Surprised at Prime Lease Purchase

Current Prime lease op here. When I asked leasing about taking my lease truck to another company, they said that it's allowed with a catch. Success Leasing (prime) requires that the new carrier that you're leasing onto agree to pay the truck payment on your behalf as a settlement deduction. From what other drivers tell me, Landstar, Mercer, and Schneider will NOT sign on for that. One guy said he managed to get Greatwide to take the deal, but I can't confirm that.

 

I know a guy at greatwide who has a prime lease truck. Met him once or twice. Nice powder blue cascadia.

 

A big one. Like $70K.

 

Bigger than $4000 month?? But there's a fuel bonus right?
lmfao

 

Our FSC is typically in the low $0.30 mile, but the agents can bump it up, and a lot of the stuff my trucks pull is in the $0.40 mile or better range.

I don't think I've ever pulled a load for under $0.28 mile FSC.

 

Dude! There is no balloon in the lease purchase. After 3 years you have a truck that’s only 3 years old and no more payments. That’s when you really start banking money.

 

$4000 per month is standard on a 36 month note on a brand new truck. Do the math.

 

You're forgetting the $70K buy out there chief.

 

Dude! You're also not including the $500 month APU payment.

 

Dude! I’m not sure what’s wrong with you. But you seem to have difficulty understanding simple things. There is no buyout. I’m sitting in my truck right now. I have read my contract at least a dozen times. There is no buyout. Once I make my last payment they give me the title. With my $14k down payment and all of my weekly payments I will pay $158k for my brand new Pete. This is lower than what the finance company quoted me with their interest rate. I understand you want to disparage the deal because you are probably too afraid to go through with it. But you are doing a disservice to others by intentionally spreading false BS. Please just go away if you’re not going to acknowledge simple facts.