Mercer lease through Quality?

Discussion in 'Discuss Your Favorite Trucking Company Here' started by chris jumper, Aug 23, 2015.

  1. bsmoove

    bsmoove Light Load Member

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    Nope, I'm talking about a new truck also sir
     
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  3. Pepper24

    Pepper24 Road Train Member

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    How much is prime new truck cost before intrest
     
  4. bsmoove

    bsmoove Light Load Member

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    Jan 10, 2015
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    Depends. When I bought mine if I remember correctly it was $125-130k. I bought mine new. A 2013 Freightliner Cascadia with a ThermoKing apu and 120 gallon fuel tanks. The total payments for the Prime truck and the KLLM are about the same but you pay off your truck sooner at prime and still have warranty left because the payments are hire. I checked with KLLM and the breakdown is about $525-550 a week for 5.5-6 years for a new one. I just didn't like the fact KLLM has 80 gallon fuel tanks and no apu. I don't know if you can get them to install one.
     
  5. bsmoove

    bsmoove Light Load Member

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    Jan 10, 2015
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    I had to payment options with prime and my down payment which would affect my weekly payment was determined by my tenure at prime and my driving record. If you are new to prime they start down payments at $14k then reduce the payment my $1000 per year of service. I could elect for either a 3 year, $937 weekly payment totaling $146,172 and the down payment of $9k totaling $155172 or I could still put down $9k and pay $737 over 4 years. The four year option totaled $153,296 then with the down payment came to $162,296. I opted for 4 years but I could have payed it off sooner with no penalty
    Also, unlike most lease purchases, I could take my truck away to another carrier if I wanted. All I had to do was set up a account with Prime and deposit 2 payments and either have my new carrier debit from my settlement or setup a debit from a account if they wouldn't send to Prime. Doing this type of lease called the "Ace Lease", had a $1 buyout at the end. Now those numbers have changed a little since I bought mine in 2012.
     
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