mileage and price questions

just got a price quote from progressive. Tractor and trailer $4700/yr if I pay all at once, $5500/yr if I use the payment plan. So, if I use the payment plan and drive 2500 mls/wk for 48 wks/yr, it rounds up to $.05/ml.

(I use 48wks/yr because 4wks/mo x 12mos/yr is a simple way to figure, and allows for some down time and vacation.)

I don't know how to figure what plates will cost? $100/mo reasonable for load board fees? ($.01/ml)

So far: loan payment - $500/mo - $.05/ml
maintenance - $300/mo - $.03/ml
tires - ---------- $.04/ml
insurance $5,500/yr - $.05/ml
fuel ----------- $.73/ml
repairs -$5,000 - $15,000/yr$$.04-.12/ml
wages ------------ $.42/ml
load boards $100/mo - $.01/ml
____________
$1.37/ml - $1.45/ml
+ ? plates, authority, etc.
____________
?????????

 

Please help me fill in the blanks guys! Also, the big kicker, is how realistic is the 2500mls/wk?

 

And, yes, I am the driver, but that doesn't mean I shouldn't be making wages,right?!? Whatever is left over is pure profit. By the way, I came up with $.42/ml for wages because, at an average speed of 60mph, that equals roughly $25/hr which seems decent.

 

I guess I could subscribe to a couple of free ones for now, just to get a feel for the market, huh? Any thoughts on what prices and miles are realistic?

 

Thanks! I appreciate the good info! My very first estimates had me at around $1.39/ml including wages, so It looked real easy to make a decent profit. I can see now that $1.50 - $1.60 is going to be more realistic. So then, the big question is how many miles I would be able to get at $1.70 + in order to make a decent profit and be worth going into business. It also seems to me that success would partially hinge on how long before the first big break down. If you could get a few months of good income without a huge extra expense, you could have some money ready as opposed to spending more before there's even been any real income. Of course, the sooner the equipment gets paid off, the more profit there is also!

 

The ins. quote covered $100k for the load.