What is a good pay rate for O/O leased to someone else?

Discussion in 'Ask An Owner Operator' started by Stringb8n, Jun 13, 2020.

  1. Long FLD

    Long FLD Road Train Member

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    You’re painting with a fairly broad brush. I guess you could say I drive a plastic #### box but everything else is false. So I guess I’ll stop figuring my mpg’s or watching my fuel cost since I make enough money it’s not an issue.
     
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  3. abyliks

    abyliks Road Train Member

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    i didn’t say there was no reason to figure it out, I said I’m not worried about pinching every last penny over it, if I have an easy day and can just cruise to save fuel I will, if it’s getting kind of tight and I can get an extra load by putting my foot in it I will do that as well, same with sleeping, if I need heat/ac it’s on, but I won’t idle the truck if I can sleep comfortably . There lots of variables and you absolutely should know fuel cost, but it’s not my ONlY concern with running a truck, nor did I buy a truck based solely off what it did for mpg
    but every one has their own way of doing things
     
    Last edited: Jun 14, 2020
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  4. Midwest Trucker

    Midwest Trucker Road Train Member

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    18,181 gallons vs 12,500 gallons is the difference between 5.5 mpg and 8 mpg on 100,000 miles.

    Thats a lot of money each year. I never believed in spending money just to avoid taxes. Doesn’t make sense. Buy a newer more fuel efficient truck and use depreciation to save on taxes instead.
     
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  5. Stringb8n

    Stringb8n Road Train Member

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    Wow. That would be a lot of wasted money for sure with nearly 6,000 gallons more than needed.
     
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  6. abyliks

    abyliks Road Train Member

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    i would bet payments/costs of a new truck would come out almost even with an old truck that uses more fuel at the end of the year , To each their own, personally I hate paying taxes and even after fuel I can always find something else to spend money on justified by the business, I’ve also gotten lazier over the years and and It’s a lot easier to let paid off equipment sit then something with a big payment that needs to make money every week, I have zero interest In running 100k miles a year
     
    Last edited: Jun 14, 2020
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  7. jamespmack

    jamespmack Road Train Member

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    It takes average $1.63cpm to operated a tractor, van trailer and pay a driver decent wages.

    But remember the business needs to profit too.
     
  8. Long FLD

    Long FLD Road Train Member

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    My first reply to you was to your reply saying “if you run cheap you have no choice but to pinch pennies” in regards to fuel mileage. So all I said was fuel mileage is free money, not as important now as when fuel is over $4, but it’s still low hanging fruit to go after. I can say that payment, insurance, fuel, and maintenance costs me less on my newer truck than what I was paying for insurance, fuel, and maintenance on the 95 I had. Not to mention a ton of depreciation to work with so that extra money stays in my pocket without having to spend money to lower my taxable income. But in the two months I’ve been off I did make a few trips and meet with truck salesmen, etc so I could write off the cost of the trips and a few nights in the hotel.

    It’s a common narrative on this site that anyone concerned with mpg’s must not haul for enough. So maybe that’s why I came across a little snarky in my reply. I like to make money and I like to keep money. Same reason I don’t have a big hood or a 15L engine anymore, we get paid by weight and that’s easy money that adds up over the course of a year.
     
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  9. Midwest Trucker

    Midwest Trucker Road Train Member

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    I agree. I like to maximize revenue and minimize expenses. It’s the only way to really get ahead in this deal IMO.
     
  10. abyliks

    abyliks Road Train Member

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    like I said to each their own, everyone has their own way of running their business, do whatever works for you, but the other other half of this forum truely believes if they have a 60 mph Volvo they can make money buying a truck because that’s how the mega company they worked for for 6 months tells them as long as they get x mpg, and I was just saying there is more to making money with a truck then just fuel, I worked on a local highway project for a few years that I would do ~40 miles a night on, (and 28 we’re back and forth to the yard), Fuel really didn’t matter much to show up for for 8 hours and do 3 worth of actual work, now that I have authority and do some longer Trips I Do watch it a little more and keep track of cost per mile but getting 5.8-6 instead of 8 isn’t going to bankrupt me and loose my ###.
     
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