I cannot seam to wrap my head around how any individual or company can possibly purchase a new rig (2018 Kenworth W900) for 180k+ and be able to turn a profit? Any insight would be very helpful.
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Buying new trucks?
Discussion in 'Lease Purchase Trucking Forum' started by lantern756, Feb 5, 2018.
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Rate per mile is the key..........
no $1.07 a mile stuff. Mine was $150ish 8 years ago. Some years are better than others lol.Broke Down 69, BoostedTeg and Ruthless Thank this. -
I paid $198,000 for mine with extended warranty in May of 2016.
Just did my preliminary tax estimate, net $78,000 for my self.
Average close to $3.00 per mile pulling Super-B train hopper bottom.zenaddler Thanks this. -
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4200/60 months=252000+19800=271,800? Does that include trailer? Forgive me for asking just never bought a brand new truck. I buy when a truck hits 300-400k miles. Maintenance is higher but a new one needs maintenance too.
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uncleal13 Thanks this.
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Well if you pay 150K for a new truck and run it for 500K miles at about 1.20 a mile or so, you've made 600K on the truck its lifetime. That's 450K more than cost, with fuel and insurance and the ability to sell it for 40K at the end of the 500K, you're really not doing that bad. That's 110K difference between buy price and sell price yet it's made you over a half million in its lifetime.
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So that’s about $5,900 a month between the two. Plus Average about $2,000 a month for maintenance, which is mostly tires (I have 30 of them). I net about $15,000 a month from the carrier after plates, insurance and fuel. So that gives me close to $9,000 a month to play with, minus meals, office, accounting, shop rent. I wind paying myself a steady $7,000 a month.
So that’s how the math works on a $200k truck.
If I were to go back to five axle work, I could get away with a lighter and cheaper truck. My truck as spec’d now has a DD16 600 hp, 18 speed UltraShift MXP, 46,000 lbs rears, heavier frame.buckmanmike and 386lover Thank this. -
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