Running the numbers

plus fuel surcharge I hope?

4,000 team miles/week is probably a good number, but 50 weeks/year is very optimistic. I assume you'll want at least 2 weeks off for yourself, and you'll probably also have break downs, road closures, etc.

Perhaps you can be an exception with your mechanical background, but I would not want to team in a random truck with 500k on the odometer -- with 2 drivers downtime costs almost twice as much...

you're assuming $1.89/gal fuel cost? (4000miles/week x 50weeks / 12months = 16667miles/month)
6.3mpg is probably OK to plan, but I hope a 4,000 mile/week team is doing at least 7.5mpg if hauling dry van

8.6cpm maintenance/repair may be possible with your background, but it seems optimistic for a 500k emissions truck.

Possible, but seems a little low if you run much in higher tax states. Think mine was $1800+

Maybe I'm missing something, but using your numbers, I come up with:

$17500 gross monthly income
$7963 costs
------
$9537 EBITDA
$7630 after tax


What don't I see? Retirement, Office expenses like cell phone, data, computer, printer, stamps, envelopes, fax, accounting software or outsourced fees, hotel/travel expenses, tools, supplies, tolls, parking, etc

 

and even if it's still a crappy rate.
don't get why people even consider running a truck for so cheap

 

I've run the numbers for myself and to stay even with my company job I would need to run at about 1.85 on a 100k year equivalent (with a new truck) so man don't sell yourself short running for anyone esp with a team for 1.05 that's just pathetic


Do you plan on paying yourself back for the initial investment? And this shouldn't come from what you are paying for drivers wage.

 

Buying a truck so he can scrape the bottom of the barrel.

"Hey, if I get the wife on board, and we run team, we can gross $200k!"

And run 200000 miles. Knock yourself out. Odd are you will realize that you netted more money as a solo company driver.

"But Six, I really want to be an owner operator."

Come up with a better plan than to out-bottom the bottomfeeders.

 

LMAO, I like it !!

 

when my wife is on the truck we gross $260K-$300K a year.... but we only run about 120K-145k a year

 

That was kind of my point, but being more polite lol... If I run my total compensation against 100k miles a year my pay = 1.20 a mile as a company driver.... Find a better deal then 1.05

 

hay Trans Port America is paying O/O $1.00 a mile for all miles...!!!

 

If you think you can do it but make sure you got money put aside for expensive repair I buy 05 freightliner with 440000 miles after running for a month had to replace compressor power steering $3600 aside from other small stuff i repair and I got a headgasket leaking I am losing my as* off right now when I think about it sometime I think it was a mistake better when I was driving for a company no headaches know what my check going to be but I am still trucking hoping it will all work out oh I also run all the # like you did not work out so far the way I plans.