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Message:: [QUOTE="Ridgeline, post: 8475272, member: 77050"]I really wish there wasn't this interchanging term used - LEASE The reality is this, there is a lease purchase and a lease to a carrier. A lease purchase is what happens when a driver or anyone for that matter goes to a company and gets into their purchasing program to get into a truck. There are a lot of reasons WHY they do it, there is an assumption among people here that it is ALWAYS because of poor credit or something like that AND there is an ASSUMPTION that most will fail because of what people have written about their FAILURES here. BUT the more common thing that happens in this industry is what is called a carrier lease. This is a legal agreement that is governed by the FMCSA to allow a carrier to add 'ad hoc' capacity to their fleet. IT done by any owner (doesn't have to be an operator) who does not have an authority to operate. I have 78% of my fleet leased to different carriers, I do this because I don't want to manage the back office operations, even though for the rest of the fleet I do now. The rest of the fleet is either dedicated work or contracted work - there is a little difference for my company so I keep them separate. ANY one running for companies like FedEx and Landstar are leased to the carrier.[/QUOTE]