Best of the best

Discussion in 'Lease Purchase Trucking Forum' started by Southborderdriver, Dec 6, 2018.

  1. JonJon78

    JonJon78 Road Train Member

    1,109
    4,004
    Jul 1, 2018
    0
    You really think people looking to do a lease purchase have $15k to put down? :biggrin_25512:
     
  2. Gdog66223

    Gdog66223 Medium Load Member

    535
    495
    Dec 30, 2017
    Coal Town
    0
    Most people doing Lease Purchase probably couldn't go to walmart and buy a pair of shoes... It's very sad but its very true..
     
    Southborderdriver and 06driver Thank this.
  3. I glide 47

    I glide 47 Heavy Load Member

    708
    559
    Jun 3, 2017
    0
    I can buy a pair of shoelaces
     
    Southborderdriver Thanks this.
  4. Brandt

    Brandt Road Train Member

    1,701
    1,362
    Sep 17, 2012
    0
    Loan Mountain is a lease purchase. It was kind of a joke. They have used trucks also. Yeah everyone wants the new truck without the new truck payment.

    Prime will lease a new truck for $1,100 a week or $4,400 a month and Loan Mountain is ONLY $2,600.
     
    Southborderdriver Thanks this.
  5. UturnGirl

    UturnGirl Road Train Member

    1,172
    2,159
    Jan 16, 2010
    Texas
    0
    Neither does $2600 and "only".

    But I get that's a small payment considering the market.
     
    Southborderdriver Thanks this.
  6. Gdog66223

    Gdog66223 Medium Load Member

    535
    495
    Dec 30, 2017
    Coal Town
    0
    I got a buddy who did lone mountain and he told me that the down payment was $2500 but they also wanted to see an additional $2500 in his bank account before they would do the deal so he had to show $5k... His payment was $2600 per month and to my knowledge he did finish the lease out...
     
    UturnGirl Thanks this.
  7. nofreetime

    nofreetime Road Train Member

    1,159
    1,090
    Oct 22, 2013
    0
    In 2016 I posted this comparison here of Loan Mountain and Prime's LP program the comparison was accurate then. Then Prime's LP was $780/wk not $1,100/wk. Now 2yrs later perhaps the numbers have changed some but I'd be surprised if Prime's lease increased $320/wk but I haven't looked into it lately so I can't say.

    Prime lease = get out now?

     
    Southborderdriver Thanks this.
  8. JonJon78

    JonJon78 Road Train Member

    1,109
    4,004
    Jul 1, 2018
    0
    Does Prime require a down payment like Loan Mountain?
     
  9. nofreetime

    nofreetime Road Train Member

    1,159
    1,090
    Oct 22, 2013
    0
    I have info about it my post above.
     
  10. JonJon78

    JonJon78 Road Train Member

    1,109
    4,004
    Jul 1, 2018
    0
    Ok thanks, I'm not going to read through that thread. I was thinking that would be the big difference between the two.

    Prime being no money down and LM money down is needed. Maybe I'm wrong though.

    Either way I would never do either of them.
     
    Southborderdriver Thanks this.
  • Draft saved Draft deleted