Recent Comments

PIB TIP: UNDERSTAND ESCROW ACCOUNTS. Lease purchase agreements often require an initial security escrow of $1,000 to cover expenses the lessee may fail to pay. Maintenance escrows, which are funded throughout the length of the lease-purchase, usually are required. A lease contract should state the precise purpose of escrows and that all unused escrows should be returned with interest at the end of a lease. Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by Freightliner Trucks.

OverdriveOnline.com strives to maintain an open forum for reader opinions. Click here to read our comment policy.

Overdrive is covering MATS live all week Click here to see full coverage
Hello. Add your message here.