My experience in Prime's lease program so far.

36 months or 156 weeks. Its weekly. $1041 + $70 for the APU. That includes insurance.

Truck ends up being $162 on a lease and the APU is $10k. There is also a tire fund of .05 dispatched mile which for me averages around $130-150/week.

If you finish the 3 year lease you get a lease completion pay out of somewhere between $10-20k just depends what they have to do to the truck after your done.

You can figure that running the truck will cost you around $2,5k to $3k each week. I usually make between $4-5k to my truck each week as a solo driver. So I average around $1,5 lease to date it was a bit higher like $1,7ish but the last month +/- a few weeks I've had some below average weeks which has lowered my weekly average to the $1,5 range.

IMO the lease is not a good deal, but you can make more money than you'd make as a company driver. I won't finish my lease, I'll turn the truck in sometime after I get my year done for my cdl.

 

2018 Cascadia, the new style. It's a fleet truck but not a plane Jane model like a lot of companies run. Has power windows, heated mirrors, sleeper windows, air slide tandem, rear locker, right way gauge, tire pressure sensors and so on.. It's not owner op spec'd but likely as nice of a fleet truck as you can get.

The price is still to high though, but keep in mind that includes insurance.

 

I agree 100% one of the reasons I won't finish a lease. Everything about their lease program is meant to make them money. I'm simply doing my year for my CDL then will decide what I do after that.

With that said, you do get back most of the tire fund money at the end of the lease, but I'd assume most people don't complete the lease so Prime is able to pocket that money.

 

Well trucking in general is a very high turn over job, so I dont think it would be fair to go precentage wise across the top, but I don't honestly know how you could really come up with a reliable number with out having the typical churn of new drivers that wouldn't stay no matter if it was lease or company.

What I can say is about 20 people from my class are all on a app that lets us see where each other are so we can meet up and stay in contact. In our group we've only lost 1 guy who went to another company and then he left that company for another. Basically in our group going on 6 months we only lost the one guy and I'm pretty sure we are all lease.

 

This is the route I'm looking to take. I'd have no issue of putting a down payment on a truck and running at Prime. The problem is Prime requires a 2016 or newer with all the safety stuff. A 3 yo truck is quite a bit more than even a 2015 due to most 16's still being under lease. So it means I'd be paying more than I'd like.

The other issue is if I didn't lease on to prime I'd maybe try to buy a diffrent truck, like a Coronado roller or something.