So, the most common lease purchase contract are being formed for a term between two and four years.
Moreover, truck drivers should be as well informed about the fact that the residual value of a leased vehicle is being determined at the very beginning, when one is signing the lease purchase contract.
Yet, although truck drivers find this type of contracts highly attractive, still, they should gather as much information as they can in order to take their advantage when signing a contract with a lease purchase trucking company.
Types Of Lease
The lease purchase program comes in few types.
When one is signing a lease purchase contract with a lease purchase trucking company he/she will have the choice between a capital lease and an operating lease.
The capital lease is the type of lease that includes the liability as well as the asset for the lessee.
