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

Oct 7, 2020

Updated Aug 25, 2021

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. The program is sponsored by TBS Factoring Service.

Click here to see more Partners in Business tips.

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