Thoughts on TEL Truck Enterprise Leasing?

Last Time Around · Jun 28, 2018

TreadCarefully said: ↑

This is a constant communication and trust relationship type of business, if you work hard and let your driver manager know as soon as there's any issues Most of them will work with you.
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Not sure what you mean in regards to being an owner op or lease driver.....

markealy · Apr 18, 2019

Any updated info i see cfi is doing a lease on new trucks

highwayMike · Apr 23, 2019

UturnGirl said: ↑

I am looking at it too. Probably best to consider it a pure 4 year lease and plan to give it up at end of lease. I make enough money with JB to justify big weekly payment.
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Newrookmiami said: ↑

I’m no einstein and I’ve only been trucking for 7 months but why waiste your money like that especially with tel they only lease automatics they will get you with a balloon payment at the end if your playing for keeps def not the way to go especially after buying them 2 brand new trucks upon fulfilling your lease don’t do it
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Or better yet be patient and save money until you can put money down on a truck and have $15-$20k saved in a maintenance account.... I don’t see how people can take 3 steps forward and then 2.5 steps back.

Triplt-T · Apr 27, 2019

LeBubba said: ↑

I'm considering the JB Hunt LP program with TEL. Anyone done this? Big balloon payment at the end.
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I fell for this program my advice don't do it you are limited on mileage and JB could care less if you run enough to make a living or not TEL only cares about getting their money

LeBubba · Jun 2, 2019

Didn't do the JB/TEL lease. JB staff is just as disrespectful as they were when I was there previously. TEL approved me, but left an ugly "credit inquiry" stain on my credit report. I think the overall offer as it was then was a fair one. TEL at that time allowed you to take the truck to another approved carrier if JB didn't work out or turn the truck in (with costs)
thereby incentiveizing JB to maintain
a decent relationship with the leasee. Since that time they've added a load board. Of all the mega carriers, this seems to be one of the better programs. Still I think it's better to save money, build your credit and buy, not lease, a cheaper old pre def truck and sign on to an all owner operator company near where you reside.

UturnGirl · Jun 2, 2019

LeBubba said: ↑

Didn't do the JB/TEL lease. JB staff is just as disrespectful as they were when I was there previously. TEL approved me, but left an ugly "credit inquiry" stain on my credit report. I think the overall offer as it was then was a fair one. TEL at that time allowed you to take the truck to another approved carrier if JB didn't work out or turn the truck in (with costs)
thereby incentiveizing JB to maintain
a decent relationship with the leasee. Since that time they've added a load board. Of all the mega carriers, this seems to be one of the better programs. Still I think it's better to save money, build your credit and buy, not lease, a cheaper old pre def truck and sign on to an all owner operator company near where you reside.
Click to expand...

As regarding the load board, it seemed like a great idea but JB doesn't give JB contractors first dibs and limits how many loads their contractors can stack so the result is outside O/O snag up the best before JB contractors can get to them. After the contractors then choose, what's left nobody wants so they foist those on their company drivers.

jbuen · Jun 19, 2019

LeBubba said: ↑

Didn't do the JB/TEL lease. JB staff is just as disrespectful as they were when I was there previously. TEL approved me, but left an ugly "credit inquiry" stain on my credit report. I think the overall offer as it was then was a fair one. TEL at that time allowed you to take the truck to another approved carrier if JB didn't work out or turn the truck in (with costs)
thereby incentiveizing JB to maintain
a decent relationship with the leasee. Since that time they've added a load board. Of all the mega carriers, this seems to be one of the better programs. Still I think it's better to save money, build your credit and buy, not lease, a cheaper old pre def truck and sign on to an all owner operator company near where you reside.
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Hi LeBubba,

It seems like you are really familiar with TEL. I think i've seen some people refer to them at Trucking enterprise leasing, but I thought the name was Transportation Enterprise Leasing.
Anyway, I would be really happy to chat with you regarding your feedback on the company if you're a trucker.

I'm a researcher looking into the trucking industry, so i'm looking to speak with truckers that are currently leasing with TEL (Transportation Enterprise leasing) or 19th Capital / Quality.

Let me know if you know anyone that can help.

Kind Regards,
John

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