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