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Owner Operator Leasing

We provide commercial truck lease and finance options for owner operators through two programs. Whether you are just starting your career as an operator or you are a seasoned owner operator and looking for a new truck upgrade, TEL has solutions for you.

TEL's Operator Leasing Programs

We provide two leasing programs for owner operators; one for experienced owner operators and the other that helps company drivers become owner operators.

Independent Owner Operator Program

The TEL Independent Owner Operator program is tailored for tenured operators and has multiple options for both team and solo driver situations with shorter 24 or 33 month lease terms. As an independent owner operator we know that the quality of your truck can make or break your business. At TEL, we offer only newer equipment and at a much lower initial investment than a traditional dealership. Our new trucks come with factory warranty, direct maintenance support, and discounts on both maintenance and parts. We help you save money on the front end of your lease, during your lease, and give you multiple financing options after your lease.  At TEL, we specialize in helping you grow your business.

Independent Owner Operator Program Benefits:

  • Tailored Program for Tenured Owner Operators
  • New Equipment
  • Operate for Any Carrier Within the Continental U.S.
  • Discounts for Military Veterans
  • 24/7/365 Maintenance Assistance Included
  • National Parts & Maintenance Discounts Included
  • Power to Operate Under Your Own Authority*

*(Additional Qualifications Required)

Lease Purchase Program

The TEL Lease Purchase program is designed for newer Class-A CDL drivers who are looking to transition from a company driver to an independent owner-operator. Whether you are a solo or team driver for a for-hire carrier or a private fleet, we offer solutions to propel your entrepreneurial career and get you into a new truck. The TEL lease purchase program also provides specialized business advising giving you the support you need to start out right. We have a vast partner network of for-hire carriers to align you with based on your domicile and preference. With TEL’s Lease Purchase program you get a new truck, the freedom of your own business, and the dedicated partnership of a larger carrier.  At TEL, your success is our goal.

Lease Purchase Program Benefits

  • Freedom to Choose Your Carrier within TEL’s Network
  • New Equipment
  • Customizable Lease Solutions to Fit Your Business Needs & Running Pattern
  • Discounts for Military Veterans
  • 24/7/365 Maintenance Assistance Included
  • National Parts & Maintenance Discounts Included
  • Specialized Business Advising for New Operators

Owner Operator Program Details

TEL offers flexible financing options including solutions for leasing and purchasing of class-8 commercial trucks. All leasing programs come with 24/7/365 maintenance assistance and national parts and maintenance discounts included at no extra cost.  These three simple options provide a path to ownership so you can keep growing your profits. 

Fair Market Value Lease (FMV)

Independent Owner Operator Program

3 Year Minimum CDL Required

Operate for Any Carrier Within the Continental U.S.

Reasonable Security Deposit

Sustainable Weekly Truck Payments

Credit Reviewed by People who Understand Trucking

Lease Purchase Program

1 Year Minimum CDL Required

Operate Under Selected Carrier Authority

Small Security Deposit

Minimal Upfront Investment

Minimal Credit Review

TEL's Direct Finance Lease (DFL)

Our In-House Post-FMV Financing Option that Continues Your Path to Ownership.  The TEL Direct Finance Lease is a great way to keep your same equipment after your initial lease.

Independent Owner Operator Program

Maintain Freedom to Operate for Any Carrier Within U.S.

Lease Purchase Program

Keep Operating Under Your Selected Carrier

3rd Party Financing (3PF)

Lease Purchase & Independent Owner Operator Programs

TEL provides another option for both Lease Purchaes and Independant Owner Operators to help you finance your truck. We work with 3rd party lenders to help you finance your truck after completion of your FMV lease. This financing works just like a truck loan allowing you to either continue your operating pattern, switch carriers, or set out on your own to operate under your own authority.

TEL Gives You Options with Operating Categories

We serve multiple operating categories, so whether you are a solo driver or running a team TEL has you covered: 

Solo owner operator proudly standing in front of truck

Solo

Our standard solo lease option for owner operators

Super Solo

Our lease program for operators that need to drive more miles

Owner Operator Team proudly standing in front of TEL truck

Team

Our standard lease for team owner operators

Super Team

Special design lease for team operators that need to drive more miles.

Our New Trucks

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.

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