Curious about paid off truck and leasing on.

Discussion in 'Ask An Owner Operator' started by Lazer, Jun 16, 2025.

  1. Lonesome

    Lonesome Mr. Sarcasm

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    Mayflower moving.
     
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  3. wis bang

    wis bang Road Train Member

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    Krajack used to pay for the paint and they had 6 months to apply it, but that ended in the 70's..

    Never heard of a 'paid off' restriction; only one insurance company that refused to insure anything over 20 yrs. old.

    Wasn't unusual for companies to run good credit checks on their leased owner operators.
     
  4. Rideandrepair

    Rideandrepair Road Train Member

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    Seems I recall Prime making O/Os buy (or lease) a new Truck from their Dealership every 2-3 yrs. The ads with them handing over a gigantic check as an annual bonus comes to mind. Basically an escrow account designated as an annual bonus. Work constantly for peanuts, but get a huge bonus. Like a forced savings account. I guess that works for certain people.
     
  5. Jabuol

    Jabuol Light Load Member

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    Emerald Triangle
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    Mitchell Brothers, West Coast, Parker...all of whom are now out of business.
     
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