anyone gone thru Prime training and into a lease?

http://www.thetruckersreport.com/tr...e/66145-primes-lease-deal-math-gets-done.html

Long thread that contains information from those who are successful with it, and those who failed.

 

But apparently only in short bursts. Might have to drop the "off" part of that if youre thinking of a lease.

 

I've done a couple of different posts about being an O/O for lesser experienced drivers..its not something you want to do first year..and there are better leases out there than prime.

It used to be with prime you leased two years..then you ha a 15 to 20k balloon payment at the end of the lease to buy the truck, or you had to tur it back in and lease a new one..

They did pay a small bonus for turning it back in at lease completion..but it wasn't enough to cover the balloon payment...its more along the lines of leasing a car...

There are lease/purchase types of programs out there..but none that you will be able to get into without a solid year's worth of driving under your belt...most are between 3-5 years..obviously the longer the lease..the less you pay to keep the truck at the end of it..

example is John Christner Trucking..they lease a truck to you for 5 years..the payoff at the end is a buck..1.00 and its yours, free and clear..to get in there though..you have to have 1 year straight OTR..preferably with 1 company only.

1st year companies usually can't put enough miles on a truck to make it profitable for you..they also generally pay anywhere between 20-30 cpm less a mile than copanies that won't touch you till after 1 year..

I will advise you not to do it..but if you ignore that and decide to go ahead..then be sure to read the fine print before signing...ask bout the end of the lease..balloon payments, who pays permits and plates, insurance, maintenance, and talk to the drivers already going through it to find out what kind of miles they are getting..not the recruiter.

Petey

 

I know the pull of wanting your own truck..believe me I do. I have been an O/O and getting back into the business i feel the pull again..HOWEVER...if at all possible, run with the company you are considering leasing with as a company driver for a few months at least to check out the company and their dispatch style..If they can't keep you running as a company driver then as a Lease/op you will be in trouble.

Petey

 

never make payments on a truck you don't own....

But if you decide to do it I could use a little extra every month and I'll even put your name on the side of my truck...

 

even if you make payments you dont own anything until you have the title in your hands. The bank owns it.

 

MY opinion on this company vs lease
company driver do your normal duties
do qaul-com messages, logs, drive safe, talk to shippers ,receivers(customers)fuel ,take a break
OK STOP RIGHT THERE
add a business plan tax records ,watch the numbers ,time off or broke down. Truck payments fixed
expenses dont stop...two weeks catchup NO net income.Hey how about those personal bills also
OH I can advance money what it is a advance further in debt.
LOOK HERE IF NEW TO PRIME OR ANY LEASE FOR THAT MATTER
ALSO READ YOUR CONTRACTS>>

 

The training is pretty good, but its NOT "reasonable to get a handle on what you're doing" for going into a lease. Run company-side a year or two to learn how to operate the truck efficiently, and then think about it. Gives you enough time to digest the lease contract, and run a shadow-company to see if your company-side loads could lead to enough revenue to make it work.

So... does it work? Yes. Do you have to train? No. But you really have to know what you're doing first - that's why you don't want to jump out of a trainers truck into a lease anywhere.