Prime's lease deal. The math gets done.

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2 years ago I leased a tractor from Prime and pulled one of their tankers, as I had for Quality Carriers. After 6 weeks I was still living off of my savings because I HAD NOT SEEN ONE THIN DIME IN PAY! I took not one single advance, had no repairs, and on top of everything else, got nothing but gibberish from my DM. I got the hell outta' there in a hurry leaving the truck at their yard in northeast PA at the beginning of the 7th week! About a month later Prime sent a bill to my house telling me I owed THEM money!!!!

I'm a business person? What they charge is business expenses???? What Prime does is akin to setting up my 6 year kid to sell lemonade in front of our house in the middle of January at 3am! Yeah, I'll give him a pitcher, some sugar, some lemons, and hell, I'll even squeeze the lemons for him! The conditions he'll work under combined with his lack of business savvy (don't forget, I'm the heartless one setting him up in adverse conditions) will gurantee his demise - if not actual death! Oh... but others on this board with the funky mentality they openly display suffering from 'Battered Wife Syndrome" will suggest the 6-year old stays out there until the daylight hours and until it gets warm... in JUNE! "Things will get better if you stick with it," my DM said... he he he heeee!

It would have been smarter to have worked for McDonald's and put money in my pocket with minimum wage. I would have been home every night, AND had health benefits! Run smart one guy here said???? What a crock of ####! You'd have to run THREE log books, sleep once every three days, and go home once every 6 months in order to make something resembling a decent living with Prime's scam! Then again, $500 clear for 168 hours of work per week is good money for some guys here! Where's 168 hours come from? How about the 168 hours (24 x 7) a week you spend in possession of that hellhole called a truck? Eating, sleeping, working, relaxing -even pissing & crapping (only if you "run smart," he he he) in your little slice of self-imposed solitary confinement! If you're an illegal alien/day laborer I guess it would also be heaven... but even they get $125 per day CASH, a meal, and transporttion to & from the landscaping jobs! .... oh and they get to sleep in their own beds at night without an APU running all night long and taking showers in scummy truck-stops.

Needless to say, I went crawling back on my hands and knees with tears in my eyes to get my old job back with the city. I'll now take ANY amount of #### they give me for my $32.50/hour, full benefits, and a company car. As a matter of fact, I'd parade through downtown painted pink, completely naked with a cucumber sticking out of my ### AND mouth if they asked me to! (I won't list the city... someone just might call & make that request! He he he)

Thanks Prime! Thank you for treating me like an animal and making me realize what's really out there and how really good I had it - and have it now once again!

Lesson learned!
Sean O'Leary

 

i have no sympathy for anyone taken in by lease- purchase, or in this case, a lease scheme. it's a fraud as old as trucking, and a scam that never ends. there are plent yof sources of good information on these schemes, but nobody checks them out first. very few understand this is a BUSINESS, and like any business, you need to know what you are getting into before you sign anything. but nope, i wanna be an owner operator. well, ya ain't gonna be. you are gonna be an operator (driver), and pay not only for a truck, but the cost of operation.

i prefer to think of it not so much as a rip off, but rather a "stupid tax" on inmature people who have no clue about the industry or history of trucking, have no business sense, and little to no common sense. like a kid in a candy shop, they just see what they want.

you got what you deserved if you got fleeced in a lease purchase scam. don't blame the guy who ripped you off if he didn't hold a gun to your head when you signed the papers. he saw an idiot coming, and took advantage of the situation. maybe he ain't a nice guy. maybe he's even morally bankrupt. but he ain't stupid either. the stupid one was the one who went for the deal without checking the facts first, and took the deal.

 

Straight lease... not a lease purchase.

So... with impeccable timing this guy starts a business with zero capital reserve right on the edge of an economic precipice, looses his #####, and then it's all the carriers fault.

Yeah, this one is priceless.

 

there ya go. people have been getting ripped off for over 40 years from this scam, and still, they keep on coming.

paw paw is blowing off about 1200 bucks a week being good money if i read it right. sure it is. deduct 30% of that for taxes, another 30% for a maintainence fund (a CHEAP rebuild is 15 grand), and you have less than a good drivers wage.

 

People "get ripped off" because they allow their greed to lead them into signing a contract without reading it, no plan, no cash to keep them going, and thinking that running a business like a company driver mashes the throttle will lead them to riches.

If they would look before they leap, learn how to be successful before they get in over their head... it would be a different story.

 

Closest thing I can compare to prime is Amway very similar business models


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I am here: http://maps.google.com/maps?ll=35.109874,-111.026127
Jason WX4JCW
Sent from my iPhone4 using Tapatalk

 

Thank You Ironpony.

 

72% - Say The Lease purchase/Rent a Truck program is a Scam! http://www.truthabouttrucking.com/trucking.company.lease.purchase.programs/index.html Do any of you PRIME Drivers think the "rent a truck deal is a scam!"

 

Ok It depends on your dispatcher how far you deadhead the truck (deadhead means
cost to run,no income or compensation.
The only way they make money is if they train/
Also depends on warranty items a dealer then turns it over to
company looks like a bill company charges you back
Has far as a completion bonus of the lease that is your money charged per mile
paid back to you minus what you owe.
Has far as a straight lease you say at Prime there will be a buyout price
go finance it .TURN IN FOR NEWER TRUCK.
TRUCK LEASE IS RINSE REPEAT RINSE AGAIN
Go out and buy froma dealer sure cant be older then say 2yrs or 3
BEST THING TO DO STAY COMPANY HERE>

 

YES when offered a load sometimes when accepted when your assigned the load
the line haul is lower then agreed upon then when you call in let me get with sales
Sometimes the good with the bad loads equation got it .but dont tell the lease
operator I dont care what the deadhead is this a good paying load .
Here one If you are a trainer have a lease you are the one paying for the trainee work comp ss etc
as if your employing them.The trainee gets paid 600 a week when available I was told.or something to that effect.YOU MIGHT THINK YOUR THE BOSS AND DICTATE
LOADS OR RUN WHERE YOU WANT LEASING WRONG AGAIN DISPATCHERS THE BOSS
WITH A PLAN.IF YOUR TIGHT WITH EM MIGHT BE OK