My experience in Prime's lease program so far.

IrreverentCrawfish · Apr 6, 2018

Linte_Loco said: ↑

I can understand working like a dog to bank some money for a year. If you have a plan to get your own truck.
You appear to have your head above water. Good luck and don’t do that forever though
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Exactly. At the end of the day, I know I'd be getting boned by the lease program, but as long as I make more leasing than I would company, that's just more in the bank for a down payment on my own truck in a year.

Scooter Jones · Apr 6, 2018

trucker28truck said: ↑

Prime is a school, company that makes huge money on silly truck driver students, they make money, pure business. They dont care about drivers, you are a number at prime. All those parties, meetings, barbeque is for office guys not for drivers, you as a driver live in your truck.My buddy in NYC making 1500 per week delivering bread night time, home everyday. You on the road like a dog, dont see family or friends become lone wolf and making 1300-1700?? Is it a good pay? No it is not and the reason is because at prime you are getting ripped off big time. I am not saying Prime bad company, NO, Prime is a decent company, well organized but you are just a number at prime, a dunkey pulling fright for Prime to make money on you.Sales at prime rule the world, dispatchers are nobody, dont like one fhim, get another one - but it wont help you, cause sales rule.So they make money for themselves and you as a driver at prime on the bottom of food chain, things rolling from driver up, and they manipulate it.
Overall working for Prime is waste of time, low pay, huge rip off, slavery.
I averaged after one year with prime 1.49 dollars per mile doing lease - it is very low. And that is where they make money, students run cheap paying freight and sales getting all the money in their pocket. I was living in the truck.Did one year and quit next day as soon as one year passed. Prime is a student company, you can not jump over your head at Prime, they owe every single student big time for getting big bucks and you getting none for putting to much of an effort.Not worth it.
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You averaged only $1.49 per mile gross revenue? There is NO WAY anyone doing that in this industry can turn a profit.

These company executives have to be laughing their arses off behind closed doors or during their golf tee times at the suckers who line up for these deals.

trucker28truck · Apr 6, 2018

Scooter Jones said: ↑

You averaged only $1.49 per mile gross revenue? There is NO WAY anyone doing that in this industry can turn a profit.

These company executives have to be laughing their arses off behind closed doors or during their golf tee times at the suckers who line up for these deals.
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Yes, statement summary, revenue per mile summary, after 1 year 1.49 cents per mile, guaranteed by prime was 1.02 it means you can not get less than 1.02 cents per mile pay, which is to cover only truck lease payment and fuel costs, so for driver nothing take home. mine 1.49 means my salary was 49 cents per mile, doing lease it was 3 cents more than company driver in lightweight truck, condo truck 41 cents per mile, so, that what i am saying it was pure nonsense work for prime, they get all the money, driver sucks big time at prime, at least i did. The funny part, when i delivered 4 loads per week and at the end of the week i had - 300$ negative on my statement, how the hell it could be, i work and i am in debt at the end of the week? Welcome to prime, you will be robbed low there.You cant refuse loads at prime, all nonsense. Not there anymore, happy to be out.

Scooter Jones · Apr 6, 2018

trucker28truck said: ↑

Yes, statement summary, revenue per mile summary, after 1 year 1.49 cents per mile, guaranteed by prime was 1.02 it means you can not get less than 1.02 cents per mile pay, which is to cover only truck lease payment and fuel costs, so for driver nothing take home. mine 1.49 means my salary was 49 cents per mile, doing lease it was 3 cents more than company driver in lightweight truck, condo truck 41 cents per mile, so, that what i am saying it was pure nonsense work for prime, they get all the money, driver sucks big time at prime, at least i did. The funny part, when i delivered 4 loads per week and at the end of the week i had - 300$ negative on my statement, how the hell it could be, i work and i am in debt at the end of the week? Welcome to prime, you will be robbed low there.You cant refuse loads at prime, all nonsense. Not there anymore, happy to be out.
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You assumed ALL the risk, grossed 0.49 per mile as a sub-contractor with no benefits, paying your own SE taxes, etc, were a slave to the truck in hopes of what in the end?

What are these recruiters putting in the food at orientation that would convince a guy to sign up for something like that?

Linte_Loco · Apr 6, 2018

IrreverentCrawfish said: ↑

Exactly. At the end of the day, I know I'd be getting boned by the lease program, but as long as I make more leasing than I would company, that's just more in the bank for a down payment on my own truck in a year.
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And the experience of handling more financial responsibility regarding trucking expenses can’t be ignored.

crocky · Apr 6, 2018

Western flyer said: ↑

Your getting bent over and you don't even know it.
You actually like it.
You have to work 20 weeks straight to make
A living. Lol.
That's 5 freaking months for 1200 bucks a week
And your proud of that.
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Whatever Mr Super Trucker..

If you hate lease so much why are you in the lease forum? I'm giving real world info to other drivers who might or might not go lease. Im glad you were given the golden key to a truck your first day on the job and you made $100k your 1st year..

