Is this a reasonable cost per mile?
$1 for fuel which I’ll adjust accordingly
$0.25 for maintenance and repairs, I drive a paid off 2020 Cascadia with 710,000 miles on it
$0.10 for deductions such as insurance and registration
$0.15 for miscellaneous truck stuff like scale tickets and tolls and everything else, whatever I don’t spend just goes into my pocket or can go towards repairs if needed
Total of $1.50 a mile
Including paying myself $1 per mile it’s $2.50
This is assuming an average of 2000 to 2500 miles a week. I’m with Landstar, so before their 35% cut my absolute minimum is $3.85 a mile including the 100% fuel surcharge because I pay myself a dollar a mile salary. Haven’t really had much trouble getting these rates lately on Landstar’s board
Maintenance wise, I’ve spent just under $15,000 in six months so I want a nice cushion. About half of that $15,000 included getting the truck healthy and in good shape from doing a full inspection at the dealer which I plan to do every four months
Thoughts? Based on my spreadsheet, as of six months so far my overall cost per mile is $1.36. I figured that there’s nothing wrong with overestimating my expenses