The FMCSA’s Truck Leasing Task Force has recommended a **ban** on lease-purchase agreements, citing concerns over **predatory practices** that put drivers at financial risk. The task force argues that these agreements often lead to **misleading contracts, unexpected costs, and financial instability** for truck operators.
Key Concerns
- Lease-purchase agreements frequently contain **hidden fees** and unfair terms that place a heavy burden on truck drivers.
- Many drivers enter these agreements believing they will eventually own their trucks, but **unexpected costs** often lead to financial failure.
- The task force pointed out that these contracts benefit **carriers more than drivers**, making it difficult for operators to earn a sustainable living.
Recommendations
- Implement regulations that ensure **transparent and fair leasing agreements** for truck operators.
- Improve **education and financial literacy** programs to help drivers understand contract terms before signing.
- Increase **enforcement** against carriers engaging in unfair lease-purchase practices.
Industry experts and driver advocates support the ban, stating that eliminating these agreements would protect drivers from economic hardship. However, **some carriers oppose the recommendation**, arguing lease-purchase programs provide entry opportunities for drivers looking to own their trucks.
Read more about the task force’s findings and recommendations here.