Transport Topics

Task Force Critical of Truck Lease-Purchase Deals

[Stay on top of transportation news: Get TTNews in your inbox.] A federal truck leasing task force commissioned to study the prevalence of predatory practices in truck lease-purchase agreements ...
Overdrive

There's plenty to consider before entering a lease-purchase agreement with a motor carrier

Motor carriers/affiliates' lease-purchase plans and programs have traditionally been somewhat well-used paths to truck ownership, particularly among operators with otherwise shaky credit, but the ...
Fleet Owner

FMCSA looks at fairness of lease-purchase agreements

FMCSA's Truck Leasing Task Force discussed the fairness of—and possible solutions to—lease-purchase agreements between carriers and drivers. This was the fourth meeting of the Truck Leasing Task Force ...
Fleet Owner

FMCSA task force finds carrier lease-purchase agreements weaken trucking industry

Carrier lease-purchase agreements are “irredeemable tools of fraud" that threaten supply chains, a federal task force on truck leasing warns Congress. An FMCSA task force is pushing Congress to ban ...
Overdrive

Carriers' lease-purchase programs 'meaningful' for at least half of lessee operators

Lease-purchasing a truck in a carrier's lease program or through another third-party company is fundamentally an uncommon avenue toward truck ownership, according to every Truck Purchase & Lease ...
Transport Topics

Task Force Continues to Examine Truck Purchase Agreements

After several months of meetings, members of a specially appointed Truck Leasing Task Force have concluded that many lease-purchase agreements aren’t written in a manner that gives owner-operators a ...