Startup cost estimator
The truck is only part of it. This adds up the cash you need on hand before the first settlement arrives. The starting figures are placeholders. Replace each one with a real quote.
One-time costs to get rolling
Lenders often ask 10 to 25 percent on a used truck.
Enter 0 if the carrier or customer supplies trailers.
Independent inspection, tires, brakes and fluids on a used truck.
Leased: physical damage and bobtail coverage. Own authority: often a large share of the first year up front.
Apportioned plates if you cross state lines.
IRS Form 2290, due when the truck goes into service.
Logging device, straps or load bars, safety gear, tools.
One tow and one major repair can end a new business without it.
Operating reserve
You pay for fuel today and get paid weeks later. The reserve is what keeps the truck moving in between.
Fuel, truck payment, insurance, and what you need to pay yourself.
Leased operators are usually paid weekly. Three to four weeks covers a slow start.
Cash to have on hand
$40,350
Truck down payment$15,000
Inspection and first repairs$3,000
Insurance down payment$2,000
Plates and registration$2,000
Heavy vehicle use tax$550
ELD and equipment$800
Emergency repair fund$5,000
Operating reserve (4 weeks)$12,000
Total$40,350
An estimate for planning. Prices for trucks, insurance and registrations vary widely by state, credit and driving record.
Read when you are ready to buy a truck, and once you are running, track the real numbers in YoTruck.