Calculating the Cost of Owning a Semi Truck

Calculating the Cost of Owning a Semi Truck

Calculating the cost of  owning a truck is a source of confusion. Many people hear stories about how much money truckers make and decide to get into that.
While it’s true that there can be a lot of money coming in, more often than not ALOT of money goes out too.  I have made a small form  to give you an idea of the expenses involved in trucking.  I put this together for informational purposes. Recruiters and salesmen will only tell you what you want to hear.  This is “the rest of the story”…
EXPENSES AVERAGE COST YOUR COST
Truck Payment   $2000./mo for used   _____________
Trailer Payment $500./mo for used      _____________
License                   $150./mo                     _____________
Insurance             $1800./                          _____________
Fuel                         50% of income           _____________
Repairs                   15% of income            _____________
Living Expenses $30./day on road        _____________
Taxes and Fees $150./mo                        _____________
Expense Calculator  (you can download this Exel spreadsheet)
As you can see, the big money you make with a truck can go away pretty fast.  I am not telling you not to get involved in trucking. I am only saying you should go into it with your eyes open, so you don’t end up broke and disgusted.  Trucking can be fun and exciting, but there is a tremendous amount of risk involved with every aspect of trucking.  Trucking is not for everyone.
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