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Lone mountain story

Discussion in 'Ask An Owner Operator' started by Old Man, Jul 28, 2017.

Page 4 of 8
  1. Jul 31, 2017 #31
    77fib77

    77fib77 Road Train Member

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    St Louis
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    Well the finance company needs him to work. They are a partner in his company.
    Normally they are willing to delay payments for a few months.
     
    77fib77, Jul 31, 2017
    77fib77, Jul 31, 2017
    #31
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  3. Aug 1, 2017 #32
    flood

    flood Road Train Member

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    manufacturers if any is left otherwise third party 50k but can upgrade to 200k
     
    flood, Aug 1, 2017
    flood, Aug 1, 2017
    #32
    77fib77 Thanks this.
  4. Aug 1, 2017 #33
    flood

    flood Road Train Member

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    lone mountain/cisco will MAYBE roll 1 payment to the back end
     
    flood, Aug 1, 2017
    flood, Aug 1, 2017
    #33
    77fib77 Thanks this.
  5. Aug 1, 2017 #34
    Old Man

    Old Man Road Train Member

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    Oklahoma City, OK
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    As the op the post was meant to show how fast a used truck can go south. Just a look at the real word, not how you planned it on paper.

    Most that buy from LM do so because they don't have the ability to buy elsewhere.

    Used trucks from any source are a crap shoot. Buying one on a shoestring budget is setting up failure. The guy in the video is getting so far behind I doubt he will recover.

    Warranty is great but then the dealer can't get parts and cost you more time , how many could survive starting like that?

    Several time a week a wannabe OO post their plan, but they never plan for a event like the guy in the video, I would be willing to be 25% or more people that buy used trucks go broke before they have time to get on their feet.

    They have little or no knowledge of their trucks systems and neither do a lot of mechanics. Number one fatal mistake is to take the truck to the dealer and say fix it without being involved. At up to $150 a hour it don't take long to run up a big bill and not get things fixed.
     
    Old Man, Aug 1, 2017
    Old Man, Aug 1, 2017
    #34
    Dave_in_AZ and SL3406 Thank this.
  7. Aug 1, 2017 #35
    DanDeMan

    DanDeMan Bobtail Member

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    Mar 12, 2017
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    Seems that it turned out okay for the driver.

     
    DanDeMan, Aug 1, 2017
    DanDeMan, Aug 1, 2017
    #35
  8. Aug 1, 2017 #36
    Scooter Jones

    Scooter Jones Road Train Member

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    Can't wait for his "full opinion" on Lone Mountain ;-)
     
    Scooter Jones, Aug 1, 2017
    Scooter Jones, Aug 1, 2017
    #36
    Broke Down 69 Thanks this.
  9. Aug 7, 2017 #37
    Speed_Drums

    Speed_Drums Road Train Member

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    Speed_Drums, Aug 7, 2017
    Speed_Drums, Aug 7, 2017
    #37
  10. Aug 7, 2017 #38
    Scooter Jones

    Scooter Jones Road Train Member

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    Well, that really wasn't much of an opinion, more of a synopsis of the process ;-)
     
    Scooter Jones, Aug 7, 2017
    Scooter Jones, Aug 7, 2017
    #38
    Broke Down 69 and Speed_Drums Thank this.
  11. Apr 29, 2018 #39
    Big Rob71

    Big Rob71 Bobtail Member

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    Oct 14, 2016
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    The driver in the video had a NTP warranty that took care of the repair.....
     
    Big Rob71, Apr 29, 2018
    Big Rob71, Apr 29, 2018
    #39
  12. Dec 23, 2018 #40
    chasedog

    chasedog Light Load Member

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    Mar 9, 2015
    0
    Question to the board:

    If i lease a brand new truck from Lone Mountain on a 5-year zero balloon payment at the end, meaning i own the truck outright upon my 60th monthly lease payment, do i then have to pay sales tax? And if i do, is that tax based on the value of the truck when the lease commenced 5 years ago or is it on the value of the truck at the end of the lease? And is the sales tax paid to the state Lone Mountain purchased the truck in, or is it payable to my state of residence?

    Thanks in advance to anyone who has these answers. I have been googling this and can't find much on it. Lone Mountain is a little unclear with their answers on this issue.
     
    chasedog, Dec 23, 2018
    chasedog, Dec 23, 2018
    #40
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