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Showing posts from October, 2026

Lease-Purchase Trucking Programs: How They Work & What Can Go Wrong

"Lease-purchase agreements are nothing more than inequitable financial scams that push individuals who desire a career in trucking out of the industry." — Owner-Operator Independent Drivers Association (OOIDA) That's a strong line from the industry's largest small-business trucker advocacy group, and it's not an outlier opinion. A federally chartered task force spent two years studying these programs and reached a conclusion most carriers don't put in their recruiting ads: lease-purchase programs fail at a staggering rate. That doesn't mean every program is a trap, but it means you need to read this before you sign anything. This guide covers how lease purchase trucking programs actually work, what "walkaway" and "zero down" really mean in the fine print, what the typical terms look like, where the hidden costs hide, and what happens if you need to quit before the lease ends. What Is a Lease-Purchase Trucking Program? ...