Is "Success Leasing" same as a Lease-purchase?

Discussion in 'Prime' started by OOIDA Media, May 14, 2010.

  1. OOIDA Media

    OOIDA Media Light Load Member

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    Jan 25, 2008
    Grain Valley, MO
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    Just checking the terminology used if it's interchangeable. What I call a lease purchase is when your equipment is financed by the carrier you drive for. Thanks.
     
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  3. U2Exit

    U2Exit Road Train Member

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    If you really are with OOIDA you know the answer to your question.

    I guess when you have to pay over Half a million dollars worth of Prime's arrorney fees its hard to let the hate go.

    http://www.allbusiness.com/legal/trial-procedure-suits-claims/11449740-1.html
     
    Big Don Thanks this.
  4. southernpride

    southernpride Gone But Never Forgotten

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    NOW TO ANSWER YOUR QUESTION WITHOUT THE EGAL JARGON prime is lika a lease purchase is it doable not likely it is a very expensive way to go, do you ever get the truck payed for ? believe it or not some do but it takes a lot to get it done and it is more then expensive but if your desperate to get a truck , well you can get one there i no i did a long time ago BUT i didn't last i gave it back.

    why is it so expensive ? well if you go to any truck dealer and try to buy a truck with no credit check and nothing down it won't take you long to figure it out you can not do it they will just laugh at you thats why it is so expensive , it is popular with drivers that are desperate to get a truck and you can ge a new truck with no problem and there good trucks not junk. but lke the driver that goes out and buy's a brand new pete fo 150.000 he looks good but for how long his payments are 2000.00 a month and he hauls for an average of a dollor a mile , how long do you think he can last under that kind of pressure not long about the same with prime it is expensive and in order for you to make it you have to run and i mean all the time, no money to send home , no home time , and when you do go home your payments dont stop when your ready to run again your a payment behind sound like a peice of cake to you it is really a rough way to go and almost impossible to pay for the lease is the most expensive lease i no of but a lot of guys go for it every day.

    part of the reason is that prime rolls out the red carpet for you they give you anything you want , do anything you ask , during the period of getting your truck its all roses but when you get your first load that goes away rather quickly but you got a new truck alright and i must admit they are nice but at that price it dosent take long before the new is compleatly gone.
    but you are free to choose and get that new truck the thing you must do is ask yourself can you pay for it , can you keep up with it, hard questions and my simple answer is no you can not.

    i lasted 2 months and i was gone . are tey the same today , i have no idea that was 12 years ago and company's do change , prome i have no idea i doubt it there making to much money off of those trucks .

    hope this info has helped. southernpride:biggrin_25514:
     
    OOIDA Media Thanks this.
  5. OOIDA Media

    OOIDA Media Light Load Member

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    Jan 25, 2008
    Grain Valley, MO
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    Thanks, Southerpride

    I get emails from people who have found themselves in a financial jam after having gotten involved in lease purchase programs.
     
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