Prime lease ripoff
Discussion in 'Report A BAD Trucking Company Here' started by otr48, Sep 3, 2012.
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oh snap, wait till the 3rd week he is really not gonna be happy
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why would any one want to make the truck payment as well as all maintinace costs for a company is beyond me.
Especally a truck thats governed at 59 miles an hour . Ya i drive a peterbuilt, but it only goes 59 mph and blocks. Yup really something to be happy with.
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I've talked to several Prime drivers both current and ex-drivers. It seems to me the common thread of why they get into trouble is that they do not have a firm grasp of the fact that it is a business and they have to watch every dollar. The drivers treat it like they are still driving a company truck. More training might make a difference.
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i make my lease purchase work but wasn't the best move i ever made and there are concessions to be made that most are not willing to do
sadly many lp ops shouldnt even be drivers and then it is the companies fault they failedlonelyswmtrucker, snowman01 and NWMAXI Thank this. -
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Maintenance at Prime is mostly done under the manufacturer's warranty - for example, I had a turbo replaced at a total cost of $130 to me. I was only charged for shop consumables. Most of my expenses are for consumables - tires, windshield wipers, PMs. Necessary and ordinary business costs. All tax deductible. And then there's the big one... my salary. You have to pay yourself. One of the huge mistakes most people make is mistaking your settlement check for a paycheck. It's not. The settlement check is cash flow into your business, and one of your costs is your pay. Just like any business.
In order to make one of these deals work, you have to be "inside the numbers." In otherwords, you need to keep your own books, and generate your own business reports to see where you money is going, what's left over, where you can improve. Now whether it's a good deal or a bad deal is up to you to determine. You need to do the due diligence in order to see if the anticipated revenue stream is real and enough to support your costs, and provide for a profit. You also need to READ the friggin' contract before you sign it.
NWMAXI Thanks this. -
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Nice! Best part of the week is when I pay myself!!
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You clear a grand a week?
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