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I376 by jksheeks  5135 views
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Lease Purchasing a Truck -- The Economics
Assumption TableCompensation
Compensateded Miles135,000 Gross Compensation - Miles $110,700
Uncompensated Miles as % of Total Miles20%Excess Miles Penalty $1,470
Total Miles162,000
Net Compensation $109,230
Compensation Rate / Per Mile $0.82
Direct Costs
Excess Miles Limit / Yr.120,000
Excess Miles Penalty / Cents per Mile $0.0350 Fuel $41,186
Maintenance Reserve Escrow $8,100
Fuel Price / Gal. $1.50 Repairs $6,272
Average MPG5.90Tractor Tires $2,198
Fuel Price / Mile $0.2542 Qualcom $1,374
Fuel $41,186.44 Road, Fuel, Property, Highway Taxes $1,864
Loading / Unloading $1,617
Maintenance Reserve / cents/mile $0.05 Licenses $1,753
Maintenance Reserve Escrow $8,100 Permits $579
Telephone $2,057
Weekly Lease Payment $425.00 Truck Washing $671
Fines & Tickets $300
Annual Lease Payment $22,100.00
Subtotal Direct Costs $67,971
Insurance
Physical Damage $2,377
Non-trucking Liability $831
Cargo $1,469
Workmens' Comp / OccAcc $2,015
Subtotal Insurance $6,692
Indirect Costs
Bookkeeping $600
Meals $5,500
Lodging $685
Medical Insurance $3,400
Miscelleanous Expenses $4,700
Subtotal Indirect Costs $14,885
Annual Lease Payment $22,100
Net Income $-2,418
Sheet1
 
     
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