Greatstart program helps qualified drivers to become successful owner-operators

Oct. 1, 2006
Greatwide Logistics Services has launched Greatstart, the company's first-time buyer program focused on providing the support necessary for qualified

Greatwide Logistics Services has launched Greatstart, the company's first-time buyer program focused on providing the support necessary for qualified employee drivers to become successful owner-operators.

This program provides significant opportunities to owner-operator candidates, typically company drivers, who have limited or damaged credit capacity, but otherwise offer a solid history of performance. Greatstart eligibility will be determined largely by a driver's safety record, work history, and general attitude. In this program, credit history will be less of an obstacle compared with the requirements of established commercial lenders. Program officials can answer specific questions about potential factors for exclusion.

In the Greatstart program, the owner-operator acquires equity in the truck during the lease period. By paying off or financing the balance of the note at the end of the Greatstart term, the driver becomes a full-fledged owner. Alternatively, the driver can choose to exit the program at the end of the Greatstart term with no further obligation. To maintain a Greatstart lease, drivers must either continue to be a Greatwide owner-operator or be able to meet the usual credit qualification criteria.

More information on Greatstart can be obtained by phoning 800-687-2055 or by visiting www.greatwide.com.

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