Quotes 911

So are you saying you bought/leased a truck without a business plan and/or knowing what your costs and financial needs would be?
If so, unless you get with the program REAL quickly, your days are numbered.

 

Your formula is different from mine which is different from everyone else

Here's the concept ( these are hyped #'s )

Truck note =300 a week
Plate = 50 a week
Insurance 100
Maint = 100
Taxes etc 2290/fuel = 25

Let's just say your at 575.00 a week fixed

You avg 2500 a week in miles

575/2500 = 0.23 ( 23 cpm ) fixed

Now fuel

If you avg 6.0 mpg

2500/6.0 = 416 gallons of fuel
416x4.15 ( nat avg) = 1726.00

1726/2500 = 69.0 ( 69 cpm )

Now do you idle ?
That can cost you 40.00 a day for just your brake or an additional 240.00 to 280.00 a week in addional fuel costs

280/2500= 0.11 ( let's call it 1.5 CPM )

Total costs
69+23+1.5 = 93.5 cpm is your

ROUGH BREAK EVEN ...

Then you determine what you need to make as far as profit ... Then you figure your rate you need ...

Remember these are FAKE #s

Yours could be higher or lower ...

Hope this helps

 

You forgot driver pay, unless you're only buying yourself a job. Once you add in a decent driver wage, break even quickly gets to 1.35 or higher depending on trailers, etc. $100 a week is a pipe dream for maintenance on a used truck. Once you get the numbers on what it would cost to hire a driver to do the job, then you see profit, unless ya'll would work for free as a company driver somewhere.

 

I can't see it happening for less than $1.62 cpm.

 

I didn't forget driver pay ... I said anything above the fixed number is your profit ... You determine your own wage

It's not a fixed cost to run the truck ...

 

No way .. My fixed costs are 0.72 cpm

My factor was FIXED COSTS guys not your wage

Fixed cost = cost to run the truck MINUS your WAGE

So if the truck cost you .. 93 cpm and you want a wage of
50 cpm or 60 cpm then

Your cost would be 1.43 - 1.53

It's not hard ..

 

why should I not get paid to eat if I have to sit?

Driver pay is still a fixed cost. Even if you pay at .XXX per mile. it's still a fixed cost.

And don't forget health/life/disability insurance rates for yourself.

In all honesty,

As you are figuring it, those numbers become "variable" costs. Not fixed.

A fixed cost is the cost of the office, insurance, internet, phone etc. Those costs that will never "change". They become your "overhead". That overhead has to be covered monthly. You can figure it per hour, day, month or week. What ever your heart contends.

The variable costs are those that accrue as you operate the equipment. Depreciation, maintenance, repair, life cycle replacement etc.

 

Can you really not read .. Or did you just look at the numbers

The numbers are FAKE ... Just numbers

Plug your own in ... Geez

That's what u get when you try to teach some one how to formulate their cost ...

FAKE numbers my example is FAKE that means not real I just used easy round numbers ...

If you wanna hold out 500 a week for maint that's cool
It's just a formula