TEL develops Lease Purchase programs utilizing our three-party win philosophy. This philosophy enables Carriers to reduce fixed costs and grow and retain capacity, along with enabling Owner-operators to afford reliable New and/or Late Model 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.
Lower CapEx for new trucks
Lower interest costs
Easy access to update fleet
Proven low annual turnover rates (20% - 46%)
All “Non-Operational” lease administration handled by TEL
No truck maintenance or liquidation administration required
Third-party arms-length financial transaction
Carrier makes payments to TEL from operator's settlement
Operator maintenance escrow required
24/7/365 Breakdown Service
World class suite of Operator services