It's a formula based on the cost to return the fuel price to $1.25 per gallon in a 6 mpg truck using last week's fleet fuel average cost... say $3.50 per gallon. Then...
($3.50 - $1.25)/6 mpg = 37.5 cpm
So the fuel surcharge for the current week would be 37.5 cpm... however you get everything the shipper pays with the amount over the week's surcharge rate split between you and Prime at a 72%/28% ratio.
Your first week's payment is backloaded on the lease. The 2nd week is when you get your first payment taken out.
They used to reserve 1.5-cpm for tires. My current rate on a purchase contract is 7-cpm... so that's something you may want to talk to leasing on. BTW... the next time you're in SPRIMO walk over to the leasing office and ask them for a sample copy of the lease.
They'll quote you the truck payment, and then tell you there's another $150 or so in miscellaneous costs, meaning plates, permits, etc. Your truck payment includes insurance. That doesn't include the rental fee for an APU which was $70 per week the last time I had a lease.
Sure, but any cutting/drilling or "modifications" to the interior of the truck will cost you when you turn the truck in. It's better to have the detail shop do anything that involves that sort of stuff. It will be noted in your truck file, and you won't be charged (I believe) to reverse that stuff at turn-in time.
Read the lease thread... it's from a reefer perspective, but I'm sure there is stuff in there that may help you out. Good luck... remember, you'll be running a business, so treat it like one. You need at least $3,000 in the bank to tide you over that first year; undercapitalization is one of the biggest reasons first-year lease drivers don't make it, so the more you have available when you start the easier it is to be successful. Make sure you get into SPRIMO or PRIPIT for an ACE-II business class within your first three months, and figure out how you're going to keep track of your accounting. By that I mean YOU need to either keep a spreadsheet or use a commercial product to track your numbers... that doesn't mean who you're going to have do your taxes.
http://www.thetruckersreport.com/truckingindustryforum/prime/182163-leasing-at-prime.html
Prime Flatbed Divison Info
Discussion in 'Prime' started by OpenRoadDreamer, Oct 18, 2011.
Page 138 of 141
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Thanks IP , I appreciate your help. I did this to provide a better future for my lil girl and to be able to provide for my family, I don't wanna jump from the company side over to lease if I'm doin really good where I'm at. I'm a TNT trainer and avg 900 wk. I just wanna do what's best for the family and also my career.
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Is the Bristol, TN area a good place to be flatbed for Prime?
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Yeah, Tn is a good place. We have several different places we p/u there.
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I am due to unforseen circumstance going to be leaving prime, any one that will be in Springfield this week message me I have a 12v fridge from company store that I am gonna sell and a 12v 13.3 hdtv+ antenna booster, 12v digital stove, and I have some other things I dont want to hual home. K 40 cb antenna, brand new v boards to go 20 pack still in plastic. Anyone interested pm me im heading in to Springfield this week so my final student can test out then im going home for final home time, im gonna miss this wonderful company in all I have made a good living and learned a lot doing this just wish things were different.
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actual V boards? for rolled roofing? I won't be anywhere near springfield, but I'm curious as to where you got them.
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I see them laying around or on trailers once in a while. I think you could acquire a set for free if your not in a hurry.
If you get a load that requires them, mention it to your FM that you will be stopping to buy the material to make some, you might get reimbursed. -
Go to a hardware store buy some 1x2's and roofing nails cut one of ur straps bout 6in. And make a set. Send your receipt in with a trip and you will be reimbursed.
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I think i'll just avoid rolled roofing. I've got too much crap as it is.
skellr Thanks this. -
I left mine on a trailer for that reason. The new trucks really lack the space and the upcoming trailer skirts won't help either.
Whatever will be gained by the 1-2% fuel mileage will be wasted in time trying to fenagle the gear in prefect so it will all fit.
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