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The List: Key monthly expenses?

Discussion in 'Ask An Owner Operator' started by CruzControhl2, Nov 10, 2023.

  1. Nov 10, 2023 #1
    CruzControhl2

    CruzControhl2 Light Load Member

    134
    86
    Sep 24, 2023
    North America
    0
    Looking to start up and trying to gather a list of expected monthly operating expenses. I know there's something I'm not thinking of...
    My setup would be leased on, under company authority, pulling their trailer with only bobtail insurance.
    What things will I need to pay monthly?
    Here's my list, so far:
    Truck payment: $2k/ month
    Truck insurance: $366-$529/month
    Truck fuel: To be determined
    IFTA: To be determined
    ELogs: do these have a monthly subscription
    Wife/girlfriend: Okay just kidding I'm single.
    Needed that laugh.
    CPA/Accountant: Am I paying this guy monthly or once a year and
    How much/average?
    That's all I can think of but I'm sure there's something I'm not considering.
    Also is there a such thing as tire insurance? I know unexpected tire failure can be costly.
    Thanks in advance!
     
    CruzControhl2, Nov 10, 2023
    CruzControhl2, Nov 10, 2023
    #1
    blairandgretchen Thanks this.
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  3. Nov 10, 2023 #2
    Judge

    Judge Road Train Member

    13,513
    89,735
    Mar 19, 2014
    Arkansas
    0
    Pay my cpa yearly, usually $1000/buisness 170/personal.
    elog varies, 45-60/month.
    Fuel varies, one truck 1100-1800/week.
    They way i run anyways.
    There’s some numbers though.
    Ifta varies per states, mileages.
     
    Judge, Nov 10, 2023
    Judge, Nov 10, 2023
    #2
    CruzControhl2 Thanks this.
  4. Nov 10, 2023 #3
    Ridgeline

    Ridgeline Road Train Member

    22,609
    120,130
    Dec 18, 2011
    Michigan
    0
    Why so cheap?
    These are variable costs, so you can estimate them by the average load and deah head mileage and where you travel.
    If you like to play with receipts, just spreadsheet all of them. Find someone who will tell you what you need, you may not need to have quarterly payments, they will look at your entire revenue model and tell you what you need to do.
     
    Ridgeline, Nov 10, 2023
    Ridgeline, Nov 10, 2023
    #3
    CruzControhl2 Thanks this.
  5. Nov 10, 2023 #4
    blairandgretchen

    blairandgretchen Road Train Member

    13,632
    74,064
    Dec 9, 2011
    South west Missouri
    0
    Price a set of tires and divide by 150,000 miles -

    Price an oil change and divide by 15,000 miles.

    Price health insurance.

    Truck washes.

    Subscriptions.
     
    blairandgretchen, Nov 10, 2023
    blairandgretchen, Nov 10, 2023
    #4
    timd1978 and CruzControhl2 Thank this.
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