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Hiring & employment

Lease purchase

A lease-purchase arrangement lets a driver lease a truck from a carrier or its leasing affiliate with payments deducted from settlements, aiming toward ownership. The driver operates as a contractor, bearing truck costs while working the carrier's freight.

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Why it matters when hiring drivers

Lease purchase attracts drivers who want ownership without upfront capital — and it is controversial, because badly structured programs leave drivers with high payments and little take-home. Fleets offering it should recruit with unusual clarity about terms, since the segment's reputation makes drivers rightly skeptical.