Lease purchase Rough Draft

These numbers are based on 2012 lease perchance hand book, all numbers are subject to change.


2012 Cascadia Weekly Fixed Expensives
-———————------------------------


Truck Payment: $542


Collision insurance: $63.25


Bobtail insurance: $5.77


Occ/Acc insurance: $32.31


Qual com rental: $20.00


Heavy Highway Tax: $15.00


Maintenance account: $.10 added on @ end of settlement
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Subtotal: $678.33




The above is a very rough estimate of my fixed weekly expenditures that the company requires. Add roughly + 20$ for prepass and other cheap misc.


Now what is troubling me is the fuel surcharges. Below is my math on fuel + an estimated weekly paycheck. I will be conservative with the FSC. Will also be assuming that there are no empty miles (or very low and won't impact the end results by much)


Trip 1
Total miles: 833 (paid miles)
FSC: .25c
Truck miles per gallon: 6.5 (going 65 mph)
National diesel price: 3.895


Please correct me if my math is wrong here or if I am leaving something out.


833 / 6.5 = 128 gallons need for trip.


833 x .25 = $208.25 (FSC)


128 x 3.895 =. $498.56 Total fuel cost without FSC (apx)


498.56-208.25= $290.31 Total fuel cost with FSC


833 x .92 = $ 766.36


766.36 - 290.31 = $476.05 gross profit ( before I take out for taxes)


Now if I do this trip two more times my total settlement for the week (before swifts cut)


$1428.15 gross income for week




$1428.15 -678.33 = $749.82 income for the week after everything is paid for.


Again this is a rough estimate, and I do not know the FSC this week for Swift. If I am missing anything, or if my math is wrong please share your experience. I would be most grateful.

 

Thank you for the response! As far as the numbers I was kinda doing the worst case situation, and a rough draft. With your suggestions and the other replys (for example the one who gave me the l/o FSC) ill be able to calculate much better.

I am also under the impression that the truck comes with a drive train warranty plus a X amount of time that if some thing breaks Swift pickup the table (the grace period). Ill be coming into with about a 3-4k buffer saved. Not as much as I would like.

Again thank you for the info!

 

I was being very conservative with the FSC. Sense I didn't know it (now I do) I didnt want to kid myself and assume anything. However, I did assume with the current diesel avg of 3.895 that .25 would be near the end of the spectrum for making money (which I would still make enough not to starve and pay my home bills at the above numbers).

Also I think I have a handle on their FSC program. "FSC paid on all loaded miles" unless I am missing something that is pretty straight forward. (I could be, haha, I don't claim I know anything )

thank you for your reply!

 

.81 (or be .82c) for all empty miles.