Lease-Purchase drivers are drivers hired by carriers where the truck is leased to the individual driver for a fixed or variable fee for a specific period of time with the intention of the driver assuming ownership of the truck. At the end of the lease term, the full original value of the truck is paid off and the driver assumes ownership of the truck.

More information about Lease-Purchase Drivers
Carriers frequently offer lease purchase options to drivers. Under a lease-purchase arrangement, the carrier likely owns the truck but enters into an agreement with the driver in which the truck is leased to the driver for a fixed or variable fee. The driver pays the leasing fee on a weekly or monthly basis, a portion of which goes to pay down the “principal” and a portion goes to an agreed upon interest rate. If the driver remains with the lease long enough, the full original value of the truck will be paid off, and the driver assumes ownership of the truck.

Lease-Purchase drivers often have experience driving for a carrier or company but are interested in taking a step toward greater independence and eventually taking outright ownership of their equipment. Lease-Purchase drivers have more control over work hours, jobs accepted, and routes driven than carrier or company drivers, but not as much control as Owner Operators.

A driver exploring lease-purchase arrangement should research various carriers or company-specific information. Lease-purchase drivers may not have the same up-front expenses of a driver like an owner operator who might have to pay a substantial down payment, if not purchase a truck outright, but a lease-purchase arrangement is not without costs.

The countless implications related to Lease-Purchase drivers’ knowledge of the industry, experience in reducing expenses, ability to handle small maintenance concerns, and just plain luck impact the annual earnings of Lease-Purchase drivers. These drivers are often paid more per mile than carrier or company drivers. The extra pay per mile is often planned to allow Lease-Purchase drivers the greatest chance to succeed and become owners of their equipment Lease-Purchase drivers pay for fuel and expenses including insurance, escrow for major maintenance, registrations, etc. While the gross 1099 payment may exceed that of a carrier driver, overall profit is likely similar to or even lower than a carrier-driver after expenses and taxes are deducted.

Another issue of note for those considering pursuing a Lease-Purchase arrangement is the cost of major mechanical repairs. While trucks come with warranties, they can expire quickly, and when they do, we all know what happens — major mechanical failure begin after the warranty expires.

Companies hiring Lease Purchase drivers include Western Express, Fort Transfer, Logix Transportation and Reliable Carriers, Inc.

Job search faqs

Jobs.TheTrucker.com is one of the leading sources of long haul truck driving job listings, and its primary objective is to connect professional truck drivers with jobs. Jobs.TheTrucker.com’s job search functionality is designed to be simple and easy to use, and allows truck drivers to search for jobs by state, by driver type, by hauling type and by carrier.

Once you apply for a job, we match your qualifications to the appropriate job listings and send your application to the trucking companies immediately.

Jobs.TheTrucker.com’s job search functionality is designed to be simple and easy to use, and allows job seekers to search for truck driver jobs by state, by driver type, by hauling type and by carrier. When searching for truck driving jobs, you may set the search criteria to be as specific or general as you want to find the job that is best for you.

Jobs.TheTrucker.com adds and updates job listings immediately as new truck driving job listings are received from carriers hiring truck drivers. So it is best to visit Jobs.TheTrucker.com regularly for updated job listings when in the market for a new truck driving job.

No! Drivers may access truck driver job listings, truck driving job resources as well as submit job applications on Jobs.TheTrucker.com free of charge using their phone, desktop or any other device.

Yes! We encourage you to apply for all jobs that you have an interest and that match your qualifications. Applying for multiple jobs increases your chances of finding the best job for you.

To apply for all jobs that meet your qualifications with one application, Click Here.

After you have submitted your application on Jobs.TheTrucker.com, you will receive an email confirmation that your application has been received.

If you do not receive this confirmation email, please check your spam or junk folder. If you determined you did not receive the email confirmation, please Contact Us.

Jobs.TheTrucker.com processes job applications immediately and automatically sends driver applications to the carrier once we confirm your qualifications meet the job requirements.

Carriers' response time may vary based on the urgency of their hiring needs, the number applications the carrier receives and the resources dedicated to processing applications. Applicants will increase their chances of being contacted by carriers by applying to all jobs that meet their qualifications.

To apply for all jobs that meet your qualifications, Click Here.

Carrier may or may not respond to all applications depending on their hiring policies, procedures and driver needs. And, it is possible that a carrier will not respond to applicants if their experience does not match the hiring requirements. Applicants will increase their chances of being contacted by carriers by applying to all jobs that meet their qualifications.

To apply for all jobs that meet your qualifications, Click Here.

Along with all truck driving job listings, Jobs.TheTrucker.com provides information about all carriers offering jobs in the carrier’s information page. Each carrier’s information page is accessible from the each individual job listing or from the Carrier List.

A commercial driver's license (CDL) is a driver's license required to operate large, heavy, or hazardous material vehicles in the US. The “class” of CDL a truck driver needs depends on the type of commercial motor vehicle operated. A truck driver may hold a CDL in one of three classes: Class A, Class B, and Class C.

For a detailed explanation of the different classes of CDLs, visit Truck Driving Job Resources.

Driver Type refers to the employment arrangement a driver operates. The most common truck driver arrangements include:

  • Company Driver: Drivers employed by a specific carrier with its own fleet of trucks. “Companies” can be carriers that contract to transport other individuals' or companies' freight, or companies that carry their own freight.
  • Lease-Purchase: Drivers hired by carriers where the truck is leased to the individual driver.
  • Owner Operator (OO): Drivers who own the truck and operate as an independent business (also referred to as an "independent contractor").
  • Team Driver: Drivers operating with a partner who shares driving duties.

For a detailed explanation of Driver Types, visit Truck Driving Job Resources.

Hauling Type (or trailer type, or equipment type) refers to the type of cargo being hauled. Different types of cargo materials require different types of trailers, and each type of trailer requires unique driver experience.

For a detailed explanation of Hauling Types, visit Truck Driving Job Resources.

Endorsements are required certifications for CDL holders hauling various types of equipment and freight. The most common endorsements for long haul truck drivers include:

  • Doubles/Triples: required for drivers hauling double or triple trailers.
  • HazMat: required for transporting hazardous materials.
  • Tanker: required for operating a vehicles designed with a permanent or temporary tank attached.

For a detailed explanation of the different types of endorsements, visit Truck Driving Job Resources.

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