Blog Series - 10 Tips Every Independent Trucker Should Know - Tip 2

Tip 2

Run the budget out—BEFORE YOU MAKE A PURCHASE.

At CFF, we built a quick and easy software program we call “CFF BUDGET BUILDER”. We believe so strongly in this program that we put it on the home page of our website and you can use it anytime you want—FREE OF CHARGE! Put yourself through this simple exercise by asking these questions to ensure you will actually make money before you start!
Question: Amount:
1 How much revenue will this equipment generate each month?
(You want this amount to be above $15000 per month)  $ ____________
2 How much is my monthly payment?                          ‐ ($ ____________)
3 How much will my driver cost per month? ‐               - ($ ____________)
4 How much will insurance cost per month?                ‐ ($ ____________)
5 How much will fuel cost per month?                          ‐ ($ ____________)
6 How much will repair and maintenance
cost per month?                                                            ‐ ($ ____________)
                                                    Approx. Monthly Profit  $ ____________
                                                                  x 12 Months = $ ____________

At CFF, we run every deal through the budget builder. We are amazed at how many clients thank us for putting them through it.

This simple exercise should be done any time you are buying equipment. If it’s your first truck, don’t buy it until you have put it through the Budget Builder. If you are expanding your business, going for a new contract or new niche, don’t do it until you have run your equipment through the Budget Builder.

Another great use of the Budget Builder is to determine if you can increase your rates to GENERATE MORE INCOME!


Join me next week for tip number three that every independent trucker needs to know NOW.
View All Published Tips

Matt Manero combines his business brilliance with more than 20 years of hands-on experience in transportation equipment finance. Today, he is a CEO leading four companies that generate over $100,000,000 per year in business with a base of more than 10,000 clients.

Matt launched his first business, Commercial Fleet Financing, Inc., in 1995 with a phone, a folding table and the  unyielding confidence of a single client, a trucker. Fast forward 20 years: Commercial Fleet Financing, Inc. made Inc. magazine’s Top 500/5000 list of fastest growing companies in America in 2014. Matt is the creator and personality behind, the first and only online video network featuring original programming for and by innovators, operators, movers and shakers of the transportation industry.

His companies have been recognized in trade publications such as OverdriveTransport TopicsCommercial Carrier Journal, and Dealer Solutions MagazineMatt hosts his own weekly Radio Show aptly named, “The Grit” which airs on and also on In addition to “The Grit,” Matt has authored a series of quick read books entitled “Tower, Mover and Construction Co. Need to Know NOW”, and also a forthcoming book, “I NEED MORE MONEY,” which reflects his battle to build his business and guides readers in creating their own future and financial success.

Reach Matt at his offices in Dallas, TX via email at and on twitter @mattmanero. Learn more at and