In short, TEL’s fleet program is tailored to maximize the CASH FLOW through managing your third biggest expense as a Fleet Owner – equipment cost. Through a consultative approach, Fleet experts will break down your fleet’s utilization, maintenance practices, specs, and finance options. This is to increase your cash flow and the overall profitability of your trucking company.
To start, TEL’s Fleet Leasing program offers a consultative approach to inform you, the fleet owner, on the latest industry knowledge. Specifically, this includes info about maintenance, specs, warranty, and emission. This information is available through your sales rep and support staff to keep you up to date on what your warranty covers. As an additional benefit, TEL’s breakdown service is here for you 24/7, and we can handle any maintenance questions or breakdown concerns. So, ask your sales rep how to access this service today.
A minimum of 3 years in business and 10 trucks under your authority is all you need to get started with the credit process. Once you complete the application online, your sales representative can take you through the remainder of the credit process and give you a plan to reach your goals.
TEL has existing Lease Support available to help with all inquiries regarding your lease.
Monday – Friday 8:00am – 5:00pm (EST)
Phone: (423) 214-3913
Our program works with several OEM’s including Freightliner, Peterbilt and Volvo. During your discovery call with TEL, a member of our team will communicate the availability of trucks you can choose from.
TEL gives you the opportunity to own your truck and run your business. However, not many people are able to place such a hefty down payment and start running their own business with no prior experience. For that reason, TEL offers you a brand-new truck that you lease. Throughout the lease process, you will receive valuable insights into what it’s like to own your own business and operate your own truck. At the end of the lease, you have the option to buy your truck.
There is an initial payment that covers the required security deposit or advance payment for your lease structure.
At the end of your lease, you may return your truck according to the lease terms, return your truck and upgrade to a New truck, or buy your truck through exercising the Purchase Option in your lease by purchasing with cash, financing through TEL or financing from an outside source.
First, determine what you want from your truck. Do you need a Sleeper or a Day Cab? What engine makes the most sense for your length of hauls? And how much horsepower do you need? What will your fuel economy be? Do you prefer an automatic or a manual transmission? Do your research and narrow down what you are in search of to a few options. Lastly, decide on a budget. Will you need financing? Our customer-centric, in-house financing provides assurance that all your needs are met with the best rates available. Thus, doing your homework up front will always pay larger dividends.
When purchasing new equipment, you might consider leasing from TEL. Or you may want to buy directly from the manufacturer. On the other hand, when purchasing used equipment, it is vital that you be an informed buyer. So, start by asking what is covered under any remaining warranty and for how long. At TEL, we thoroughly inspect all our trucks through an outside 3rd party. We do this to ensure every detail is covered and captured. Then we put our trucks through a rigorous best-in-class reconditioning process. This process is to provide our buyers with exceptional, dependable, road-ready trucks.
TEL’s Maintenance department provides 24/7 support to guide you through the repair process. Our national network of service providers enables you to pay less for parts and labor than you can achieve on your own. In addition to improving the time it takes for repairs to be made, you can leverage TEL’s buying power.
DOT requirements are that steer tires be no lower than 4/32 and drive tires be no lower than 2/32. If your tires are above DOT requirements, you are compliant. That said, here at TEL we have found that steers typically last about 150K miles and drives 350K miles. Tire life will vary depending on several factors, including:
The PM interval varies by whichever engine your truck has. The PM intervals are found on the Truck Maintenance section of our website. Select your brand of truck and look for your truck’s engine to find that information.
A TEL Lessee with an escrow account can submit an out-of-pocket invoice to Breakdowns@TELeasing.com. Maintenance will review the invoice and check over verification requirements (VIN, Name, truck number, vendor, copy of a paid transaction receipt, etc). Once all requirements have been met, maintenance will submit a check request from the operator’s escrow account. This check will be mailed to the operator’s address on file with TEL.
Maintenance escrow funds may be used for all necessary truck repairs not covered under warranty, or for OEM recommended maintenance.
Depending on your truck’s manufacturer, TEL Breakdown has the ability to read your Check Engine Light codes and send software updates. Please call TEL’s Breakdown department at 423-214-3911 so that we can check the telematics of your unit.
If your truck has the outline of an engine icon (with or without the words “Check Engine”), you can contact TEL Breakdown and we can remotely access your truck to read the codes. If your truck gets a red “Stop Engine” light icon, find the closest safe haven, turn off the truck, and contact TEL Maintenance immediately. 423-214-3911.
You can adjust the foot and cruise speed of your truck, as long as that speed does not surpass the speed rating of the tires and the approved speed limits of your partner carrier. Some manufacturers can remotely re-program your speed, others you will need to go to an OEM dealership. Adjustments from factory settings are not an approved escrow account expense. The operator will need to pay out-of-pocket to the dealership at time of re-programming.
TEL has some of the lowest lease payments structures in the marketplace. Our payments designed to be highly sustainable an promote our customer’s success as they are based on how the truck is to be operated. We encourage you to reach out to our sales team to receive the best information for your particular needs.
TEL’s Carrier dedicated Lease Purchase Program requires a small security deposit of $1,500 for Solo Operators and $2,500 for Team Operators. All other full owner operator upfront payment requirements are based on the full scope of the transaction and the applicant’s financial strength. Contact us for more information.
Becoming an owner-operator is starting your own business. At TEL, we try to make the process as easy as possible. Through TEL’s Lease Purchase program, the costs to begin your business are significantly minimized. For more information, contact us at email@example.com or call 423-214-3915.
Contact TEL at firstname.lastname@example.org or call 423-214-3915, and we will be more than happy to walk you through the process of becoming an owner-operator.