I heard from a tiny bird that Prime has 1,2, and 3 year leases. Does anyone have any info on a 1 year lease. What kinda truck you get. If its used do they help with maintence sense your basicly picking up a problem truck and whatnot. Do there lease classes actually go into detail with book keeping and the business side of being a lease op. Stuff like that.
Its not as simple as 1, 2 or 3 years. When a truck is purchased brand new it has a set lease time. Anything less than brand new is a lease for the balance of that remaininng time on the Lease. If there is a truck available with 1 month left on the lease, you can lease it for that one month. There maybe a truck you really like, but it has 29 months left on it, when really you are wanting something around a year.... Conversely, there maybe only one lease truck that has 13 months left on it, and its a piece of crap. The lease is a lease whether its a company truck or a lease op. A lease op truck can get turned in, and then assigned as a company truck... just like a company driver can quit and his truck can be offered up as a lease.
I am in the class right now. First the lease is 3 years. (for some situations there are 4 year leases but for the most they are 3 year) There are trucks that are turned in early and you can lease those with what is left. therefore there are shorter lease periods available at times. Today there were two trucks that only had 60 days left on the lease. there were a few that had 9 to 18 months left on the lease. The term is with the truck not the driver. that being said yes they give you the tools. but the choice to lease is not what they bring to you it is about what you bring to them. As a lease opp you are your own company and your client/customer is Prime. So if you can deliver on time and safely then they will be happy. TO make $ it is up to you to do so. Plan your work and work your plan
The first week's payment of the lease is backloaded to the end of the lease... you end up getting all of the revenue from the first settlement. Considering your first week starts when you sign (Wednesday or Thursday) plus time in the shop - you'd go in the hole that first week if they didn't do that. I stand by my advice to run on the company side for awhile... figure this gig out before you jump in the deep end.
