This calculator helps you estimate your cost per mile. The calculator has four parts: fixed expenses, variable expenses, total monthly expenses, and cost per mile. Enter or modify the editable values, and the calculated totals will update automatically.
For a detailed explanation of this calculator, read our full guide: “How to Calculate Your Cost Per Mile (Truckers and Owner Operators).”
Monthly Fixed Costs
Enter your estimated monthly fixed costs. These are expenses that generally stay the same regardless of how many miles you drive, such as truck payments. The calculator will total these costs automatically.
| Item | Cost |
|---|---|
| Truck Payments | $ |
| Trailer Payments | $ |
| Insurance – Collision | $ |
| Insurance – Deadhead | $ |
| Insurance – Cargo | $ |
| Insurance – Health | $ |
| Insurance – Workman’s Comp. | $ |
| License Plates | $ |
| Permits | $ |
| Parking Expenses | $ |
| Estimated Total | $ 2,520 |
Monthly Variable Costs
Enter your estimated monthly variable costs. These are expenses that change based on operations, such as fuel and tolls. The calculator will total these costs automatically.
| Item | Cost |
|---|---|
| Fuel | $ |
| Meals / Lodging | $ |
| Telephone | $ |
| Satellite | $ |
| Tolls | $ |
| Loading / Unloading Fees | $ |
| Tires | $ |
| Maintenance | $ |
| Repairs | $ |
| Factoring Fees | $ |
| Broker Fees | $ |
| Miscellaneous Expenses | $ |
| Estimated Total | $ 5,880 |
Total Monthly Costs
This section summarizes your estimated monthly costs by combining your fixed and variable expenses. The totals update automatically when you change the values in the prior sections.
| Item | Cost |
|---|---|
| Fixed Expenses | $ 2,520 |
| Variable Expenses | $ 5,880 |
| Estimated Monthly Expenses | $ 8,400 |
Cost Per Mile
Enter your estimated monthly miles. This section provides your fixed cost per mile, variable cost per mile, and total cost per mile. The results update in real time as you change the miles or any expense values above.
| Monthly Miles | |
| Fixed Costs per Mile | $ 0.30 |
| Variable Costs per Mile | $ 0.70 |
| Total Costs per Mile | $ 1.00 |
Note: This calculator is provided for educational purposes only. Consult a financial professional or CPA if you need help.
Marco Terry is the Managing Director of Commercial Capital LLC and has over two decades of experience in asset-based finance. He has worked with small and mid-sized companies across the United States, Canada, and Australia. Marco holds a Master of Science in Finance.