Lease-Purchase Program Administration

TEL develops Lease Purchase programs utilizing our three party win philosophy. This philosophy enables Carriers to grow and retain capacity along with enabling Owner-operators to afford reliable late model and/or new trucks. Our lease purchase programs have become cornerstones of recruiting and retention for our Carrier clients.

TEL continually purchases a variety of new and used trucks for our Lease Purchase programs enabling client Carrier's recruiters the ability to offer variety without capital investment, while benefiting from a third-party arms-length transaction between the owner-operator and TEL.

The basics of the program are as follows:

  • Third-party arms-length financial transaction
  • Carrier is credit qualified, not the operator
  • Carrier makes payments to TEL from operator's settlement
  • Operator maintenance escrow required
  • 24/7 Breakdown Service
  • Maintenance Advisor Program
  • Each program is customized to meet Carrier's operational needs

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