Leasing at Prime

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

  1. DenaliDad

    DenaliDad Retired Wheel Dog

    People love success stories. IP's is one of them.
     
    ironpony and Boy Howdey Thank this.
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  3. McCauley

    McCauley Medium Load Member

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    Jun 23, 2013
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    Talked to yet another Prime flatbed leaser who is doing great. I talk to every Prime flatbedder I can when I'm at truck stops or 01/90s. Every flat bed leaser I talk to tells me they easily take home four figures every week. The guy today started just in July and he said his average net is 1400 a week on an average of 2600 miles a week.

    I run my ### off as a company driver. Just got done with a 2700 week and feel that is a bad, slow week. I'll take home like 800 bucks on that. Feel like these lease guys are running circles around me and I'm giving money away.

    Strongly considering starting a lease again despite being only 5 months in to this.
     
  4. ironpony

    ironpony Road Train Member

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    Ask my GPS...
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    Its a business, not a paycheck on steroids. You'll need at least $3000 in the bank to finance your business, and you need to start studying about how to run a business. Find a lease driver who is willing to show you a couple of months of settlement statements, and who is willing to explain them to you. Next time you're in the terminal, go to leasing and ask them for a sample copy of the lease- read it and understand it so you'll know what you're getting into.
     
    wulfman75, JimmyBones, MsJamie and 5 others Thank this.
  5. JimmyBones

    JimmyBones Heavy Load Member

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    May 14, 2011
    Baxley, GA
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    Prime gives you all the tools you need to succeed. It isn't always easy, but I find it very gratifying. Also, I'll be buying myself a truck in two years, at the end of this lease.
     
  6. redoctober83

    redoctober83 Road Train Member

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    Sep 10, 2013
    Seattle, wa
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    I second that comment and would add you have to realize this is a business and as such with any new business venture, the first few years you need to focus on building your business and not look at this as if you are getting a bigger pay check and the freedom to take more time off then the company side.

    I have a friend who is leasing at prime right now and that's how he looks at this. He doesn't pay much attention to the numbers only if his paycheck is a positive or negative and in the 4 months he's been leasing he's taken 1.5 months off because he wants to and then complains it takes him 2-3 weeks to get a positive check again. He also thinks running his truck at 65mph all the time is going to get him more money because he can get that extra load in when he us actually losing more money on fuel costs that the extra load doesn't offset it.

    I've been leasing now since Jan 23 and I've had only 1 negative check and can tell you through last week's pay period, I'm a net profit of $6,352 even after having to put two new drive tires on within the first 9,000 miles of owning rid brand new truck.

    I have followed the advice of IP and Jimmy from the start and watch my expenses to the penny, found my own fuel option that saves me more per gallon then Prime's prices in the areas I am running (take time and do the research first and have a money reserve for this), and I have formed a good relationship with my manager. Take the time, build a plan and do the research! You will be successful if you work hard. If you just want to drop and hook and not worry about anything, stay a company driver.

    Good luck
     
  7. Recoil

    Recoil Bobtail Member

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    Mar 19, 2015
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    i can help with that if you pick up a trl and lets say its half full..GO FILL IT UP as soon as possible then do the macro(?) i cant remeber which one ATM but either way. the driver who dropped it at half will be billed. after that its on you as you use the trl. thats goes both ways..if you drop at trl at half or 1/4 a tank and the next driver has to fuel it to use it. you will get billed...
     
  8. JimmyBones

    JimmyBones Heavy Load Member

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    Baxley, GA
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    Don't even need to do a macro. Just reply with 'Y' when it asks you if you are owed a credit after fueling.
     
  9. redoctober83

    redoctober83 Road Train Member

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    Seattle, wa
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    Exactly! The only time I send in a macro for fueling is when I fuel off network, which for me is daily so I am always sending in a Macro 10, LOL.
     
  10. ironpony

    ironpony Road Train Member

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    Sep 23, 2007
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    Don't be dropping a trailer with less than 7/8s if you can help it. That's uncool. Do shut your reefer down when you get to a receiver and open your doors up... it'll stay cooler than leaving it running and sucking warm air into the opening between the dock and your trailer. But don't be stressing about reefer as a cost either... it runs me about 0.3-cpm overall, and that really is peanuts. Chuck it under cost of doing business on the reefer side.

    As far as costs are concerned, your number 1 cost is tractor fuel. Running around at 65 all the time, trying to squeeze one more trip in is a loosing game. You'll spend more in tractor fuel and wear 'n tear than you'll ever get back in extra trip revenue.
     
    Drew352, albert l and redoctober83 Thank this.
  11. adeal76

    adeal76 Bobtail Member

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    Jul 17, 2011
    frackville,pa
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    are you still with prime and leasing a truck? I am looking to go there at the end of this month. I have read your first post with them just wondering if you could give me a update with them. thank you
     
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