Leasing at Prime

Discussion in 'Prime' started by ironpony, Jun 25, 2012.

  1. DenaliDad

    DenaliDad Retired Wheel Dog

    An important, big step. It's been a long time coming. Well done.
     
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  3. Havingbabieseveryweek

    Havingbabieseveryweek Bobtail Member

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    Jun 21, 2014
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    Quick question, I know it's a lot of variables involved, but generally, once you sign a lease how difficult (or expensive) is it to break even and quit prime before your lease is up?
     
  4. ironpony

    ironpony Road Train Member

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    Sep 23, 2007
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    You can walk into leasing on any given day, and turn in your keys. How expensive depends on how well you've kept up your truck, and whether you are carrying any debt that you owe Prime. You're contractually bound to return the truck in the same condition you took it out except for normal wear and tear. There is a mileage escrow that's used to help fund turn-in repairs that you will forfeit if you leave early. The mileage escrow, all of your repair costs, the tire escrow, and any outstanding debt will be swept into your final settlement, along with your last weeks revenue (if any.) Any positive balance is yours, otherwise you'll owe the company.

    That being said, I do know someone who kept their truck in immaculate condition. She got everything back with no spurious charges against her final settlement.
     
    Havingbabieseveryweek Thanks this.
  5. kohio1

    kohio1 Bobtail Member

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    May 10, 2014
    North Central, Ohio
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    I agree with your choice on the ProStar with the 56 inch sleeper. Much more room than the Cascadia 48 inch sleeper. The Cascadia LW is made for those sleeping in it 2-3 nights, not for 2-3 weeks at a time. It would be much better if Prime would offer the Cascadia with the 60 inch sleeper, similar to the 72 inch condo, but with more narrow cabinets behind the seat.
     
  6. mx302dad

    mx302dad Bobtail Member

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    Dec 12, 2007
    Lower Alabama
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    Is Prime going to 100% LW?
     
  7. ironpony

    ironpony Road Train Member

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    No. LWs are standard for solo company drivers in the reefer division only. Lease operators in reefer division normally opt for a condo, plus training and team trucks are condos. Almost all flatbed drivers run condos because of the extra equipment they need, and most tankers are condos or mid-roof with a full sized sleeper. The tanker guys must be pulling some heavier loads to be getting into more LWs.
     
  8. mx302dad

    mx302dad Bobtail Member

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    Dec 12, 2007
    Lower Alabama
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  9. moose97

    moose97 Light Load Member

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    Oct 15, 2012
    Hoagland, IN
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    Tankers usually have condos, but if you want to go to the dedicated run out of Decatur, IN, there is a requirement for lease and lightweight. They total only about 30 trucks out of the tank division.
     
    michaelg Thanks this.
  10. ironpony

    ironpony Road Train Member

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    Sep 23, 2007
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    So, got an email from leasing last night... my title is in the leasing office in Springfield. Also included was instruction for the final payment as a cashiers check or wire transfer, and a PDF copy of a bill of sale to print and sign.

    Just need to make arrangements for the payment, and head on into Springfield to git 'r done. Yep... it can be done!
     
  11. acido22

    acido22 Light Load Member

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    May 11, 2013
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    congratulation bro. my plans are to finish paying my by june 2016
     
    ironpony Thanks this.
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