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rank- Well, $15,000 dollars is nothing to sneeze at...
Don't get me wrong...I'd rather have it than not have it. But if you add it back into the equation on the plus side, it lowers my cpm by less than a penny a mile.
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According to your numbers, you recouped your entire investment in 2006 based on $23,000 a year. So now your free-rolling.
That truck was paid for years ago. When I "ammortize", I estimate the # of years that we are likely to have the truck and use that as the ammortization period. That T2 has a 475 Cat that seems lazy as a pig and everything is shaking like crazy....we'll probably trade it soon on something else (NOT a $120,000 truck if I have my way).
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If I were in the same position, I would be looking at my P & L next January and asking, "What has my net before tax profit been on that truck over the last 6 years,
I've never done that simply because the convenience factor of having our own trucks outweighs any savings that may come rom using an outside carrier. But, for giggles, and to hold myself up for riducule by the esteemed members of the board, I'll make an (weak)attempt.
I estimate what I would've paid an outside carrier $900,000 to run 300,000 loaded miles in 6 years......so we saved $900,000.
The truck cost $100,000 (after deducting the $15,000 present value). Add in $40,000 for mait (it was only a year old when we got it)+ $200,000 for driver + $350,000 for fuel + $60,000 for ins = $700,000. So the $100,000 truck made approx $200,000 over 5 years.
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Not trying to single you out , rank. Your numbers look pretty accurate and they make a good example!
Single away. It bothers me not.