Like I said, I'd have to dig up the plan which is at home on an excel spreadsheet somewhere, my partner had to teach me how to do that. I figured in a few good average numbers and that had everything in nice and pretty detail. With a spread of disaster to exccelent numbers.
But the rate is 1.12 for long runs. Tolls are paid etc. Just round up the fixed cost to about 900 and go from there if you wanna play with it.
But pre at 3000 miles a week 4 weeks down time 161k 2000 miles a week 107k.
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Update on Swift Lease Purchase
Discussion in 'Lease Purchase Trucking Forum' started by BigRich711, Oct 6, 2015.
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Fuel surcharge varies every week but last week was 17cpm for evey mile drive . It gets higher the more the fuel costs.
There's easily more profit to be made doing lease it just means being smarter than the average turd who wants to go home weekly.Last edited: Jul 5, 2016
Ssand Man Thanks this. -
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Do you use the brokers they have by chance? I've known a few drivers who do, my old mentor included. -
Not sure of tax rate at $84/yr income. You stated 25%. You forgot the 15.3% fica tax, and in my state 6% tax. Adds up to over 46% rate.
FerrissWheel Thanks this. -
I live in NV (no state tax) But a problem for those else where. Which brings that optimistic 85k down to
50775 Nevada anyway.
As I said, those numbers didn't account for maintence either, take some out for that. Non deductible expenses, and I forgot how swift does IFTA, it's been over a year since I looked at this at all.
But it also doesn't account for what I refer to as "Tax shenanigans." Some legal, some not. Two big things with being in an owner or lease op, saving on fuel and saving on taxes.
Either way I decided against it for a reason, you helped me remember why. -
FerrissWheel Thanks this.
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I am on my 2nd truck here, a 2016 T680 and my total fixed costs are about $720. When it is your first truck then you have 2 extra deductions, Security deposit and one other. That will take your fixed costs up to about $870, and once those are paid, payment will drop. Also has far as the pay per mile, I might be wrong, but 1st time lease, they have to go on the new pay plan. If your old mentor is still getting the FSC, then like me, he is still on the old plan. Mystic can help better. He opted for the new one.
KriegHund and FerrissWheel Thank this. -
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