New Owner Operator Questions

Start with $80 a day for each day worked
Once you get going increase to $100.
Everyone does it differently

Also if you have steady revenue
You can pay yourself salary(1k a week) and rest put it in safe fund

 

I put 10% of gross away for maintenance and repairs.

 

You guys go thru over a $1,000 a month in maintenance?

 

For me, it is a maintenance/repairs/equipment upgrade account. The 10% gross I'm putting into the account just grows and is used as needed.

 

On average, the maintenance and repair costs for a truck runs around 12 - 15K per year. Some years may be more, some less but it averages out in that range.

 

Cut that by 60% if you do your own work. I average 4-500 per month on maintenance

 

Depends on how old the truck is. The older the truck the more you will need.

 

I put away .08 cpm for my 2012. The only real repairs I have had were a broken belt on the road and servicing the emission system at its regular interval. If you put aside .08-.10 cpm I don't think you'll have many surprises.

 

I have had my truck for a week. So far the only maintenance funds I have needed was the $180 for a load lock holder. $240 for load locks, and $9100 for the APU. So from my experience, $10,000 a week is about right. Now let's bow our heads and pray I am wrong.