Going O/O from Company

You log your pre trip post trip and fueling as "driving" time?

 

You also have to factor your monthly expenses home ect. Cost is cost and income is still what you get payed to live on. So add everything car payments eating out your entire monthly on top of the business expenses of maintenance truck payments ect. Then you have what you must make cpm to succeed. Otherwise wing and a prayer! I personally fail to see the profit in someone in a lease op. making .92 a mile my truck is payed for and I could not survive on that. This is why the success rates at these lease to own companies are so low especailly the ones with ballon payments at the end. Besides there is enough deals out there without have what amounts to two house payments....good luck!

 

After reading this you might want to keep your current job

 

At 34.5 cpm and 1,900 in benefits per year, there will be a little profit in there if the FS is decent and practical. Even if you have a paid for truck, you need to recoup your investment as well as a Return On Investment (ROI). On top of that, paid off trucks running those type of miles will be maintenance hogs. Most likely, running 3,500 miles per week leaves little desire to work on said truck on weekends, so you'll be hiring out most labor so you can enjoy life the way you do now. I'm guessing you'll see a .10 per mile profit over your current salary of .345, once all is said and done including maintenance, ROI, fuel, taxes, plates, 2290, and on and on.
.98
.20- Fuel
.10- Maint
.10- Investment and ROI (ie truck)
.50-Wages and profit, self employment tax, Occ/Acc
.10 - Tags, taxes, fees, accounting, etc.
-.02 cpm, and that doesn't give you the $1,900 value from days off.

Once again, this is based on your Fuel Surcharge paying for all your fuel after $1.20 gallon. To get the .10 profit, I think you can save .02 cpm by getting better fuel mileage and controlling costs.