October 24, 2017
For years, the trucking industry has offered the Lease Purchase agreement to Contractors looking to become Owner Operators. As we’ve pointed out in previous Spotlight News articles, Lease Purchases offer a quasi-ownership proposition with high payments for what you are getting and little-to-no way to pay off a truck. These agreements are often fraught with risks for the Leasee as they are most definitely set up to benefit the Leasor.