Reality of my logic

It really coes Down to the gamble of an older truck having endless maintenance or the gamble of a truck payment every month to add to my expenses. But from what I understand and hear, the newer one may have just as many breakdowns plus the payment ticking away every day I sit.
I believe a well maintained older truck is the safest way to go as long as I bump my rolling maintenance up to .20 or even .25 a mile
That will basically replace the truck every year

 

I have moved some things around still based on 80k miles
.6 fuel
.05 toll and fee
.25 maintenance
.30 insurance tractor and health at 12k year ea.
.4 base driver pay
That's a base operation exp. Of 1.55 a mile.
That frees up .2 per mile I can play with either a loan or profit of about 1k a month.
Now this doesnt have taxes and what not in it becuase I cant remember what is paid on gross and what is net. I believe soc. Is gross but not sure how much I pay as a leased one driver

 

So either way plan on spending a little more on bringing it up to pare

 

That's what I did. I got all the numbers but taxes that will have to be some on the fly correction when I set down with my acct. If we take driver pay out and the extra then my operation I'd at about 1.15 a mile operating exp. 1.35 if we assume a 1k a month loan

I understand not mixing them but if I cant provide my basic family needs then there is no point in doing this I need to bring home 1500 a week to keep my family housed feed and clothed ect.
That's why I had it set up as basic driver pay. Then upped it once I got the others covered and stayed under or at my 1.75 goal
I'm not saying your wrong by standard practice a business should be it's own independent structure
I could say 1.35 a mile is my operating cost that leaves .4 a mile to pay my self and such but it's the same end isn't it?

 

True. My "plan" is to set aside that 1.35 a mile to cover what it needs adding it all to the maintenance fund. Then I'll payroll myself out of that for just enough to live. At the end of the quarter pay myself a bonus or something. when I'm setting taxes and evaluating my expenses I'm unsure of how to or how I should distribute "profit" between me and the business.
I'm thinking 40 - 60 where 40 comes to me and 60% stays with the business.
Part of me feels it should be more 20% to me and 80 business for the first year. Then once I see how much meat is on the bone or the business can take care of a years expenses then adjust accordingly.
I'm still thinking on it but I see apart I left out. I need to repay myself as well. So I'll have .2 a mile set up as a loan fund either way if it's to me or to a bank or both.
So
.6 fuel
.05 toll and fee
.25 maintenance
.30 insurance tractor and health at 12k year ea.
.4 base driver pay
.2 loan repayment
1.8 a mile operating with a core operating of 1.2 not counting any personal payments

 

I wanted to just say thank you for everyone that had offered advice and suggestions. I still have much to learn and appreciate any future advice

 

So I could adjust it to 2 a mile by upping base pay to .6 but I feel that getting up there to where a down market may make it tough or hard to operate at that rate
And really the loan repayment should be a core exp. So back to 1.4 core operating cost. Then 2 a mile to include personal