- September 27, 2017We continue our series about how more and more contractors are moving away from Lease Purchase agreements and into a Much Better Alternative (jMBA) to truck finance with Expediter Services Path to Ownership (PTO). The low barrier to entry with little to no down payment, no credit requirements and minimum start up costs make Lease Purchases an attractive proposition for the would be owner. But as you’ll see in our latest contractor story, Lease Purchase agreements can be fraught with risks for the Leasee as they are most definitely set up to benefit the Leasor.
- September 18, 2017For Drivers looking to become Owners, the Lease Purchase agreement has been a staple of the trucking industry for over a decade. Although these agreements are often risky and fraught with the potential of abuse for the Driver, the low barrier to entry with little to no down payment, no credit requirements and minimum start up costs make these offers attractive to many potential owners. Even though lease purchases have been easy to get into, the structuring of these agreements are stacked against the leasee.
- September 11, 2017For over a decade, the trucking industry has institutionalized the lease purchase agreement for drivers looking to become owners. In many respects, the lease purchase was just about the only option truckers could qualify for due to the demanding requirements stipulated by lenders.
- August 31, 20172017 is shaping up to be a good year for freight. According to recent Morgan Stanley Dry Van Truckload Freight Index, freight has been plotting upward since the beginning of March, pointing to the second highest freight volume in the last ten years, with the exception of 2014 — and the trend is showing no signs of slowing down in the near future.
- August 9, 2017With freight trending upward since the beginning of 2017 (with strong signs it will continue into next year and beyond), there is a renewed interest in Contractors looking into the opportunity of becoming Owners in order to capitalize on this favorable freight environment.