have you even called to see how much ant of the insurances are yet?
Plate cost?
Bobtail?
Worker comp?
Etc,etc,etc
any of these did you call and get a quote?
Buying A Truck....
Discussion in 'Trucks [ Eighteen Wheelers ]' started by B&T Rogers, Jan 24, 2009.
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walleye and alien4fish Thank this.
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You probably think you are getting ganged up on. That is not my intention. It's just important to realize what it "really" takes to be successful in this business. Don't overlook any of the costs. Don't be a here today gone tomorrow driver. There have been too many of those. Be smart, be informed, protect yourself and your family.
alien4fish, walleye, B&T Rogers and 1 other person Thank this. -
Whoa !the new guy launching a missle across the bow
Good for you driver,i see where you are coming from. This country was founded on men and women taking a chance rolling the dice and taking a risk! Like they say NO GUTS NO GLORY!
Hell I MUST ADMITI did the same thing.
Ifyou dont take a chance, you'll be sittin on your duff saying "what if" or "remember when"
good luck to you driver,
oh by the way.........id take and buy the peterbuilt
but im not biased in any way
B&T Rogers Thanks this. -
This is not something we just jumped into....Like some may think.
Already have the business set up as a LLC
Authority... Nope Don't want it right now....Later Date And I have all the info on it as well.
Insurance ... Yes Cant complain about the insurance , It's cheaper than my Auto runs me a month LOL. "Great American with Contents Coverage as well.... And I know this is not Trucking Liability quoted to me , it's bobtail, normal coverage.
Plate , IRP , IFTA, ...Yes
Worker Comp .... Nope, Looking into this further.
Fed 2290 .... Yes
Yes I have all of the info .....
I have been driving over 10 Years you don't think I know to check and rate/quote these things...
Thanks for looking out for me though... I would rather try and fail , than to fail by not not trying.... I have a good CFO ... She will keep things on a tight leash , and by that I mean Keep me within our means on on a tight budget.
ThanksLast edited by a moderator: Jan 24, 2009
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ok if your determined i will try and help.Here are some figures for you if you wanna look at some of what i pay out on expences....these are only half of them..you can add some if you like i can learn too ya no.lol, (yearly figures) i hope this helps ya
fuel = 52,416
plate cost = 1,650
permits = 210.00
workers comp = 1,820
physical ins. = 572.00
bobtail = 1,040
truck payment= paid for
cell phone = 5,200
escrow = (if ya have any)
fuel tax = ? - mine is usually 30 a week so 1,560
pre pass = 130.00
maintanence = 12,000
computer service = 1,200
2290 = 550.00 -
according to my math
you need to bring in about 14K per month GROSS to start making any money thats about 168,000 per year
B&T Rogers Thanks this. -
so we have 168,000 per year divide that in 2(conservitively) for taxes tires fuel road taxes permits insurance food rent electricity water clothing shoes work boots car insurnace mortgage payment and any other payment i forget at the moment thats 64,000- 84,000 take home. But I could be wrong
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those are only some of the figures ....everyone wants to be business man in trucking...so here is some of the reality's..
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We would be more than happy with $168,000 .... They way we have our numbers right now at the low end $125,000 , High end $175,000 so anywhere in the middle of that is fine with me . I was reading your post , when you were first looking at your pete a while back . You did good , even if you have to fix a few small things on it. That's one sharp truck you have there. Glad to see you got it.
On the other hand it seems to me some people cant separate business expense from personal expense. The company will get paid first guys, there wont be any $1,200 figured in my bottom line for computer services LOL. Or cell phone service LOL Part of your cell bill sure, but not all of it. That's a personal expense not a business expense. You don't pay your car payment or house payment out of the business account ,LOL . This will be a stand alone company that pays for itself first , then pays the driver "Me" . The mortgage will be paid the same way it is now. Car payment , come on... WTH are you thinking .. I drive a 1986 Jeep Comanchee pickup No way will I ever count on the company to pay a car loan LOL to funny . Auto Insurance again , not a company expense ... Just goes to show why some people cant make it trying to live high in the hog pen. That cell phone crap is way high More like $800 a year.. There are plenty of things that can be done without .... Use a Map...Oh maybe that's just old school . Well then use your cell phone GPS and a map . Still only $60/$75 max a month for national plan. Maybe i am just to #### cheap??? We are not looking to make millions or have high expectations . Logical B/P's will work not these far fetched I want all of my bills paid out of the business account crap. Thanks for all the info , the good stuff and the regular I'm a trucker and I talk and tell stories like one too stuff . It makes for good reading and is very comical at most. -
good luck cowboy.get out there and see it for yourself...you are going to have to find out the hard way my friend....
See,this is what i talk about alot.you try and help the younger driver and they have all the answers...
I guess being in business for 20 years sucessfully as an o/o and actually doing it does not qualify me as nothing.i guess i am just not doing something RIGHT...I dont have a clue in the trucking business...rolmfao....
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