Leasing is a popular form of financing used by many entrepreneurs in the transportation industry. Under the agreement, the lessor transfers to the lessee the right to use certain equipment, such as trucks, in exchange for regular payments. For many companies, this is a favorable solution, but there are times when cooperation with a lessor can cause problems - especially in difficult times, such as the current economic crisis.
The transportation industry has been facing huge challenges in recent months. The decline in demand for transportation services and lower freight rates have forced many entrepreneurs to reduce their vehicle fleets, as well as to abandon leasing. Unfortunately, not every lessor acts with integrity, which can lead to significant financial losses for lessees. In particular, the fraudulent sale of a leased asset at an undervalue and charging the lessee the difference in price becomes a problem. In our material we will look at the details of such situations using the example of the story of one entrepreneur who lost out on cooperation with a dishonest lessor. You will learn what the consequences of early termination of a lease agreement can be and what to pay attention to in order to avoid similar pitfalls. We encourage you to watch the video below, which presents this and other stories. From the video you will learn how to protect yourself from unfair practices and what to do when a lessor tries to use a crisis situation to its advantage.
