Are These Lease-Purchase Programs Actually Just Disguised Debt Traps?

Rollinaround · Jun 7, 2025

NorthEastTrucker said: ↑

Lease Purchase programs are designed for those who haven't a strong financial backing and/or good credit. People just need to ask themselves 'Why wouldn't the just buy, finance or lease through a financial institution initially '?

I would want to think those who become Owner operators do it for more freedom and control of their work. However, 'Lease Purchase' only puts the expenses on the Owner Operators while the company leasing to the O/o
allows dispatchers, safety etc. To control what and where that truck goes when generating money. Once you upset a dispatcher, the debt trail begins and they eithergive you a weak paying lane or simply tell you "its slow when thing pickup they will call you", but the payments don't stop in the meantime.!!

Some say a Lease Purchase are for those who are to ignorant to see that they are glorified cdl drivers with a overhead expense. When realizing that the trucking business has a lot of deceptive concepts with many being implemented at the same time equivalenting to business it self. Then those same ones can avoid the obstacles inhibiting them from the right angles of succeeding especially in a time that has tariffs which already
exacerbated the magnitude of capacity.
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Rollinaround · Jun 7, 2025

Agree with that assessment. It's crazy how many wanna rush into things

Anonymousproxy · Jun 17, 2025

Lease purchase is an absolute rip off and should be outlawed. I don’t care how many people defend it.

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