That's why you should never listen to a truck driver, and research it yourself. Too much Nonsense out here. I wouldn't discount Prime's lease deal when many op's can make well over what I would and do. Figure 88 thousand a year would be the low end since I am very Lazy
12 Week Numbers on New Lease
Discussion in 'Prime' started by Prime-Mate, Jun 21, 2018.
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spyder7723 Thanks this.
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Working as a Driver at XPO Logistics: 50 Reviews | Indeed.com -
As for being happy or not at a specific job, that's an entirely different conversation, and it all comes down to the individual and his goals.p608 Thanks this. -
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I've already demonstrated in a very simplistic way that $0.75 a mile "bank" you posted on the Prime leasing program is nothing more than buying one's self a job at best, while allowing the company to leverage ALL liability over onto the lease op.
These company owners/CEO's are laughing all the way to the bank, believe me, I know whereof I speak, I used to work inside on the corporate side.
Look, I don't want to wade too deep into the weeds. But let me ask all you guys that have drunk the kool-aid on lease op programs like Prime, do you know what replacement reserves are? Not maintenance reserves, but replacement capital reserves.
If so, where out of that $0.75 a mile (or less) before related benefits & payroll expenditures are the asset replacement reserves coming from?
How about the residual due at the end of most of these leases? Where is that money coming from?
I'll tell you where, NOWHERE!...
Which is why the vast MAJORITY of suckers who sign these leases NEVER get the title to that truck in the end. I'm not saying there aren't some, but they are a very slim minority. The one's that do have to have everything go just right and work like dogs getting there. And when they do, they possess the title to a truck that is out of warranty, starting to break down in a major way with NO reserves to cover the expenses!
Heck, some people make good money selling Avon, Tupperware & Shaklee too. But only those who are are on top of the pyramid scheme do, think trucking company CEO's selling these programs.
What's that you say, Joe? You'd like to get out from your current truck lease? No problem, here's the contract to a new one.DSK333 Thanks this.
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