You mean like put your hands on it [emoji6]
Only for tire related items is all and if you end the lease prior to completion the amount in tire fund stays with the truck, you don't get any of it. If you complete the lease you get whatever is left after that deduct the end of lease repairs from it.
ask your questions about prime inc here
Discussion in 'Prime' started by bartage, May 6, 2009.
Page 551 of 582
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Leasing is not for inexperienced drivers. This is a business where pennies are important, and if you don't have experience, you're at risk for failure. 4 out of 5 don't complete their first lease.redoctober83 Thanks this. -
I like the rollercoaster of "yay it's Friday I'm rich! Oh cr#p it's Monday I'm broke!".
Seriously though, as ironpony has stated before in his many posts, you need to set aside money from every paycheck into a savings account or have prime set up money going into an emergency fund. I take 25% of the net each week and put that into my savings account. Part of that is the oh ship fund and part of it is to cover taxes. But you need to always pay yourself something into those accounts before you do anything else with your paycheck or you are asking to go broke faster then a prime truck can drive down the road [emoji6]FullMetalJacket Thanks this. -
if you get several loads that pay well and then you go home and buy a new pickup, you are essentially embezzling money from the LLC. -
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If it's done right you can use vehicles and other equipment as business expenses. You can even give yourself bonuses. It's when you draw money all the time out of the business account for personal use. If you use and LLC as a sole proprietorship then that's where embezzling comes in and you can no longer use the "security" of the LLC in a lawsuit. I've seen first hand a LLC save the business owner from personally being held liable and just being able to file bankruptcy then 2 yrs later that same business owner took all the cash as if it was his in all the accounts and went to prison for a few years over it.
Be legit when operating as an LLC or any other entity other then sole proprietorship. You can loose it all if anything messes up -
I know Prime has many lease drivers, but if you don't want to lease will they continue trying to get you to lease? The company payrate seems generous enough to me that the only reason I'd ever want to lease is if I thought I could run my own business sometime down the line.
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Never once pressured to lease, merely offered the option after upgrading to A seat
Saturday and FullMetalJacket Thank this. -
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Chucktshoes, JimmyBones and FullMetalJacket Thank this.
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