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Lease to Own Drivers Wanted
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Chart your own destiny! With Buchanan’s Lease to Own Program, you can work your way up to ownership and all of its rewards, yet enjoy the support and structure of Buchanan’s administrative team. We’ll help launch you on the path with a low point of entry and controlled costs along the way. Get in the driver’s seat and investigate Lease to Own.

Overview

  • 100 % of fuel surcharge, tarping and stop pay passed on to Lease Purchase driver
  • Payroll is directly deposited into your bank account weekly
  • Next day Pay Option available (2%) fee
  • Scan your Bills of Ladings in from truck stops or by smart phone app
  • Comdata fuel cards with $300.00 cash advance weekly
  • Company paid cargo and liability insurance
  • Contractor revenue:
    • Tractor Only - 68% of the Gross Line Haul with Carrier's van, flatbed or step-deck trailer
    • Tractor Only - 65% of the Gross Line Haul with Carrier's trailer (other than van, flatbed, or step-deck i.e., double drop, multiple axles of 3 or more, stretch trailers, etc.)
    • Tractor and Trailer - 75% of the Gross Line Haul
    • Tractor and Trailer - 6-9 axle - 77% of the Gross Line Haul

Ready to Apply? Click here to view our Full Application Options

Cost

  • Buchanan can provide your flatbed equipment (chains, binders, tarps, etc.) payable in weekly payments. Cost of flatbed equipment over $350.00 deducted weekly at 8% of total equipment cost plus 3% finance fee. Example: $1500.00 in equipment + 3% carrying cost ($45.00) = $1545.00 x 8% = $123.60 weekly deduction until paid in full.
  • Lease Payment - Depends on year, make and model of tractor
  • Multiple length leases offered.  3, 4 or 5-year leases available.  Tractor payments vary depending on the lease length.
    • Example of Lease Purchase program weekly deductions
      • 2015 Model Year                         $575
      • Maintenance Escrow                 $150
      • Truck Escrow                                  $100 (first 20 weeks)
      • Insurance per truck value       $70-$85 (4% of insured value /52 weeks)
      • Occ Acc Insurance                      $32.30
      • Base Plates                                      $45
      • IFTA Fuel Tax                                  $20
      • IRS 2290                                           $10.52
      • Bobtail/Non-Trucking Ins.      $9
      • Trippack/Transflo                        $5
      • Estimated weekly payment   $1,017-$1,060 per week

*NOTE: This example is just an estimate based on a 2015 or 2016 model truck.  Actual amounts may vary.

  • Weekly Maintenance Deduction - $150.00 for the duration of the lease agreement
  • Base Plate Program - $45.00 deducted weekly
  • Escrow Account - $100.00 deducted weekly for 20 weeks ($2,000.00) 
  • IFTA Fuel Taxes - $20.00 per week, every 90 days a report is provided if you purchased enough fuel in the states in which you traveled your fuel tax escrow is refunded
  • IRS 2290 - $10.58 per week
  • Trippak/Transflo - $5.00 per week
  • Insurance Program:
    • Physical Damage - 4% of insured value, then divide by 52 for weekly deduction
    • Bobtail/Non-Trucking - $9.00 per week deduction
    • Occupational Accident Insurance - $32.31 per week deduction. This coverage is required

Lease to Own Driver Requirements

  • Must be at least 23 years old
  • One year of verifiable experience with a class A CDL

Ready to Apply? Click here to view our Full Application Options

Hazmat Lease to Own Driver Requirements

Buchanan Specialized Transportation Services offers the same pay and benefits as highlighted above with the advantage of adding numerous lanes that are not available to our current non HazMat drivers.  To qualify for Specialized you must currently hold your HazMat and Tanker endorsements and have a valid and current TWIC card.  

  • One year of verifiable experience with a class A CDL
  • Must be at least 23 years old
  • Must currently hold your HazMat and Tanker endorsements
  • Must have a valid and current TWIC card

*Additional requirements for qualifications may be imposed. No determination can be made on your eligibility until your qualification paperwork is received and reviewed by a Buchanan representative in Fort Wayne, IN.

Ready to Apply? Click here to view our Full Application Options

Geary just believes in our company—that it’s a great place to work, that it’s family-oriented, that everybody knows your name.

Becky Buchanan
Executive Vice President