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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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Caution Prospective Independent O/O! My Embarrassment.
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<p>[QUOTE="rahtek, post: 6841094, member: 132862"]The new guys wont understand how valuable these numbers really are. You're a much braver man than I am. I could never bring myself to put my numbers out in public like this. However, I feel like I need to give something back so here are some of my numbers as a first year lease o/o. I think by comparing them you'll see that you're on the right track and that having your own MC was not a mistake. If nothing else you should take comfort in knowing that the skills and knowledge youve gain are priceless.</p><p><br /></p><p>First Year Independent (You)</p><p>Operating Cost $.98CMi</p><p><br /></p><p>First Year Lease o/o (Me)</p><p>Operating Cost $1.17/Mi</p><p>I take pride in knowing this is a VERY accurate number. Youre cheating yourself if youre not accounting for every penny. I have made multiple excel sheets tracking every important metric.</p><p><br /></p><p>Honest Operating Cost For Both</p><p><br /></p><p>First Year Independent</p><p>Operating Cost $ 1.17/Mi When you add $1500/Month Truck Note</p><p>Driver Pay .50C/Mi Fair market price for Chicago 1099 driver</p><p>Total $1.67/Mi</p><p><br /></p><p>Firs Year lease o/o</p><p>Operating Cost $1.17/Mi</p><p>Initial Equipment Purchase $.52/Mi I bought my truck Cash but I still put it down as a fix expense.</p><p>Diver Pay .50C/Mi Fair market price for Chicago 1099 driver</p><p>Total $2.19/Mile<i> (This Should answer all those "guys I just bought a truck can I make money hiring a driver" treads) </i></p><p><br /></p><p>Fuel</p><p>You MPG 6.42 @ an average of $2.49/Gallon payed</p><p>Me 7.20 @ an average of 2.49/ Gallon payed</p><p><br /></p><p>Maintenance/ Repairs</p><p>You $15,908.48</p><p>Me $ 14197</p><p><br /></p><p><br /></p><p>It's a little weird how similar our operating expense numbers are. I think this means youre doing a good job of managing youre expenses. The notable difference is that I was driving for well north of $2.00 a mile. I think that made all the difference. This also made me realize Im paying my company too much for insurance and to rent their trailer. Im getting my authority this week and your numbers are telling me Im making the right decision.</p><p><br /></p><p>This year should be a good one for you though, good luck.[/QUOTE]</p><p><br /></p>
[QUOTE="rahtek, post: 6841094, member: 132862"]The new guys wont understand how valuable these numbers really are. You're a much braver man than I am. I could never bring myself to put my numbers out in public like this. However, I feel like I need to give something back so here are some of my numbers as a first year lease o/o. I think by comparing them you'll see that you're on the right track and that having your own MC was not a mistake. If nothing else you should take comfort in knowing that the skills and knowledge youve gain are priceless. First Year Independent (You) Operating Cost $.98CMi First Year Lease o/o (Me) Operating Cost $1.17/Mi I take pride in knowing this is a VERY accurate number. Youre cheating yourself if youre not accounting for every penny. I have made multiple excel sheets tracking every important metric. Honest Operating Cost For Both First Year Independent Operating Cost $ 1.17/Mi When you add $1500/Month Truck Note Driver Pay .50C/Mi Fair market price for Chicago 1099 driver Total $1.67/Mi Firs Year lease o/o Operating Cost $1.17/Mi Initial Equipment Purchase $.52/Mi I bought my truck Cash but I still put it down as a fix expense. Diver Pay .50C/Mi Fair market price for Chicago 1099 driver Total $2.19/Mile[I] (This Should answer all those "guys I just bought a truck can I make money hiring a driver" treads) [/I] Fuel You MPG 6.42 @ an average of $2.49/Gallon payed Me 7.20 @ an average of 2.49/ Gallon payed Maintenance/ Repairs You $15,908.48 Me $ 14197 It's a little weird how similar our operating expense numbers are. I think this means youre doing a good job of managing youre expenses. The notable difference is that I was driving for well north of $2.00 a mile. I think that made all the difference. This also made me realize Im paying my company too much for insurance and to rent their trailer. Im getting my authority this week and your numbers are telling me Im making the right decision. This year should be a good one for you though, good luck.[/QUOTE]
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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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Caution Prospective Independent O/O! My Embarrassment.
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