Lone Mountain Truck Leasing

Thanks for the good info flood and bigjohn.

 

as to the base plate (in TN) it's $1475 a year good for 12 months from when you get it, i waited 4 day to get ours because if i got it at the end of april it would be good till the end of march so i waited until the 1st of may so it's good till the end of april.

some companies will give you a base plate BUT if you leave before 12 months you have to pay them back for it or the unused part of the year.

this is my plate and if we leave where we are it's still MY PLATE and it stays on MY TRUCK.

and don't forget that the 2290 must be paid in person at the irs the 1st time after you get your EIN from the irs... irs what fun that is

 

If it were me I would save for a year and then pursue my own truck. If you only put back $2k a mo that would be $24k in a years time. That would cover most of your start up costs and give you a nice break down fund. Also would give you a better feel for the job. No matter how well someone checks out a truck there's gonna be some unforeseen costs in the near future. Just gotta get the bugs outta whichever truck you pick. Also don't forget about flats, blowouts, getting stuck in that ditch when u miss ur turn and bust a u turn instead of going that 2mi to turn around and have to be pulled out. That's personal experience that cost me but taught as well.

As far as jobs go or who to work for...the 3 top paying right now is grain, cattle, and frac sand. If ur dead set on hauling freight, try to find a company that knows you by name and not employee #. Work off of percentage instead of cpm...it pays more...why do u think most company's are trying to get away from it. I'm working for a frac sand company right now as a company driver making 25% of the load...that includes detention, deadhead, diversion, and what the load pays. I gross between $2200-2700 per week and don't have to pay for any of the trucks expenses. My lowest check has been $738 and that was for only 2 loads during 3 days and took the rest of the week off. Oilfield pays big bucks but you also gotta bust ### or they won't dispatch you. I've seen that happen more than a few times. Just check out all your options before you lease your truck onto a company. There's more out there than pulling 53' boxes and reefers. Hope this helps out.

 

The base plate cost will vary from year to year. I paid over $1,800 in Tennessee this year. Last year I paid a little over $1,500. The first year you use estimated miles. After that you use actual miles. They calculate your base plate cost on a percentage of states in which you run. If there are states in which you don't run then you will pay estimated in those states if you want to have that state on your cab card.

It is good to have your own base plate when you lease to a carrier. That way you can take the tag with you should you decide to leave. You will need to fill out a form and may need a copy of the lease to get your own base plate. You must have active authority and insurance to get apportioned plates.

 

It is true, but you will pay more down at Arrow. IF you cannot afford the larger down payment then Lone Mountain was recommended to me from a driver that had a truck thru them & was happy with it.

 

i have a score of 750 and arrow wanted MORE than the $10,000 from me plus the $4.000 match (they had going on at the time) down on an 07 volvo 780

a score of 750 and $14000 down was not enough for them....?

 

you got the 2 and the 7 backwards on the 06' 387, I got one from them and they where all at the same price witch was $72,600, $4200 down $1425 month, 48 months

 

It can be difficult to get your first truck financed. If you have a bank or credit union that you are familiar with you may check with them about a truck loan. A bank might give you a line of credit or commercial loan in lieu of a truck loan. If they know you they might give you better terms than one of the regular commercial equipment lenders.

Sometimes having a good credit score isn't enough. I think that I have mentioned this before, but it bears repeating. Several years ago I owned car haulers. I wanted to buy another rig so I went to the bank where I had been doing business. They knew that I had good cash flow and good credit but would not give me a loan. The load officer at the bank told me that they considered the car hauler too specialized and would not do the loan. He assured me that it had nothing to do with my credit rating, which I felt odd at the time. I found out later that they had just lost a lot of business from a local Freightliner dealer due to driver defaults. It would have made me feel better had he told me at the time.

Credit is not the only thing commercial lender look at when it comes to class 8 trucks. They look at your time in the business and where you plan to lease the truck. I have heard of some who would not make a load until they had a copy of an "intent to lease" agreement from a carrier.

 

i had all that, 7 years with the same company (the same company that i was going to lease on to) and a dedicated run that would gross $8600 a week, the same dedicated run that we had ran for last 18 months....

btw did i say that it took them 2 1/2 weeks to say they wanted MORE THAN 34% down

 

It could be that they were having financial trouble themselves. It is like what happened in 2008. The banks were in trouble so they blamed their customers. Check around. There are leasing companies and lenders who will do a loan for you. It may be that you only need to find the right fit.