Posted by Willie in Mn on March 24, 2010 at 05:36:26 from (64.12.116.74):
In Reply to: I never knew... posted by indianared on March 23, 2010 at 15:49:41:
Too much information missing to form a good opinion. Just another way to look at things, right or wrong. Don't shoot the messenger. Just using ball-park figures, +/- 10%. The $.50 SMD barely covers the average econo-box family car. In your response below you state 150,000 miles on $70,000 income. That comes out at less than $.50 a mile. Now total up actual expenses. Fuel, depreciation, fuel tax & lic/registration in each state traveled, cargo insurance, commercial liability insurance, meals & lodging, total expenses come close to $1.00 a mile without taking out wages for yourself. Commercial liability because 150,000 miles puts you at more risk than John Doe who drives less than 10,000 miles a year running to the grocery store. Not even figuring maintenance. Can't get by long on $20.00 Quicky Oil Change, couple sets of tires, brakes, etc. If it doesn't generate at least $1.25 a running mile, better off to stay home. Vehicle built as a commercial van doesn't mean anything. Those fancy conversion vans come from the original factory to the outfitters as bare bones units, with a temporary driver's seat to move it around the yard. Interiors are completely fitted out to the buyer's specs. Your van can be fitted out with seats etc to make it suitable for "taxi or limo" use. The list is almost endless. An audit can be a wake-up call. Time to keep every reciept, set prices to cover all expenses, & hopefully show a profit. Haveing spent over 40 years in the transport business, I have some idea of how things operate. Willie,diesel pilot-retired
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