Leasing at Prime

Congrates..........Something to plan for, when you hit the 4&5 year the repair bills are going to jump! Driving new trucks with warrantee is one thing, now you "own it" . And even with extended warrantees they will ( probably ) run out before your paid off.

 

any advice for someone wanting to lease a prime I'm new to trucking and figured I would work for prime for 6 months and then become a lease to own operator I have a wife and to child to support so I'd like as much information as possible on it. I also have a little over $20,000 saved upfrom an old 410K at my previous employer that I would like to use to finance my business venture any information on average pay per week or month or any advice at all would be greatly appreciated Thanks

 

Hey guys, if you are lease purchasing at Prime, how much is an average balloon payment at the end when you're ready to buy your truck? And how long is the typical lease term?

 

Before any leasing to begin you first need to know the industy you are working for. Also you need to know what your personal fixed expenses and how long you can go w/o a paycheck without harming your families safety, such as rent/utlities/and other basic needs. I would wait for at least a year before you try to lease a truck. Most failures are due to bad personal finacing. Also, leasing a truck is a Business not a company truck. So when a Flat tire happens or your engine quits you are stuck with the truck you lease. My truck and fuel cost are about 2-2.5k per week before any profit can be seen. Even with that profit YOU MUST set asside at least 10-15% of that profit for your TAXES!!!

I Hope this helps on what is required to know before you lease a truck.

 

So how much a week is a used truck lease payment then?
And I never hear about the used truck leases only the $900 a week new ones

 

Yes I combed through the hole thread I can see how some guys get over there heads thinking all they have to do is drive there a lease truck in the money just comes rolling in