Hello. I'm new to forum.
I just got out of trainer's truck at Prime, am considering lease purchase but I hear bad things. I don't really understand what is bad about "be your own boss" but I guess there probably some complicated paper work.
Does anybody have advice? My trainer never shut up about lease program the whole time. Half the time he was complaining, and rest of time he was saying he loved it.
I think he has multiple personality disorder.![]()
Hello, I am Doris
Discussion in 'The Welcome Wagon' started by Doris, Mar 2, 2012.
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you start out company save your money get pointers from owner operators while you stay a compnay driver. even though your profile says 11 yrs,,you should not go lease unless you know what it takes to make a business get off and stay off the ground.
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welcome to the forum...do some reading on here...there are post about lease purchase as well as prime.....being your won boss is great, i just wouldnt do it with a lease purchase, FROM ANY company....
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Hi i'm the cukoo here and welcome , pour cup of joe ,sit back with box of popcorn and ask away , were here too help with anything, btw i was thinking going with prime till i started too read there web site and kinda scared me , nothen bad , but some things i have too talk with a person about
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my brother in law did a lease purchase with prime back in the early 90's.....i know he got majorly screwed...i would have to ask hubby for details...we drove for them in the early 90's as well...but we drove for a fleet owner that was leased on
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Profile say 11 years I drive truck in Moldova and Ukraine not long in United State. I drive truck good but do not know business and tax and I do not know if money earned is enough to pay fuel and expenses. I am advise do not lease truck by one man and a nother man tell me it good income. I am not trying get rich just want to make happy the wife. Second child due to be born in 2 month.
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Good Luck !!
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I second this. Good luck with making happy your wife...It cant be done!
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It can be done she very happy to be in United State. I come from beutiful country but is not opportunity there to make success. So I study and make study the wife we come to this country in the land of the freedom to do business but I start to think maybe do business not good?
123456 Thanks this. -
You don't want to lease a truck from any carrier, especially with a new child due. If you want to be your own boss and own a truck, then stay a company driver and save your money until you have a good down payment or can pay cash. When you lease a truck from a carrier you will pay much more for the truck than if you paid cash or financed a truck on your own. Make a commitment to save a certain amount of money out of every paycheck. In a year or two you can have enough for a good down payment or even pay cash for your truck. You will make a lot more money doing it this way rather than leasing from a carrier. While you are a company driver get yourself a ring binder or composition book and keep track of all expenses and revenue generated by the owner of the truck you are driving. It will give you a much better idea of what it will cost to operate a truck on your own.
Things are different in the U.S. than in Moldova or Ukraine. You need to take your time and learn how things are done here before going out and buying or leasing a truck. Honestly, I don't see how anyone can make money by leasing a truck from one of these carriers. Very few seem to be able to make them work. Those who do seem to barely get by on the net income they receive. Most would earn more net income by remaining a company driver. Whether you lease or buy a truck, you should be able to stick more net income in your pocket than if you were a company driver. When you lease a truck from a carrier you will easily pay them up to about $800/week for the lease payment and all the other charges such as maintenance account, etc., You should be able to buy a good used truck for less than $20,000. Even if you financed your purchase it would cost much less than leasing.
Carriers make the lease sound attractive, but the costs are too high for most to make it. And in fairness, not everyone has the ability to successfully manage their own business. If you want to get an idea of what it costs to operate a lease truck there is a spreadsheet on the OOIDA website which might be helpful to you. www.ooida.com. They also have a spreadsheet for those who are thinking about buying a truck on their own. Personally, I would recommend you keep your payment below $1,000/month. The only way to do that is to buy your truck with your own financing. The idea is to make money. You will not be free to take the truck to another carrier when you lease from your company. If you buy on your own, then you can take your truck anywhere you wish. Good luck and welcome to the USA.
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