Episode 18: Understand Your Car's True Cost For Delivery

Deliver on Your Business

English - July 18, 2019 20:00 - 32 minutes - 22.6 MB - ★★★★★ - 16 ratings
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Previous Episode: Episode 17: Developing a Profit and Loss Mindset

Next Episode: Episode 19: What Insurance Should I Have for Grubhub, Doordash, Postmates, etc.?

We got a bit long here. But this is important stuff today - Your costs, especially your car costs, are what make or break you when doing delivery work in the Gig Economy for Doordash, Grubhub, Postmates, Uber Eats or any of the others. Too often we think that it's only about our gas and maybe oil changes. There are major costs involved in using your car for your delivery business.

What does it really mean if you drive enough miles to completely write off your taxes?

Understand the true costs of operating your car.

We provide a way to calculate a real world idea of your true costs. Many costs seem invisible because they are not immediately out of pocket. But we do pay for them later. We talk about calculating

Per mile cost for fixed costsDepreciation costsGas costMaintenance costs

We also discuss how leasing is different and what to calculate in a lease situation.

In episode 8 we talked about esitmating around 35 cents per mile. This is consistent with numbers when we run examples of these calculations. Rarely is it going to be under 30 cents a mile, maybe the very lowest will be about 25 cents per mile.