Check my numbers

Discussion in 'Lease Purchase Trucking Forum' started by Steel Dragon, Oct 16, 2017.

  1. Steel Dragon

    Steel Dragon Road Train Member

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    Comparing leases I'm using $1.50 per mile to the truck per mile.
    $1200 per week for the truck and insurance
    $1000 per week in fuel.
    2500-3000 miles per week.
    $4500 gross to the truck
    $2500 in expenses
    $2000 per week net before taxes.
    I know probably $1000 should go towards maintenance,but I don't like maintenance accounts managed by the company,if you have any problems,youll never recover your money.
    How many lease guys net $2000 per week unless they have a really tiny truck payment?
    How can people run for less than $1.50 per mile?
    I'm thinking my $1000 net for being a lowly company driver with no risk,lets me sleep better at night.
    Thoughts?
     
    exracer941 and Shock Therapy Thank this.
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  3. cjb logistics

    cjb logistics Heavy Load Member

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    Insurance and truck is 1200.00 a week, and fuel is a 1000.00. Where is the 2500.00 expenses coming in? Are is this 2500.00 plus the 2200.00?
    If so your in the hole!
     
    Steel Dragon Thanks this.
  4. Steel Dragon

    Steel Dragon Road Train Member

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    I'm rounding the truck and fuel,and figure a few scale tickets etc.
    $2500 is total for truck,fuel,and expenses.
     
  5. exracer941

    exracer941 Light Load Member

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    Numbers sound about right to me.
     
    Steel Dragon Thanks this.
  6. cjb logistics

    cjb logistics Heavy Load Member

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    Ok, still floors me how much you guys pay for leases.

    So 1440.00 after taxes per week, not bad but I would set up a maintenance account on my own and put the 440.00 in it. Check with a CPA on how you can make this non taxable; and if you never use it..then pay in the end, so the 440.00 become more before you tax the 2k.
     
    Steel Dragon Thanks this.
  7. Steel Dragon

    Steel Dragon Road Train Member

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    Truck payment.
    Bobtail insurance
    Cargo insurance.
    Trailer.
    Plates
    Ifta.
    I don't lease,just running the numbers.
    Insurance is sky high for new business owners and usually requires $2k down.
     
    SheepDog Thanks this.
  8. stayinback

    stayinback Road Train Member

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    Who the heck pays $1200 per WEEK in a trk payment and insurance??
    A Brand new W-900 with 150k PH/D on it wont cost you $1200 a week (Assuming you finance the whole truck)
    Stupid Lease Purchase is for the Young to get their eyeballs opened wide
    and $1000 a week in fuel is average I guess. I Never burn that Much....but some do

    I Tell the Young guys when I see them....."if your serious about being a trucker with your heart in it 100%...

    You only have 2 choices to Crest the mountain and succeed financially-
    1.Become a Union driver with premium benefits
    2.Become a Carrier with your own customers

    Any Other direction will be a tough climb, Also, I lift their Spirits by telling them they CAN become a Millionaire driving a truck (It does happen)

    At 22 years old, Put $30,000 per year in a High Yield Bank Account 3-5% interest...When your 45 years old,You Will be a millionaire with the discipline you provided throughout the years plus interest
     
    Highway_Executive Thanks this.
  9. Steel Dragon

    Steel Dragon Road Train Member

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    Don't forget the Qualcomm,drug consortium and the other added costs these companies are charging...I think these guys are nuts.
     
  10. Steel Dragon

    Steel Dragon Road Train Member

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    Need $30k down payment on a newer truck...wish I had it
    These companies get big discounts buying new trucks,run them to 400k mileage under warranty,then lease them at $1200 per week or want $70k for the truck... Insanity.
     
  11. Steel Dragon

    Steel Dragon Road Train Member

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    Fuel
    3000 miles
    7 mpg
    $2.49 per gallon.
    I know there are discounts,just using a ballpark figure.
     
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