Lease purchase Rough Draft

Updated info

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These numbers are based on 2012 lease perchance hand book, all numbers are subject to change.


2012 Cascadia Weekly Fixed Expensives
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Truck Payment: $542


Collision insurance: $63.25


Bobtail insurance: $5.77


Occ/Acc insurance: $32.31


Qual com rental: $20.00


Heavy Highway Tax: $15.00


Maintenance account: $.10 added on @ end of settlement
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Subtotal: $678.33




The above is a very rough estimate of my fixed weekly expenditures that the company requires. Add roughly + 20$ for prepass and other cheap misc.


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Trip 1
Total miles: 833 (paid miles)
FSC: .434
Truck miles per gallon: 6.5 (going 65 mph)
National diesel price: 3.895


Please correct me if my math is wrong here or if I am leaving something out.


833 / 6.5 = 128 gallons need for trip.


833 x .434= $361.522 (FSC)


128 x 3.895 =. $498.56 Total fuel cost without FSC (apx)


498.56-361.522= $137.04 Total fuel cost with FSC


833 x .92 = $ 766.36


766.36 - 137.04= $629.32 gross profit ( before I take out for taxes)


Now if I do this trip two more times my total settlement for the week (before swifts cut)


$1,887.96 gross income for week




$1887.96 -678.33 = $1209.63 (income after truck payment)


629.32 x .10 = $62.932 ( .10 per mile per trip for maintenance)


62.93 x 3= $ 188.80 (total for maintenance)


1209.63 - 188.80 = $1020.83


1020.83 x 30% = $306.25 ( income after taxes)


1020.83 - 306.25 = $714.58 (what i keep per settlement after taxes, fuel, and payment)

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Updated with Swift FSC, .10c maintenance account, and taxes.


Again if someone could check my numbers I would be very grateful.

 

Going to be honest... Don't lease until those kids are grown and out of the house. If the numbers I have been posting are correct then my net-yearly-income is $34, 299.84 a year.

Company driver should make more, with a lot less head ache.

 

grrr I hate making stupid mistakes like that. Ty for catching it.

im not as concerned about mt pay as much as I should be. But here is the reason I am not that concerned.

with a normal dry van my current truck gets apx 9 mpg (avg). Lets say I have to travel 199 miles empty then I would simply calculate. (199 miles is from Tampa to Jacksonville which is the usual when I come back from home time)!

199/9 = 22.11 gallons of fuel needed

22.11 x 3.895 = 86.12 price of fuel going off national avg.

199 x .82 = 163.18

163.18 - 86.12 = 77.06

No maybe i should be screaming my head off at this number, but I am not. As a company driver now (for usx) I rarely go above 199 miles empty.

I am not naive enough to think it cant happen, but I did a few calculations (not written down on here) and each time I have turned some kind of profit on empty miles. Not huge that I could live on, but enough keep me in the black.

 

to be completely honesty you are the person I wanted to respond to this. I've read #### near all your posts about l/o with swift and seems you have figured it out.

With the numbers I posted (with maintenance now being fixed) do my numbers add up? I did the simulation with a 2,500 mile week which I think (or thought) would be a nice avg of miles.


rather underestimate than over. At least then if its higher then ill be surprised.