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Leasing at Prime

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

Page 6 of 94
  1. Jul 24, 2012 #51
    ironpony

    ironpony Road Train Member

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    That's quite a change... including the size of the down payment. The previous system was $10k on a two-year note for a used truck (including the one you're currently leasing) under 450k miles, or $9k on a brand-spankin' new one. I'm curious... were the terms written into your current lease as part of the buyout option?
     
    ironpony, Jul 24, 2012
    ironpony, Jul 24, 2012
    #51
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  3. Jul 25, 2012 #52
    silenteagle

    silenteagle Road Train Member

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    The ace lease has an ammortized schedule that shows your monthly progress. It shows the payoff weekly. All costs are listed in the lease as well.
     
    silenteagle, Jul 25, 2012
    silenteagle, Jul 25, 2012
    #52
  4. Jul 25, 2012 #53
    ironpony

    ironpony Road Train Member

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    So the conversion from a regular lease to ACE lease is specified in the terms then - and the reduction in downpayment? That would be part of the new lease contract they started using in 2010. I'm not sure that lowering the bar to ownership through a lowered down is necessarily a good thing for many drivers though. The habit of saving has been greatly reduced over the years, and one thing a owner-op needs even more than a lease-op is operating cash.
     
    ironpony, Jul 25, 2012
    ironpony, Jul 25, 2012
    #53
  5. Jul 26, 2012 #54
    silenteagle

    silenteagle Road Train Member

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    Sorry IP, I misunderstood your question. The terms for conversion are not in the standard lease. We pursued the change by discussing it with Success Leasing. As far as the driver rating and the reduced downpayment, it is very very hard to get your rating above 3 within your first year of driving. I would think that very few new drivers would get the reduction, and most would not make the money for the downpayment that fast.
     
    silenteagle, Jul 26, 2012
    silenteagle, Jul 26, 2012
    #54
  7. Jul 27, 2012 #55
    heavychevy

    heavychevy Light Load Member

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    Hmmm the idea entices me. Considering I'm gonna be divorced, have no kids, and my only bills are a cell phone and cheap rent with a friend. Ill see how my Hawaiian bro does first
     
    heavychevy, Jul 27, 2012
    heavychevy, Jul 27, 2012
    #55
  8. Jul 28, 2012 #56
    Skateboard1956

    Skateboard1956 Bobtail Member

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    How's freight pay on the flatbed side? Same game, short runs pay better then the long runs??
    Just curious. It's all in knowing how the game is played. If its first come first dispatched how do you know if your getting the best paying load??
     
    Skateboard1956, Jul 28, 2012
    Skateboard1956, Jul 28, 2012
    #56
  9. Jul 28, 2012 #57
    OpenRoadDreamer

    OpenRoadDreamer Road Train Member

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    Ive spoken to a few l/o on the fb side. They were happy. Not sure bout exactly how the lease works. Its all about creating a good relationship with your FM. Take care of them, they take care of you.
     
    OpenRoadDreamer, Jul 28, 2012
    OpenRoadDreamer, Jul 28, 2012
    #57
  10. Jul 28, 2012 #58
    ironpony

    ironpony Road Train Member

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    AMA is the guy on the flatbed side. He doesn't post here much though.

    Basically, depending on the revenue for said short runs. Minimizing expenses is the name of the game.

    You don't, but that's where trusting your business partner... i.e., your FM comes in. They're paid a base plus a percentage based on the success of their board - meaning how well you do, so feeding you bad loads is detrimental to their paycheck.
     
    ironpony, Jul 28, 2012
    ironpony, Jul 28, 2012
    #58
    EnesteVarg Thanks this.
  11. Jul 28, 2012 #59
    Skateboard1956

    Skateboard1956 Bobtail Member

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    Jul 27, 2012
    Marcellus, mi
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    Thanks. Well as a company driver and then an o/o my dispatchers used to all bring me to town and take me to dinner. Of course we had paper logs then so I would run my ##### off and be home every weekend. Now you can't do that, and they can't think you will either. I've ran from Dallas to to the west coast in a day and a half so I could get a good load out by noon.
    Im not interested in that anymore, but driving 10 hrs a day isn't bad.
    Left north Carolina one afternoon after 4 and was in Cairo, il by six the next morning. That sh## will kill you. I don't want any of that any more. Guess that's where the elogs stop them from even trying to push you that hard.
    Thanks
     
    Skateboard1956, Jul 28, 2012
    Skateboard1956, Jul 28, 2012
    #59
  12. Jul 28, 2012 #60
    OpenRoadDreamer

    OpenRoadDreamer Road Train Member

    6,225
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    Apr 26, 2011
    Alabama
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    My FM knows how hard I can run. He keep me moving, but knows I need a break sometimes.
     
    OpenRoadDreamer, Jul 28, 2012
    OpenRoadDreamer, Jul 28, 2012
    #60
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