As an owner operator your business is your livelihood. TEL was founded by an owner-operator, Doug Carmichael, 20 years ago, so you can bet that our chief goal is to make sure you have the support and resources you need to run your trucking business. At TEL we prioritize getting you the equipment and support you need to be successful.
TEL offers flexible financing options including solutions for leasing and purchasing equipment. These three simple options provide a direct path to ownership so you can keep growing your profits.
We serve multiple operating categories, so whether you are a solo driver or running a team TEL has you covered:
Our standard solo lease option for owner operators
Our lease program for operators that need to drive more miles
Our standard lease for team owner operators
Special design lease for team operators that need to drive more miles.
TEL offers only the best new equipment for Owner Operators to help ensure maximum revenue for your business. New equipment with a full factory warranty keeps your maintenance expenses low and gives you the best fuel economy and the latest safety features.
We offer a $750 discount on the security deposit for U.S. Military Veterans when they sign a lease with TEL. From our founding 20 years ago by Doug Carmichael, a U.S. Army Veteran, through today we are a proud employer of military veterans. We also felt compelled to show our appreciation for our U.S. Military Veteran customers for their sacrifices and dedication to our freedom.
At TEL, we are an equal opportunity lender and we respect cultural and faith-based traditions. TEL is proud to offer sharia-compliant interest free financing.
Here is a checklist of a few ways we can help you, as an owner operator, to kick start your success in transportation.
Finding a trusted financial partner that can provide you both the commercial truck financing you need and the service level you expect will help you grow your transportation business. Whether you have one truck or ten trucks, TEL can provide you with unparalleled solutions for new equipment, and custom financing options all in one place. We don’t charge variable charges for mileage and brake wear, and we don’t employ CPI clauses in our contracts. We keep things simple and transparent because we want you to succeed.
How do you afford a new truck or even multiple new trucks when you are ready to level up and take your business to the next level?
TEL offers a much lower initial investment than trying to purchase a truck outright through a traditional dealership or using secondary 3rd party financing. By leasing your new truck through TEL, you can keep more of your cash, while getting access to new trucks. When you purchase a new truck, you use lots of valuable cash that your business needs as a cushion.
Our lease terms for independent owner operators here at TEL are short. With terms typically between 23 and 33-months, depending on how you wish to run, you get to avoid the full financial liability of the entire new truck cost. You also avoid the long-term liability of an owned truck that will accelerate depreciation and cost you more in maintenance the longer you run it.
We understand that trucks need to be replaced, and specifically within a certain trade cycle so you can stay profitable. Keeping your business running with new equipment is the answer to keeping your variable expenses down. Running older equipment costs you so much more in efficiency losses through fuel, but also in maintenance costs.
At TEL our core values are Equipment, Innovation, Support, and Success. We know that you have many choices when choosing an equipment partner, so we provide equipment maintenance support, business advisors, and a sales team that will do everything they can to help you maximize your profits when the time comes for equipment upgrades.
400 Birmingham Highway
Chattanooga, TN 37419
423.214.3910