I like the $70 APU charge refunded back! The APU only worked for 1 week. I drive for Prime on a Refer for 1 year 6 months now, and my lease ends on February 8, 2023, with a bonus of $7-$10K paid in 10 days after detail shop inspects truck in full. Abacus tax service told me I made $308,000 for 2022 and I need to pay the IRS $23,000 but they are going to get all my expense report from me along with my Prime settlement.
Thanks again for the info. Can you explain or do a video on what cost a lease operator is expected to cover as far as maintenance and any other non fixed cost. Such as tires, brakes, PM's, etc. As I understand it the trucks they lease are all under manufacturer warranty so if anything major breaks it's covered?
Appreciate the time you took out to make this video im in the process of getting my cdl and going to prime im really wanting to do lease is the 993 for a new truck and is it worth it in your opinion
My truck was pretty much new, only had 13k miles on it. IMO i believe it is.. With leasing your not forced dispatch, you can take days whenever needed no questions.. You can get a new truck for $990, some trucks with more miles = lower payment. You have the potential to make a lot more 💰 leasing. Hope this helps 👍💯
Great info. Thank you. Can you tell us what a tanker lease driver averages per week in gross revenue and also what your fuel cost averages per week. Thanks.
@@truckingwithrex when you figure in all your other expenses you are making a little more than a company driver. When you factor in what it actually costs to run a truck this is not that great. Get a good year under your belt then buy a truck and lease to landstar. You are a good motivated driver that would do really well there.
I'm just (Leasing) due to shortage of trucks Prime Inc has suspended lease purchase until further notice. I average 2k-3k per week after expenses (Net Amount).
Any and all of which are deductable, assuming you make sufficent funds by actaually putting in the time and effort driving. Serious driver's realize that they don't have the ability to go home every night, once a week for a couple of days and or even once a month taking a week somewhere off just to get away from it. If and when on is or consider's them selves to be in bussiness, it's a 24/7/365 day job. Any thing less can be consider and often is by the IRS to be a hobby. Which then makes any and all of those various fee's, fuel, dining at resturants etc. No longer deductable. Which lead's to one simply creating a job for themselves rather than be employed by someone else.
Rex I would be very thankful if you could comment on just how bad parking has become nationwide? I am hearing that shutting down and safely sleeping is very very difficult, thoughts? Is it true IYO or is it overhyped and not as bad as people say? Thank you
Parking in general is tight after 7-8pm some areas like Chicago you'll need to shut down by 4pm. IMO its not a problem for me being on the Tanker side i park at tank washes, shippers, receivers and rest areas frequently. 3X I've ran past my 11hr clock trying to find parking after 11pm finally did 2+ hrs later at mom and pop truck stops. I work around the problem or at least try to by checking with shippers and receivers for overnight parking and shower in the am when truck stop lots are empty
Just lease, waiting for them to reopen lease purchase. You can pay your truck off in 3yrs doing lease purchase and you basically give yourself a 60K a year pay raise! 1 guy i know who paid his truck off on the tanker side made 150K after all expenses last year! (His truck is paid off)
? What is the average $ per mile your cut to the truck. The reason I ask is from Prime they said it was about 1700-1900 mi per week for solo tanker driver. I can't see how company drivers make much more than $900.00 a week. As a lease op I would think $2.25 a mile would be needed.
Currently YTD I'm averaging $2100 bring home after all expenses. This includes truck payment, prime's fee's, fuel and truck repairs etc.. i still have to pay taxes. I'm a lease operator and average about 2300 some weeks i hit 3200 miles just depends. Lease operators get all the miles compared to company drivers just fyi.
Excellent video...!! Honestly, i still dont understand why drivers do lease programs...(Respectfully)! Maybe im so closed minded and ole fashioned to where i believe do things the old way works best..
I've talked to many company drivers none of them make 1k + a week. I completely understand what you mean i was closed minded at first but glad i went lease over company driver. I consistently put 2-3K in my pocket every week. I do have to pay taxes on that $ but it's still a lot more than $1,000 bucks a week. Thanks for checking out my vid!
@@truckingwithrex wow really...!! Im a company driver and i definitely debunk that.. Send me your email addy and i can show you proof... Thanks for the reply. Ill send you my pay stub as company driver on Thursday...
@@franklinbrandon5283 I believe you! I should have been more specific. I'm on the inedible tanker side. Company drivers on the tanker side average 1700-2200 miles per week at least the 10 or so i know.
trucker rex, i may ask.. is it a requirement in prime to have first secure an llc or a registered business before you can proceed with the lease arrangment with them?
@@truckingwithrex thanks sir! keep sharing your trucking life. you have a very substantive content with the tanker line lease operator. i think you are the first on it in prime..
Thank you bro,for all this information Am Tunisia people My ask..i can have contract with your company? I will wait your answer Thank you so much. Have a good day
@@ElitePropertyCare deadhead miles are included in your load (so yes your paid)... I'm not paid to bobtail, i only bobtail when I'm getting back on the road (about 1 hr).. Hope this helps ya!! 👍💯
Are they still training with manual trucks? I can’t find any information Let me know. I’m going to prime on April I’m studying to get my learners permit while working. I’ll put you down as a referral.
Depends on what you want. If you are completely brand new to trucking maybe go company 6 months then try lease? 🤔 I went straight to leasing after getting my CDL hope this helps 👍
Prime gets huge discounts on fuel, your prime id badge is also your fuel card. You swipe and fuel cost are deducted weekly from your settlements. Oil changes- you go wherever you want (loves, TA etc) and prime will deduct cost from your settlements. Nothing out of pocket right away 👍🤙💯
I wouldn’t trust the “CPA’s” at prime …. They will always look out for the company over you. Just think about it why not get a tax professional that isn’t biased with what is or isn’t a tax deduction or just simply does your taxes to the complete max
what do your worst weeks in trucking look like? were you ever running so few loads to where you wernt sure if you were going to make it through the month? im currently single, no kids, currently a dock hand for a mega carrier. thinking of getting my CDL and hitting prime lease cause you make it seem like it can be worth it if you put in the work.
My worst week I went negative $1050 because I ran 1 day and returned my old truck in and got a brand new one, so prime charged me some repair fees and maintenance fees on returning the old truck. My best week was a little over $5700 in my pocket for 1 week. Usually a bad week for me is anything under $1800 if I’m running my truck all week. I hope this helps ya!
@@artaya6712 any company that’s not a mega. Find small to medium sized. Way better pay and benefits. Don’t be fooled by these megas. They’re just another crappy corporation.
