100 THINGS TO KNOW ABOUT GPS AND FLEET MANAGEMENT
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By leasing class 8 truck, a leased owner operator will enjoy less upfront cash and monthly lease payments which are usually less than the finance payments.
Conclusion
All in all, leasing a class 8 truck can bring numerous benefits to truck drivers.
First and foremost, leased owner operator is enjoying the benefit of increased flexibility and less commitment than owner operators who own their trucks. Yet, another benefit that leased owner operator is enjoying is the one that after the lease period has expired he can simply turn in the vehicle.
Simply, leased owner operators have a bigger freedom than owner operators who own their trucks. A leased owner operator if not interested anymore in continuing his operation with a leased truck, he can just sign an early termination fee. With that he will be assessed and the security deposit that he as a leased owner operator has given to the trucking company, will be forfeited.
I hope that this article will meet your way in joining the trucking industry as a leased owner operator. Yet, if you have any experience as a leased owner operator feel free to share it in the comment box.
