FMCSA Task Force says truck lease-purchase programs should be banned

Discussion in 'Trucking Industry Regulations' started by Numb, Jan 23, 2025.

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  2. trucknguy

    trucknguy Medium Load Member

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    I think anyone with more than about a years experience realizes this is mostly a racket. I’ve heard of 3 plans that a guy could actually complete. Most guys aren’t disciplined enough even at those 3. Shout out to runningman at FCC.
     
  3. TheLoadOut

    TheLoadOut Road Train Member

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  4. Ridgeline

    Ridgeline Road Train Member

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    They need to stay out of it, we don't need more government, just less.
     
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  5. Studebaker Hawk

    Studebaker Hawk Road Train Member

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    Do I understand this correctly?
    The Federal Motor Carrier SAFETY Administration wants to dictate the voluntary legal contractual terms between a business and an adult over the age of 21.

    The next logical step for them is to call for the outlaw of all owner-operator lease agreements because their "task force" have deemed them substandard.

    Exactly how does this affect safety?
    If the FMCSA wanted to affect safety in this area of the industry, they should audit those companies engaged in the practice.
    If they are not meeting the regulatory standards, then take appropriate punitive action.

    This is the remnants of the swamp left over from previous administrations.
     
    W923, Bean Jr., Long FLD and 1 other person Thank this.
  6. wis bang

    wis bang Road Train Member

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    Remember that Washington, DC WAS built on a swamp!

    Try as he may [hopefully hard and successful] he will never be able to pump ALL the swamp water from the DC bilge.

    The swamp water been filling things down there for close to 250 years!
     
    W923 and Bean Jr. Thank this.
  7. trucknguy

    trucknguy Medium Load Member

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    I believe it is unsafe to allow a driver with only months of experience to be taken advantage of and worked like a dog because they are new to the business and will rush more than most and make unsafe decisions. Driving is a privilege not a right and some areas need MORE oversight and some LESS. IMHO
     
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  8. BookerGee

    BookerGee Bobtail Member

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    They should not get into but its a bad idea to lease a truck from the company you work for.
    Try going to your bank instead reason being when something gose wrong with you and the company for what every reason you still have the truck and maybe lease onto another company.
    Cause when you lease purchase through the company direct theres a great chance you will never own said truck
     
    Bean Jr., Short Fuse EOD and Long FLD Thank this.
  9. Long FLD

    Long FLD Road Train Member

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    I’ve asked this numerous times in another thread here and nobody has given an answer.

    Where should the line be drawn when it comes to protecting people from their own choices?

    I’m not pro-lease/purchase. I simply think people are responsible for their choices. Payday loans are predatory and legal with the exception of a few states. People get into credit card debt at 25% interest or more. A disproportionate number of lotto tickets are sold in poorer neighborhoods compared to wealthier neighborhoods. People lose their life savings in casinos.

    So where should the line be if lease purchase plans go away?
     
  10. Antinomian

    Antinomian Road Train Member

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    I agree that people should be responsible for the consequences of their own choices.
    Raising the cost of putting a driver in the seat would put some upward pressure on freight rates though.
     
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