Re: OT - buying a semi advice

Posted by john in la on March 12, 2005 at 14:32:57 from (66.157.50.175):

In Reply to: OT - buying a semi advice posted by Dave (IL) on March 12, 2005 at 12:13:14:

A business plan for owning a truck.
Go out and get caught smuggling drugs into the country so they can take your CDL away for life. You will be better off.
LOL

Really it all comes down to who you haul for. You put the answer you are looking for in your post.
but who knows

I know nothing about hauling it but it seems to me that grain and/or fertilizer would be a spring and fall job. You need a year round job. Then if you have one some fool wants to do it cheaper so you are out looking for work.

It cost my company over $20,000 a month to keep a truck on the road. We do have a new leased truck and trailer; and that does include driver pay but as you can see it takes mega bucks.

I assume you will be hauling for some one else so you will be under there lease. Even if he is a private carrier and has no authority you can still lease to him and pull under his private carrier authority. You need to check to see what he pays and what he pays for. Some but not all provide the base plate; insurance; reduced fuel prices; ect..... You pay for it in the long run through reduced pay per load.

But to put together a plan for a one truck business would look like this.
1)Truck note
2)Trailer note
3)Insurance
4)Payroll (what you need to make)
5)Payroll Taxes (you need to pay the business side of SS. Extra 7%)
6)Fuel (figured at 5 to 6 mpg and what you figure fuel to cost) We got 7.5 average out of our 2000 Pete but some do not get that.
7)Maintence (oil changes and repairs)
8)Tires (one set per driver per year if you buy new. More for caps)
9)Tempoary Rental Truck (you may need this one day)
10)Dot Safety inspection
11)Home office/ Miscellaneous
Again this assumes you need no authority or IFTA sticker because it is provided in the lease.

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