Transport Topics

Task Force to Examine Lease-Purchase Agreements

A provision tucked in the bipartisan infrastructure funding law calls for the formation of a truck leasing task force to examine the fairness of lease and lease-purchase agreements between motor ...
Fleet Owner

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

An FMCSA task force is pushing Congress to ban carriers’ lease-purchase agreements. The Federal Motor Carrier Safety Administration’s Truck Leasing Task Force submitted its final report to Congress, ...
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 ...
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 ...

Hire Purchase Agreements: Definition, How They Work, Pros and Cons

Hire purchase agreements allow buyers to purchase expensive goods that they need or want, but they don't own the goods until ...
The Gazette

Supervisor Brent Oleson anticipates lawsuit over lease-purchase agreement use

CEDAR RAPIDS - One Linn County supervisor said he's preparing for a possible legal fight over the board's approval of a lease-purchase agreement to build the county's future public health and youth ...