Partners in Business tip: Keep an escrow account for maintenance costs

Updated Apr 20, 2022

Every good preventive maintenance schedule begins with a maintenance escrow savings account. A good formula for this ties the age of the truck to cents-per-mile savings:

  • New: 5 cpm
  • One year or 150,000 miles: 6 cpm
  • Two years or 300,000 miles: 7 cpm
  • Three years or 450,000 miles: 8 cpm
  • Four years or 600,000 miles: 10 cpm
  • Five or more years, or 750,000+ miles: 15 cpm

The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm. Download the comprehensive "Partners in Business" owner-operator business manual, covering topics from start-up to expansion with multiple trucks. There, find much more information about the ins and outs of safety, maintenance and business processes, among a myriad other topics. 

Click here to see more quick-hit Partners in Business tips.

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