that's done, you can add that vehicle to the TCP license. But there's two things you want to consider when you're actually picking a vehicle. Number one is the cost of insurance. Uh, insurance can be extremely expensive, and it actually depends on the type of vehicle you have. So the more common the vehicle and the more likely that it's going to be on the road a lot, the more expensive the insurance is going to be.

Sometimes more expensive vehicles, but the vehicles that are not going to be used a lot, like a stretch limousine or a shuttle bus, uh, like a sprinter van, those can have cheaper insurances than, for example, a Prius or a sedan. So you want to kind of talk to an insurance broker and find out, once you've identified the vehicle that you want to get, how much that insurance would be and how is it different from maybe a different vehicle that you wanted to get.

Number two, when you're picking a vehicle, you want to figure out what the vehicle is for. So, for example, before you even start looking at vehicles, contact vendors like Uber or Lyft, or maybe a, uh, third party vendor you're planning to work with and find out what vehicles they want.

Because if you get a car that they want, they're more likely to hire you. We've seen this happen a lot where people just randomly buy a car and think they can add it because it looks nice. But I can promise you that they don't care how nice it looks.

If it doesn't go into their parameters, they'll decline the car, and you're going to have to spend all that money to buy a new car and sell this car. And the process needs to be kind of restarted. So hopefully this video is very helpful. If you have any questions, leave it below.

We'll get you answers right away, and I look forward to speaking to you in the future. Have a great day.