FMCSA says scum bag companies have screwed over so many silly truckers that leases are now illegal.
with over 90% of leases ending before the driver owns the truck, it’s amazing these scum bags got away with it for as long as they did.
the question is now, how will these scum bags find new ways to screw over silly truckers.
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FMCSA says leases are bad mmmkay
Discussion in 'Lease Purchase Trucking Forum' started by Chi Town Steers, Jan 25, 2025.
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Change the language to “rent to own”
austinmike, tscottme and Chi Town Steers Thank this. -
Chi Town Steers Thanks this.
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They will form seperate financing companies to do the funding and servicing of the lease. Something similar to what Schneider Financial does, where you can take the truck anywhere you want if it is an approved company.
The FMCSA Truck Leasing Task Force report is just a recommendation, not law or regulation, yet, but it did leave open the possibility for third party leases. It only attacks leases where the motor carrier directly provides the truck and work while controlling the payments.
They will just start new companies to do the leasing service, make it look like you have a choice of where your truck works, and go right back to screwing over those that want the American Dream but can't afford to do it the right way.Albertaflatbed, Long FLD, idriveaholden and 1 other person Thank this. -
One thing is for certain they will find a way to screw over silly truck drivers.Albertaflatbed Thanks this. -
People are always going to find a way to be stupid.Albertaflatbed, Speedy356, kemosabi49 and 4 others Thank this. -
You do not want more limitations in this industry.Albertaflatbed and Chi Town Steers Thank this.
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