I do not and will not pull cheap freight!

Discussion in 'Ask An Owner Operator' started by skidsteer863, Mar 13, 2013.

  1. Epmtrucks

    Epmtrucks Medium Load Member

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    Lets compare budgets if you have one. Including proposed mileage for the year. Maybe you can teach me something. Im open to learn more anytime!
     
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  3. Epmtrucks

    Epmtrucks Medium Load Member

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    I use 3 catagories. Fuel, parts and repairs and fixed. I drive an 84 and never intend to have a truck payment again. You can buy pre egr 1990's equipment for 10 to 15 grand and over 5 years rebuild it and spend a hundred grand doing it and have fine fuel efficient ride. That comes to .17 per mile and .025 for replacement if you dont sell the one ypu have now. If you sell it replacement is a wash.
     
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  4. Autocar

    Autocar Road Train Member

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    The Hot Rod Shop Oxford, AL
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    Preventive maintenance is key. I suffer very few actual breakdowns, on the road. Far fewer than many late model trucks. My last one, a couple months ago, was $1,100 to repair a bad radiator leak. I guess you could call my air drier going tits up, a breakdown, back in November. It took me five minutes to bypass it, as I learned back in the 80s to carry a compression union, for just such occassions. Got a new drier, setting on the table, which I will install this week. It cost me $300 and is a simple job that I can do myself, if I can't talk my husband into doing it for me. A breakdown has to be pretty serious, to either stop or delay me, such as that radiator repair. No complicated computers, or electronics does help. Before the radiator, our last major breakdown was November 2005, when we had to shell out $8,800 for an inframe, when we blew the motor climbing Elk Mountain, east of Rawlins.
     
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  5. Epmtrucks

    Epmtrucks Medium Load Member

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    Thats the great thing about the reconditioning process it prevents on the road repairs. Ypu improve the equipment instead waiting for a brakedown and throwing parts at it. You can control your downtime.I lost a cam in Oakley Kansas. This fellows seem s upset with my business model. I dont change a thing. It is what it is and I work to improve them inflows and out flows. Please point out what you dont understand and share your budget. Im willing to listen, read and learn. And starting to call me names. How mature. Its business not personal.
     
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  6. Epmtrucks

    Epmtrucks Medium Load Member

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    Dadblame elkster that rock they call WY
     
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  7. MNdriver

    MNdriver Road Train Member

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    I think what a few people are failing to see is you have limited fixed expenses in that you have no truck/equipment payments.

    Your maintenance expense is still a variable expense based off miles.

    what limited fixed expenses still should be set against time (monthly bills) and not based on miles.
     
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  8. dannythetrucker

    dannythetrucker Road Train Member

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    everywhere, man
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    How would you possibly understand how I calculate my expenses ?? you choose to blow off everything beyond insurance, tags, and highway tax. you don't even bother to include depreciation on your equipment. you have been explained this in plain English several different ways now. And yet you continue to extoll the virtues of making a profit on $1.61/mile as if you have discovered the fountain of youth. Believe me "fool" is not calling names, it is a perfectly accurate word for you.
     
  9. Epmtrucks

    Epmtrucks Medium Load Member

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    I convert my total fixed for the year and divide by estimated miles into cost per mile. Example: 12000 fixed divided by 120000 miles is . 10 per mile. For me it easier to track my quarterlies this way. Even though I may have paid 75% of them in 6 months, tag and insurance as an example. I use 5 years of data for budgeting.
     
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  10. MNdriver

    MNdriver Road Train Member

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    If he has owned the equipment that long, there is nothing left to depreciate. After 5 years (or whatever schedule you originally used), the IRS sees it as already depreciated out. So there's nothing left to depreciate. Nothing surprising there.

    If he's putting X amount in to annual repairs and doing well enough to save major costs, then it's not foolishly spent money.


    Having said all that....

    If he has zero capital equipment expense and getting better than 6.5 mpg. Then yes, he could quite nicely be looking at $55K+ annual income as an O/O running for $1.61 a running mile.
     
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  11. Epmtrucks

    Epmtrucks Medium Load Member

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    I purchase used and recondition. The recondition is in parts and repairs at .17 per mile or 20000.00 per year. The equipment I run is based on a 5 year usefull life. it can certainly be more. I can sell this 84 for 12000.00 and buy another for about the same money. So my replacement is a wash. Then you take what you have learned reapplied it and move on. I am considering a mid 90's 377 flattop asking 14 k. It was taken off the road by an older gentleman in Caddo Mills Tx. You can see it from I 35. Im thinking I could get 12k for my 84 359. So please what is my replacement cost and do I calculate it into my budget?
     
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