Prime's lease deal. The math gets done.

No doubt Packy.... I'm in heaven at 5.3 and all the wind this week had me in the 4's. This was not a profitable week at all......

 

But their business model won't work at 7mpg.....

 

You'd have to work that through with your Fleet Manager.

It ain't great these days either.

Sure it does. It just depends on how much corporate welfare you want to provide to the share holders of outfits like BP, Shell, Texaco. It's also called "leaving money on the table." Now if you're in such good financial shape that lighting your cigars with $100 bills is like avoiding bending over to pick up pennys lying on the ground, then fine, go for that 4mpg.

 

Ah ok. You prime boys are making a political statement by running 53 mph and not because that lease payment is eating you alive.

 

Ah no. The "lease payment isn't eating me alive." On the other hand, I'm not out here to pump my ego up by seeing how many Swift trucks I can pass. Show me the dead presidents.

 

Also needs to be noted that on a Prime Lease payment, 100% of the payments made are a tax deduction whereas only your interest on a truck payment is deductible if you bought the truck yourself. Seek professional tax advice, but that is a basic fact that is always missed by the complainers.

 

Any lease is 100% tax deductible.
If you buy a truck you can also write off the depreciation of the value of the vehicle, not just interest on the loan.

 

I drove for Prime for 16 years. I left them three months ago to go to R.E. Garrison. Best thing i ever did. If you sign the new lease in that lease they take part of your fuel surcharge. And it really adds up. They tell you if you was a senior driver the grandfather you in on the old contract. Not true. They only do that on one lease renewal. But any renewals after that your forced on the new contract as i was.

 

They're applying the revenue split to the difference between paid fuel surcharge over the weeks average. so 28% of a couple of cents... we discussed that here some time ago when the new contract language came out and agreed on an individual basis it wasn't anything to get your panties in a wad over. Although none of us appreciated it...

 

That is what I thought although I don't know maybe he needs to take a look at my fuel mileage and then he can talk about piss poor.

Well you see that's your problem. If you consider 7mpg piss poor and you have to get more than 7mpg in order to keep money in your pocket instead of having it sucked out you should probably look into being a company driver or going someplace else. Doesn't sound like a life I'd want to be living when I'm worried about dropping below 7mpg which is already pretty hard to do. Not to mention worry about getting delivered on time get the next load picked up, all while worrying about your 14 hour clock or QUALCOMM going off. 7mpg isn't piss poor. I don't know where you're getting that. so what you have to be up there around 10 mpg since 7 sucks the money out of your pocket? I'm sorry I'm just having a very hard time comprehending this and where you're coming up with that. I don't know maybe times have changed but if you get worried every time you drop below 7mpg it's either you're getting screwed on your loads, you're living way out of your means, or a combination of the 2. I can't say for sure but that's my opinion on the matter. I don't see where you're coming up with your figures.