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

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.

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The Business Manual for Owner-Operators
Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the 2021 edition of Partners in Business.
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