No doubt Packy.... I'm in heaven at 5.3 and all the wind this week had me in the 4's. This was not a profitable week at all......
Prime's lease deal. The math gets done.
Discussion in 'Report A BAD Trucking Company Here' started by BigKid2, Jan 16, 2009.
Page 62 of 82
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But their business model won't work at 7mpg..... -
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Ah ok. You prime boys are making a political statement by running 53 mph and not because that lease payment is eating you alive.
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Also needs to be noted that on a Prime Lease payment, 100% of the payments made are a tax deduction whereas only your interest on a truck payment is deductible if you bought the truck yourself. Seek professional tax advice, but that is a basic fact that is always missed by the complainers.
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Any lease is 100% tax deductible.
If you buy a truck you can also write off the depreciation of the value of the vehicle, not just interest on the loan.not4hire Thanks this. -
I drove for Prime for 16 years. I left them three months ago to go to R.E. Garrison. Best thing i ever did. If you sign the new lease in that lease they take part of your fuel surcharge. And it really adds up. They tell you if you was a senior driver the grandfather you in on the old contract. Not true. They only do that on one lease renewal. But any renewals after that your forced on the new contract as i was.
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They're applying the revenue split to the difference between paid fuel surcharge over the weeks average. so 28% of a couple of cents... we discussed that here some time ago when the new contract language came out and agreed on an individual basis it wasn't anything to get your panties in a wad over. Although none of us appreciated it...
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HalpinUout and milskired Thank this.
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