The rest of us arent so lucky as you.. so I'm giving out some info from someone actually runnig a lease truck. This way other drivers can get a bit more info to go by instead of constantly reading over and over the opinions of Super Truckers who think lease sucks and can't wait to tell everyone..

Really, if you haters don't like leases so much why do you spend so much time trolling the lease forum?

crocky · Apr 6, 2018

trucker28truck said: ↑

Crocky i am not trying to say anything against you or convince you doing your things otherwise.
Ofcourse my buddy has a lot of expenses but he is living his life.
Prime is not perfect, i am now at smaller flee(150 trucks) company, after Prime. Just to compare, i make 6500 in 3weeks than take one week off, here there stay longer home, rules are at the company minimum 3 weeks on the road. They buy me airplane ticket going back to Maine from Chicago and returning back to Chicago after home time, etc other perks. Company driver, no stress that i had with lease. I dont have 20 years under my belt experience but, just compare 2 companies Prime where i strated and where i am now is a big difference.Although thanks to Prime it made me sensitive money wise - dont waste time and resources.I feel more relaxed now, money even better than at Prime.
You do what you are doing, feel happy, i am glad for you that it is what you like.No, not for me, i felt screwed at Prime.
If anyone has a bit of intelligence he will not continue work at Prime, got CDL, finished 1 year, run, planty of companies around, or start your own if you really love this lifestyle and business.
Important to communicate with other guys from other companies, fast will get to the point that something not right at Prime, why pay so low.
Or another example, have other friend that works basically same style as all people at Prime, he leases his truck from one company and works as O/O in another, so his cheque is around 18000$ a month, +/- 3000 depend on the month. His weekly truck lease is 820 dollars, just do the math.How could it be I leased at Prime, runned like crazy, no social life, stress, and i end up lower than company driver at other smaller companies? Answer is simple, I was screwed by the company, they get the money and drop for me a little what they think driver worth. Communication is important, and new information, thus you can compare what you have and where you want to be.
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You found your better company, after doing your 1st year with Prime. I would assume it's safe to say you wouldn't have gotten that job if not for your 1st year's experance.

That's where I'm at now, getting that 1st year experance and running hard to make the most of it.

crocky · Apr 6, 2018

trucker28truck said: ↑

Yes, statement summary, revenue per mile summary, after 1 year 1.49 cents per mile, guaranteed by prime was 1.02 it means you can not get less than 1.02 cents per mile pay, which is to cover only truck lease payment and fuel costs, so for driver nothing take home. mine 1.49 means my salary was 49 cents per mile, doing lease it was 3 cents more than company driver in lightweight truck, condo truck 41 cents per mile, so, that what i am saying it was pure nonsense work for prime, they get all the money, driver sucks big time at prime, at least i did. The funny part, when i delivered 4 loads per week and at the end of the week i had - 300$ negative on my statement, how the hell it could be, i work and i am in debt at the end of the week? Welcome to prime, you will be robbed low there.You cant refuse loads at prime, all nonsense. Not there anymore, happy to be out.
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That's not really accurate.. you can't just say it cost $1.00
/mile for the truck then you only made .49.. It doesn't work that way.

If you ran 2000 miles is just under $3k but if you ran 3000 miles you made $4,4k.. You cant just say you made .49/ mile because you assume thetruck cost $1/mile.. it doesn't work that way there are a lot of variables to sort out income to profit ratio when you get paid diffrent rates for loads and run diffrent miles each week. If it was always the same pay and same miles your way would work, but it changes every week with OTR.

Prime offers 1.02 mile as a base guaranteebut doesn't mean that's the cost of the truck. For the record that 1.02 is BS anyway. They say it's 1.02 mile base but truth is you have to average below 1.02 which you never will. Meaning you still might get a crap load out of NJ that ends up paying .90 cents but as long as your week averages above $1.02 You won't get anything extra. You just don't take those loads is all unless it's sending you to a very good location for your next load.

For the record I'm in the $1.83 for my lease to date.

crocky · Apr 6, 2018

IrreverentCrawfish said: ↑

Exactly. At the end of the day, I know I'd be getting boned by the lease program, but as long as I make more leasing than I would company, that's just more in the bank for a down payment on my own truck in a year.
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This is the right way to look at it and same way I look at it. The lease is not a good deal, but it can be used to make yourself more money than you would make as a company driver if you can hustle. Lease is not for lazy people.

Scooter Jones · Apr 6, 2018

Just wondering, what does Prime charge per month for a new truck, just the lease payment?

Is it based on 4 years, 5 years? Also, at the end of the lease, is there a residual balance if you want to buy the truck? If so, how much is it?

The place where I used to work charged the lease ops $2,800 a month for 60 mos with a residual of $35,000 at the end. This is for a basic KW T680 with a Paacar motor and auto.

That's $203,000 all in if the guy pays it off at the end of 5 years.

That my friends is what you call getting hosed.

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