Prime Lease-Operator: Questions

Discussion in 'Prime' started by csmith1281, Sep 12, 2017.

  1. csmith1281

    csmith1281 Medium Load Member

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    Just talked to a recruiter for Prime and I have another driver contact I met in the middle of the night in a drop yard in WI, so no reason to believe he'd have any reason to blow smoke about Prime. They both say Prime pays 72% (ish... forgot the actual percentage) of the load gross plus fuel surcharge, I can have "up to three heartbeats" in the truck at any time, including children of ANY age and/or a pet. The lease is no money down, no credit check, and I can walk away at any time with no repercussions. My friend said he makes between $1100 and $1600 avg net every week with a few weeks hitting over $2000.

    I have a business degree with a concentration in accounting and I am aware of the financial picture leasing represents. I'm thinking about doing his for a few reasons:

    1) I am a big family man and I want my kids with me on the road. We homeschool, so that would be awesome experience for them. Plus I have three kids under 5, which is the minimum age the next most lenient company will let me take kids (Crete). As a Prime lessee, I can take all of my kids with me NOW.

    2) I don't mind making the high payments on the leased truck because I would still be making more than I could make as a company driver, and I would be in a more comfortable situation in the truck with my kids. Plus, if I do lease until I owned the truck, I will not have paid anymore for it than I would have if I took bank financing--considering interest. Bottom line is: more weekly income, potential to have equity in the truck I own, none of the downside risk of damage to my credit or financial standing, and if I never own the truck, i'm not "losing" as much as "gaining, just not as much as I could if I pay $50,000 for a used truck and paid it off in two years." My long-term plan is to BUY a truck, pay it off, buy another one with cash, and grow my fleet that way. Higher weekly income will help me get there faster.

    I don't mind if anybody wants to debate the soundness of my financial plan, but my real questions are these:

    Can anybody who is currently leasing with Prime verify whether their leasing deal with is really what the recruiter and my friend say it is as laid out above--right NOW?

    Is Prime one of the worst companies to work for? I already work for one of them, so as long as I'm taking a step up, I can work for "not the best" if I'm really going to get the benefits I think I'm going to get.
     
    Last edited: Sep 12, 2017
  2. albert l

    albert l Road Train Member

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    csmith1281 Thanks this.
  3. csmith1281

    csmith1281 Medium Load Member

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  4. Cat sdp

    Cat sdp . .

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    Who gonna cover the health insurance on the family.....you with the truck ?
     
  5. csmith1281

    csmith1281 Medium Load Member

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    Right now I have health insurance through the National Guard. Eventually, I would like to get out of the guard, so at some point my income would be covering health insurance.
     
    Cat sdp Thanks this.
  6. Robd1178

    Robd1178 Light Load Member

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    You can make very good money leasing here at Prime, as long as you know how to run your clock and don't plan on going home every couple weeks. Running solo, I also avg in the $1500-$2000 a week area, but keep in mind you need to put money aside for taxes and maintenance, plus health insurance and what not. Leasing is not for everybody, you will have a bad week now and then, have money put aside for when coming off of hometime etc.

    Good luck!
     
    redoctober83 and csmith1281 Thank this.
  7. crb

    crb Road Train Member

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    You can find jobs making that a week and be home.
     
    swervyjoe Thanks this.
  8. Robd1178

    Robd1178 Light Load Member

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    That may be, but if I'm not mistaken we're talking otr here.
     
    Ssand Man Thanks this.
  9. crb

    crb Road Train Member

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    Op says he's a big family man. Why not be home more for the same kind of money plus benefits. Just my 2 cents. I know company drivers doing 100k plus. I don't see the aPeal to leasing.
     
  10. csmith1281

    csmith1281 Medium Load Member

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    Where?
     
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