Lease Purchase Program
A real path to ownership — without the trapdoor.
Lease purchase deals can be predatory. Ours isn’t. Transparent weekly payments, no balloon payment at the end, and a walk-away policy if it isn’t right for you. Family-owned since 1962.
The MVL Promise
What you won’t find in our lease.
- No balloon payment at the end of the term.
- No personal guarantee or hidden penalty fees.
- Walk-away policy — turn the truck in, walk away clean.
- Maintenance run through MVL’s own shop.
How the Program Works
The lease purchase at MVL is straightforward. You’re not signing into something complicated. You drive a late-model assigned truck, you make a fixed weekly payment, and at the end of the term the title is yours — with no balloon payment. That’s the whole shape of it. Everything else is detail.
Most drivers complete the program in roughly the term length we’ll quote you on the phone, which depends on the truck you select and your experience tier. The weekly payment stays the same — there’s no rate increase halfway through, no hidden adjustment if fuel goes up. We don’t run gotchas.
Specific terms — payment amount, term length, your particular truck — are confirmed with our recruiting and operations team during a phone conversation before you fill out anything. We’d rather walk through the math with you on a fifteen-minute call than have you sign a contract you don’t fully understand.
Apply & talk to recruiting
Quick application, then a phone call. We walk through your goals, your experience, and what the math looks like for you.
Pick your truck & sign
You’re assigned a late-model Macks or Freightliners. We sign the lease together — every line explained, no fine-print surprises.
Run regional & pay weekly
Run the same regional lanes our company drivers run. Fixed weekly payment. Home most weekends.
Title transfers — clean
At the end of the term, with no balloon payment, the title transfers to you. The truck is yours.
Payment Structure
Your weekly payment is fixed for the term of the lease. The exact figure depends on the truck you select and the term length, and we’ll quote you a real number on the phone before you commit to anything. We don’t quote ranges on a webpage because we don’t want anyone to assume one number and sign for another.
The payment is deducted from your weekly settlement, just like a regular fuel or maintenance line item. You see your gross, your deductions, your net — every Friday. There’s no separate invoice, no third-party finance company calling you, no surprise statement at the end of the month.
And — this is the important one — there is no balloon payment at the end. A lot of lease purchase programs in this industry put a final lump-sum payment at the end of the term that drivers don’t see coming until they’re already in deep. Ours does not. The weekly payments are the whole agreement. When you make the last one, you’re done.
What’s Included vs. Not Included
The cleanest way to evaluate any lease is to look at what’s covered and what falls on you. Here’s where the line is drawn at MVL.
Included in your lease
- Use of an assigned late-model Mack’s or Freightliners
- Major mechanical repairs through MVL’s shop
- Base plates, IFTA, and operating permits
- Truck insurance (physical damage & liability)
- Dispatch, load planning, and 24/7 support
- Walk-away option — no personal guarantee
Your responsibility
- Fuel — billed weekly, transparently
- Routine maintenance & consumables (oil, tires, etc.)
- Tolls, parking, and en-route incidentals
- Health insurance (1099 contractor model)
- Self-employment taxes & bookkeeping
- Citations or damage caused by driver fault
The Advantage
Well-maintained 2022 Freightliners or Macks are available in our lease purchase program — solid, road-proven trucks at an approachable payment structure. If you’re looking for an achievable path to ownership rather than a stretch, this is the fleet MVL built for you.
Final cost categorization is confirmed in writing before you sign. If anything in the contract you receive doesn’t match this list, ask us about it directly — that’s a conversation we’d rather have on day one than year one.
Who Qualifies
Lease purchase isn’t for everyone, and we’d rather tell you that up front than sign you into a program that’s going to chew up your savings. We look at three things: experience, driving record, and your ability to manage the finances of running as a 1099 contractor.
- Experience — we strongly prefer 2+ years of verifiable CDL-A OTR or regional experience. Newer drivers are evaluated case-by-case but typically do better as company drivers first.
- Driving record — clean MVR for the past three years. No DUIs, no preventable major accidents. Minor stuff is reviewed individually; we look at the whole picture, not a checklist.
- Age & clearances — must be 21 or older, valid Class A CDL, pass DOT physical and hair follicle drug screen.
- Credit — credit is reviewed but is not the deciding factor. We’re a fleet partner, not a bank. We want drivers who can reliably manage weekly cash flow more than drivers with a perfect FICO score.
If you’re not sure whether you qualify, call recruiting at 662-728-2220. The fastest path to a real answer is a five-minute phone conversation, not an application form.
Lease Purchase FAQs
The questions drivers ask before they sign.
Can I walk away?
Yes. Our lease purchase is a walk-away program. You are not personally guaranteeing the truck and you are not on the hook for a balloon payment if you decide it isn’t right for you.
If you choose to leave, you turn the truck back in and walk away. We’d rather have a driver who wants to be here than one trapped by a contract — that’s been our position since 1962, and it isn’t changing.
What happens if the truck breaks down?
Major mechanical failures are handled through our shop in Booneville, using the same maintenance program our company drivers use. You call dispatch, we get a service call rolling, and the repair is coordinated through MVL.
Routine maintenance — oil changes, tire replacements, brakes — is part of your operating cost as a contractor. We’ll walk through exactly which side of the line every cost falls on before you sign anything, so there are no surprises in month three.
What’s the path to full ownership?
You make consistent fixed weekly payments over the term of the lease. At the end of the term — with no balloon payment — title transfers to you. That’s it. No final settlement, no buyout fee, no last-mile gotcha.
The exact term length and weekly payment depend on the truck you select and your experience tier. Recruiting will quote you the real number on a phone call before you ever fill out an application.
Do I keep the truck if I leave?
Title transfers to you only at the end of the lease term. If you leave the program before completing the lease, you turn the truck back in.
Because there is no balloon payment and no personal guarantee, you walk away clean — but you don’t keep the truck partway through. The point of the program is a real path to ownership, not a quick exit with a tractor.
Ready to talk lease purchase?
Get the real numbers — no contract required.
Call recruiting and we’ll walk you through your weekly payment, the term length, what’s covered, and what isn’t. If it’s a fit, we’ll get you started. If it isn’t, we’ll tell you that too.
Or apply online any time at mvlonline.com