April 3 2013 getting truck from lone mountain. where to go to get truck checked out?

when you buy you have to have a lease in place and have 45 days to the first payment, should be plent y of time to get a good start.

let me guess you didnt pay out of pocket for a dyno or full dot inspection, and since you were in a jam you didnt have anything checked to find the fuel mileage problem.

you either had a bad lease or didnt work your business right, and didnt bring in enough revenue . so the truck wasnt over priced, you were under revenue to make it.

not lone mountains fault at all

by the way care to share where you were leased, what trailer you pulled and what your revenue avg was per mile for all miles loaded and empty?

 

Why does this company call it a "lease" when you're actually buying it and they finance it? Is there a tax reason? As in, does one have to pay sales tax if "leasing" a truck?

 

That is my understanding as it a cost of business write off, with a lease you don't usually end up keeping the item while a payment plan you do. That "difference" is important in the IRS eyes.

 

Pretty common with commercial equipment. As you probably already know, a lease is essentially a contract term rental. Lease or rental payments are expenses and can be written off as such. There's usually a payout at the end (sometimes even $1), where you would take title and now have a "new to you" asset to depreciate (double dip).

Unfortunately, the sellers that offer this sort of thing tend to know exactly what the value will be to the buyer and keep some (or all) of that for themselves in the form of a higher payment.

When you purchase, even with a loan, your only tax benefit is depreciation. Loan payments cannot be written off.

 

with a lease reposession is accomplished much easier, as for me the lease where i own the truck with no ballon whatsoever, benefits me much better from a tax standpoint, my trl is also a lease with ownership at the end .

lone mountain's term are disclosed upfront, all is spelled out, if you choose not to get the truck dot inspected and a dyno done, you even sign a paper stated that you have chosen yourself not to do it.

so these claims of trickery and things being wrong with trucks are off base from that standpoint, i think problem is by the time most scrape up a don payment, they have no money to do an inspection and dyno, on the proverbial shoestring and when the string breaks its is someone elses fault.

bout the same thing when most folks change leases, theyre broke, seems no one changes leases til they are flat on their back.

 

Honestly anyone who doesn't wait tell they have the money to make the down payment and to have the truck inspected are increasing their chances of failure immensly by being impatient. Yes there is a pride in not being a company driver but if you are so eager to go after that title that you willingly cut corners you are being a fool

 

Do you have the cummins motor???

 

no i have the volvo d12

 

So you didn't have to pay or fill out 2290? Just got a copy receipt from Loan Mountain?