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Prime Lease Purchase
Discussion in 'Lease Purchase Trucking Forum' started by Leperkhanh, Dec 8, 2019.
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When I went OTR. During the crash. Everyone wanted 3 years otr. Except Swift. JCT was one I inquired.
To put it in perspective. There IS no purchase option. The megas trade em in regardless. You never own the truck. You never the own title. There is no contract that is an actual purchase contract. The mega can pull one out from under you. You just trade for a newer one. They lease the trucks themselves and trade em in every 3 - 4 years.
Now I won't say every company is that way. I don't know every company details. There are some actual legitimate deals. But those are usually trucks that have already been leased out. And they'll usually have 500 - 600k miles on them. And they'll usually require experience. One company does that. It's an actual purchase contract but your payments are variable. Not fixed. And if you're lucky enough to make it to the end. You haven't starved yourself or gone bankrupt. It's time for a inframe. I wouldn't recommend that program unless you have absolutely ZERO finances or priorities. Cuz you won't make much to put in to your bank.
Ironpony worked for Prime and he leased. Did 2 trucks. He hasn't posted in years so no idea what he's doing these days. Or how it all worked out.
There was a married couple who leased a brand new truck from Central. They got their own financing arranged at the end of the lease but went through a lot of red tape to get the title. No one had it and when they did. They didn't want to turn it over as the title wasn't setup for purchase. It was setup for lease and trade. -
I bought 2 of their MCP200 units for $60, got sideways with their douche security guy,
Almost got invited into their basketball game,
Considered bathing in their water feature.
True story. It was a mix of scenes from ‘The Wall”, and Pulp Fiction, with a smattering of Teletubbies thrown in.
I escaped unscathed, yet still have odd flashbacks.ridgerunner77, D.Tibbitt and Dave_in_AZ Thank this. -
Chinatown Thanks this.
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Dave_in_AZ Thanks this.
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The only way you can make money with a prime lease is to be a trainer.
Whatever you do work for a company for a year or two before you lease. -
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Driver Eight and roadtech Thank this.
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Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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