Quote:
Originally Posted by Dejanh
90cpm to operate a truck is one of the urban legends that keeps on going on on these boards day in and day out, people please be reasonable when posting number figures as alot of folks who are planning to make their bread in this buisiness read these statements and get their info from here....i understand the drive for higher rate but certain individuals make it sound that without at least 2$ per mile you are cut to loose everything which is not true, i dont have it and am doing quite well...we hear enough BS on the CB radio, lets make this place at least a little more informative.
Fuel at 6mpg at $2.40 per gallon is .40 per mile.
Tires at one set of steers every 100,000 miles and one set of drives every 200,000 miles is .02 per mile.
PM's at $220 every 15000 miles is .015 per miles
Insurance at $8600 per year for an independent driving 100,000 miles per year is .086 per mile.
Truck purchased two years old for $70,000 and sold traded in four years later for $25,000 equals depreciation of $11,250 per year or .113 per mile
Interest on the loan for the truck assuming $50,000 is financed at 9% interest is .027 per mile.
Fed 2290, Tag and Permits (varies by state of course( $2,400 per year or .024 per mile. We will assume you balance fuel purchases perfectly by state so no extra IFTA tax need be paid.
Repairs other than PM and tires $800 per month on average per ATA is .096 per mile. If you have a newer truck or can do many repairs yourself reduce this amount. If you have an older truck or never even put in a lightbulb yourself increase this amount.
Cell Phone, fax, document service, air cards, paper, postage, computer & computer software, accouting and tax service, etc. $250 per month or .025 per mile.
Summary
Fuel .40
Tires .02
PM's .015
Depreciation .113
Interest .027
Insurance .086
Vehicle tag and permits .024
Repairs .096
Phone, fax and other services .025
Total per mile .806 or round off to .81 per mile.
Notice we have not included anything for driver pay, social security, workers comp, medicare, income tax, or health insurance.
Adjust any of the above to reflect your actual situation if different. Please dont tell me this is not proper tax accounting. I have a background in economics. This is called management accounting acording to Financial Accounting Standards Board FASB rules which attempts as closely as possible to reflect real world cash events.