Lease Purchase

Value Proposition

At TEL, we’re committed to providing you with quality, professional treatment, and state-of-the-art tractors from major manufacturers. In other words, we not only provide the equipment. But we also provide support and a professional staff to help you run your new small business! TEL does things differently. And that’s why more of our independent contractors succeed. Keep reading to learn more about our lease purchase program.

It is a big decision when considering a lease purchase program. And we’re thankful you’re trusting us with your commercial truck lease. Becoming an owner-operator is an exciting time in your career but also one that carries a lot of responsibility. Driving professionally is challenging, and as an owner-operator, you are your own boss, and you represent your own small business. In your lease, you will have the freedom to determine your success!

Just as your customers depend on you as an owner-operator, we know that as our customer, you depend on us. We will set you on the right path because we know that with a strong start early on, you’ll greatly increase your chances of long-term success.

You’re more likely to succeed with TEL than anywhere else:

Our Startup Program sets you off on the right foot by getting you started with everything you need to know to become a successful business owner and generate positive cashflow in the early weeks of your lease.
Our Advising Team is here to support and guide you. Whether you have questions about finances, loads, your carrier, or scheduling, our team is here to help and point you in the right direction!
Our Maintenance Coordinators counsel you to ensure your money is spent wisely by using our national buying power and service provider network, assisting you through warranty claims, and providing you with all the business tools you need to maintain your truck.

Leasing a Truck FOR YOUR BUSINESS

Getting into your truck is the first step in starting your own small business. However, making the right decisions up front can set your business up for success. There are quite a few factors that go into whether you should buy or lease your equipment; you can rest assured that TEL makes your success our priority.

Leasing vs Buying

When starting your new business, your first decision is the most important one. Whether you decide to buy or lease will depend on your business goals.

On one hand, leasing allows for a more affordable initial payment (security deposit) as well as weekly payments that are more helpful to growing your business. This leaves money in the bank for other important expenses, for example, insurance, repairs, fuel, etc. Another thing to consider is that most truck leases last for an average of four to five years while TEL leases allow the opportunity for shorter lease terms. When the lease term ends, most lease companies offer two options: buyout the truck or return it. At TEL, you will have both options at the end of your lease plus the option to upgrade to a new truck along with participating in any wholesale equity of your prior leased truck.

On the other hand, buying a truck is a major up-front investment. In general, it requires a much larger down payment along with all other expenses related to commercial trucks. For instance, these expenses include registration, insurance, maintenance, fuel, repairs, etc. Overall, if you want to buy a truck, make one list of what you need and a separate one of what you want.

Pros of Leasing a TEL Truck

More control When you lease a truck, you’re taking control of your own small business. This offers more long-term flexibility than being a company driver. So, if you are ready to start your journey to independence, leasing is your best option.
Lower cost Buying a truck is pricey. There is always a large down payment. But when you lease with TEL, we work with you on making your initial deposit by offering you options that fit your needs. As a result, you won’t have to spend as much time saving as if you were buying a truck. Plus, you can avoid loans that may be denied if you have challenged credit. Instead, you will get your truck quicker and business started sooner.
Enhanced maintenance service When you lease a truck from TEL, you’re getting the latest and greatest. As a result, you will have lower and fewer maintenance costs than if you purchased or leased a higher mileage used truck. Plus, TEL Maintenance is at your disposal 24/7 whenever you need them, have questions, or run into any problems. By using our breakdown service, TEL makes sure you do not overpay for repairs or services throughout the life of your lease. In fact, we’ll get you very competitive prices and quicker repair times by using our national buying power and partnerships across the nation.
Easy upgrade Leasing a truck allows you to have the best features and the latest technology in your commercial truck. When your lease is over, you have the choice to either buy the truck and own it outright, upgrade to a brand-new truck with enhanced safety measures and improved technologies or return your prior leased truck.

How to Lease a TEL Truck

Fill out your application
A representative will then let you know what our lease purchase programs look like and discuss which ones best fit your needs
A lease purchase account manager will review it and let you know if your application has been approved or denied
The chosen operating carrier will review your application and make sure you meet all their qualifications
Once a program is determined to fit your needs and you are accepted by the carrier, an equipment lease contract is drafted for your review
Orientation (and the lease signing) is scheduled with your operating carrier and the contract is reviewed; you will also get to see your new truck!
You’re ready to drive!

Why TEL?

Just as your customers depend on you as an owner-operator, we know that as our customer, you depend on us. Through our Startup Program, TEL will work closely with you in those first 8-12 weeks as an owner-operator to generate positive cashflow. Furthermore, we will set you on the right path because a strong start early on increases your chances of long-term success.

Since considering a lease purchase program is such a big decision, we’re thankful you’re considering us for your truck lease business. Becoming an owner-operator is an exciting time in your career, but it carries a lot of responsibility, and driving professionally is not an easy career. Still, as an owner-operator, you are your own boss, plus, you represent your own small business. In your lease, you will have the freedom to determine your own success!