['Leasing - Motor Carrier']

['Leasing']

04/03/2024

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What is a Permanent Lease?

...

What is a Permanent Lease?

RegSense Leasing - Motor Carrier Best Results FAQ English Focus Area Leasing USA

A Permanent Lease is used when a carrier is leasing equipment that will be exclusively used by the lessee for the term of the lease. The lessee/carrier is the authorized carrier and is responsible for legal operation of the vehicle for the duration of the lease. A long-term, or permanent, lease agreement is generally a detailed contract, drawn according to individual company requirements and policies (while meeting the requirements for written lease agreements in Part 376). Neither the Standard Trip Lease, nor the Master Lease Agreement is suitable for a long-term lease agreement.

['Leasing - Motor Carrier']

['Leasing']

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