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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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Good & Bad Trucking Companies
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Questions From New Drivers
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How do the owner/operator lease-truck-back-to-company programs work?
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<p>[QUOTE="Lepton1, post: 8474654, member: 101602"]One of the primary reasons why drivers sign up to lease a truck from the company that dispatches them is because they have poor credit. A typical lease arrangement like that costs about $1000 a week. It is a way for some drivers to repair or establish credit and get their foot in the door at the bottom rung of being an owner operator.</p><p><br /></p><p>If a driver has good credit, then leasing a truck from a company is a better option. You can then lease it on with ANY company that hires owner operators. If you don't like the situation at XYZ Trucking you can delease it and go to ABC Express. That isn't an option if you lease the truck from the company that dispatches you.</p><p><br /></p><p>Many owner operators do lease their truck from a leasing company. They like the idea of a warranty and in some leases they can get a replacement truck if their truck goes into the shop for an extended amount of time.</p><p><br /></p><p>Most owner operators buy their truck. This requires having a down payment and sufficient cash reserve for maintenance and repairs.[/QUOTE]</p><p><br /></p>
[QUOTE="Lepton1, post: 8474654, member: 101602"]One of the primary reasons why drivers sign up to lease a truck from the company that dispatches them is because they have poor credit. A typical lease arrangement like that costs about $1000 a week. It is a way for some drivers to repair or establish credit and get their foot in the door at the bottom rung of being an owner operator. If a driver has good credit, then leasing a truck from a company is a better option. You can then lease it on with ANY company that hires owner operators. If you don't like the situation at XYZ Trucking you can delease it and go to ABC Express. That isn't an option if you lease the truck from the company that dispatches you. Many owner operators do lease their truck from a leasing company. They like the idea of a warranty and in some leases they can get a replacement truck if their truck goes into the shop for an extended amount of time. Most owner operators buy their truck. This requires having a down payment and sufficient cash reserve for maintenance and repairs.[/QUOTE]
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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
Forums
>
Good & Bad Trucking Companies
>
Questions From New Drivers
>
How do the owner/operator lease-truck-back-to-company programs work?
>
Reply to Thread