Have in mind that during this process no equity can be realized.
Thereupon, a leased owner operator is operating with a leased vehicle, which vehicle remains to be the property of the trucking company that is issuing the lease.
Both the owner operator and the trucking company have benefits from the operational process of the owner operator.
Every now and then, the lease of a commercial motor vehicle comes with some rules and regulations.
These rules and regulations might be assigned to the lease, while at the same time allowing less control on behalf of the leased owner operator.
So, the reason why many owner operators decide to switch to leased owner operators is because of the benefit that leasing can bring to truck drivers.
The benefit of leasing in general results into having increased flexibility and less commitment.
