Company buy out lease?

It won't happen. Taking the responsibility of an unknown used truck is too big a risk. You will have to ask your current company what they want for a buyout and go find the money.
So, in the conversation about your contract being terminated what was said about the truck?
How did they end up holding the title?
Was this a lease truck from the company or your truck that you handed over the title as collateral for the cash to rebuild your engine.?
We need more info.
They have you by the testes, title means ownership, they could tell you to unpack the truck and walk.

 

OK. There must have been a beginning balance and a payment plan set up to pay it off.
How much do you owe? Have you missed payments? Are you paying them?
If you are in good standing, paid all the payments on time then you must know the balance you owe, right?
If you are not in good standing, you will lose your truck. You might find another O/O that will help you if the truck is worth a lot more than you owe and is willing to hold the title as you drive.

 

Can you just get a loan from the bank and lease on with whomever ya want?

 

Whats the truck worth? realistically, not BS numbers.
Whats your relationship with the company that holds the title?

 

And this is why people fail....
Own a business and don't have the credit for a 17k load, using the truck as collateral? Well, get rid of the truck, get a company job and get your credit in order and try again when you have a reserve.....

 

He said realistic worth.. If you can't get a loan for 17k with the truck as collateral, that it's not worth even 17k....