does landstar do lease purchase

Landstar is a well-known transportation services company that offers various options for truck drivers, including lease purchase programs. A lease purchase program allows drivers to lease a truck from the company with the option to purchase it at the end of the lease term. This article will explore the details of Landstar’s lease purchase program and provide useful information for those considering this option.

Lease Purchase Program Overview

Landstar’s lease purchase program is designed to provide owner-operator opportunities for truck drivers. Here are some key details about the program:

  • Truck Selection: Landstar offers a range of late-model trucks for lease, allowing drivers to choose a truck that suits their preferences and needs.
  • Lease Term: The lease term typically ranges from 36 to 48 months, providing drivers with a reasonable timeframe to own the truck at the end of the lease.
  • Payment Structure: Drivers make weekly lease payments, which usually include a fixed amount for the lease and the operating cost of the truck.
  • Option to Purchase: At the end of the lease term, drivers have the option to purchase the truck from Landstar. The purchase price is predetermined and agreed upon before signing the lease agreement.
  • Maintenance and Insurance: While the truck is leased, Landstar takes care of maintenance and provides physical damage and non-trucking liability insurance.
  • Revenue Sharing: Landstar employs a revenue-sharing model, where drivers receive a percentage of the revenue generated by the truck, contributing to the overall cost of the lease.

It is essential for drivers to carefully review the terms and conditions of the lease purchase program and seek legal advice if needed before making a decision.

Requirements and Eligibility

Before drivers can join Landstar’s lease purchase program, there are certain requirements and eligibility criteria they must meet. Some of the common prerequisites include:

  1. Commercial Driver’s License (CDL): Drivers must possess a valid CDL for the class of truck they wish to lease.
  2. Experience: Landstar typically requires drivers to have a minimum of one to two years of verifiable OTR (over-the-road) driving experience.
  3. Driving Record: A clean driving record is crucial for eligibility. Drivers with a history of accidents, violations, or license suspensions may not qualify.
  4. Financial Stability: Landstar evaluates the financial stability of drivers, including credit history and ability to make lease payments.
  5. Additional Requirements: Landstar may have additional requirements, such as age restrictions and background checks, which vary depending on the specific program and location.

It is important for drivers to confirm the specific requirements of Landstar’s lease purchase program before applying.

Benefits of Landstar’s Lease Purchase Program

Landstar’s lease purchase program offers several benefits for drivers looking to become owner-operators. Here are some advantages of the program:

  • Ownership Potential: Participating in the lease purchase program allows drivers to work towards owning their truck, providing them with a path to entrepreneurship and potential financial stability.
  • Choice of Equipment: Landstar offers a diverse selection of late-model trucks, giving drivers the freedom to choose a vehicle that aligns with their preferences and operational requirements.
  • Maintenance and Insurance Coverage: Landstar takes care of maintenance and provides insurance coverage for the leased truck, reducing the driver’s responsibility in these areas.
  • Revenue Sharing Opportunity: The revenue-sharing model can be advantageous for drivers, as it allows them to benefit from the profits generated by the truck, helping to offset the lease expenses.
  • Established Company Support: Landstar is a reputable and well-established company in the transportation industry, providing drivers with a support network and resources for success.

Considerations and Potential Drawbacks

While Landstar’s lease purchase program offers several benefits, drivers should also consider the potential drawbacks before committing to the program. Here are some factors to keep in mind:

  • Financial Commitment: Lease purchase programs require drivers to make regular lease payments, and potential owners must be prepared for the financial responsibility and associated risks.
  • Restricted Freedom: As a leased truck driver, there may be certain restrictions imposed by Landstar on routes, customers, or additional income opportunities.
  • Limited Truck Selection: Although Landstar provides a range of trucks for lease, the available options may still be limited compared to purchasing a vehicle independently.
  • Resale Value: Drivers need to consider the potential resale value of the truck if they decide not to exercise the purchase option at the end of the lease term.
  • Legal and Contractual Obligations: It is crucial for drivers to thoroughly review and understand the terms and conditions of the lease agreement and seek legal advice if needed to avoid any contractual issues or misunderstandings.


In conclusion, Landstar does offer a lease purchase program for truck drivers. The program provides drivers with the opportunity to lease a late-model truck and potentially become the owner at the end of the lease term. It is important for drivers to carefully review the program details, requirements, benefits, and drawbacks before deciding to participate in Landstar’s lease purchase program. By evaluating these factors and considering their personal goals and circumstances, drivers can make an informed decision regarding their journey towards truck ownership.