Okay, this is going to be convoluted but I need someone else's eyes on it.
Let's say I lease-purchase a truck from Ryder or Penske or whomever. I run my own authority and everything, that's all good and covered. Then, an O/O wants to lease onto me, but has super bad credit and can't get their own lease or buy their own truck. Can I lease him that truck, and have him lease onto me? Assuming the company I'm leasing from doesn't care that I'm re-leasing their truck.
I can't see why I wouldn't be allowed to, as long as I don't force him to be leased onto me or anything, but I've been trying to wrap my head around it too long and I don't want to accidentally break the law with the new task force running around.
edit: Okay let's pretend it's a lease-purchase from whomever will let me do so, I was just making up an example haha
Can I re-lease a truck I am leasing to an O/O?
Discussion in 'Ask An Owner Operator' started by leikay, Oct 21, 2023.
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If someone has “super bad credit” why not just hire them to drive a truck for you instead of sending them farther into the hole by leasing a truck from you that you’re leasing from someone else?
lynchy, TX2Day, HoneyBadger67 and 3 others Thank this. -
You can buy a truck, and put someone in it, and sale it to them and they run under your authority.
From say Freightliner/International.
But yes, Ryder/penske lease or buy.
Lease it’s their truck, will never be yours. -
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Siinman, wore out and skallagrime Thank this.
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Would be cheaper to adopt him and give him a weekly allowance.
lynchy, Rubber duck kw, Phoenix Heavy Haul and 11 others Thank this. -
Ribeye Thanks this.
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