Can you transfer a lease with Lone Mountain to another individual?

Discussion in 'Lease Purchase Trucking Forum' started by BFL123, Oct 2, 2022.

  1. BFL123

    BFL123 Light Load Member

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    Goodmorning, does anyone know if you are lease purchasing a truck through Lone Mountain, and you want out of the deal, can you transfer it to someone who would make the remaining payments and then take ownership of the truck? Or has anyone been in that situation and found a way out of the lease without any damage done to their credit? Thanks in advance for any help or suggestions
     
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  3. GoneButNotForgotten

    GoneButNotForgotten Heavy Load Member

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    I suspect most of your questions would be answered in your lease purchase agreement. Are you already in the situation or are just looking forward just in case?
     
  4. flood

    flood Road Train Member

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    They don't like to do but will on a case by case basis....
     
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  5. BFL123

    BFL123 Light Load Member

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    I'm just asking for future reference. I thought maybe someone would have a positive response. I know I could drag out the contract, read a bunch of stuff that I still would have to come on here and ask a fellow driver if he had any helpful info to pass on. Thanks for your response but it didn't really help me.Have a good day
     
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  6. BFL123

    BFL123 Light Load Member

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    Thank You, appreciate the positive response.
     
  7. Knucklehead

    Knucklehead Road Train Member

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    Is that all you're looking for is a positive response - not a constructive one? Mommies give positive ones.
     
    Last edited: Oct 2, 2022
  8. GreenPete359

    GreenPete359 Road Train Member

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    Go to a dealership & buy a truck. You’re gonna loose your backside with LM. Use our search feature, it’s been covered.
     
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  9. ProfessionalNoticer

    ProfessionalNoticer Road Train Member

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    Does everyone have the same contract from Loan Mountain? Doubtful. Strangers who've never read your contract can't honestly answer your question. Read your contract.
     
  10. BFL123

    BFL123 Light Load Member

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    I was under the impression, and I could be wrong, that their deal is somewhat like the same across the board. Like, same down payment, monthly payment, months to pay and so on. I didn't think we could negotiate our own contract with them like football and baseball players do. Like Schneider O/O or Landstar. Sort of like if you don't like the terms go somewhere else. Can someone correct me if I'm wrong please and thank you.
     
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  11. BFL123

    BFL123 Light Load Member

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    May 27, 2012
    gaffney, sc
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    I don't think that's a lot to ask for, just a positive response.
     
    Last edited by a moderator: Oct 2, 2022
    Reason for edit: Instigating
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