Lone Mountain Truck....financing ????
Discussion in 'Trucker Taxes and Truck Financing' started by MNdriver, Apr 1, 2012.
Page 12 of 13
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I got approved at LM and looking to get a 2016 Cascadia 163,000 miles. Alert: First time O/O with 9 years experience over the road. What is a good amount of money to have in the bank before getting into it? I have no creadit debt and $18,000 worth of credit on cards to use. Is it a good idea to have half money and credit when going in or better all just one or the other?
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Both are a good idea..
Some dealers will charge a extra percentage if you use a credit card. And some will give a discount for cashDeeshot Thanks this. -
Are going full o/o or are you leaseing on with a company
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Most of the companies that you lease on with will requier/offer you a maintenance account they take .XX cpm out per mile. It goes into a account you can use to pay for repairs. The money is yours so you can use it when and how you want... when I was home for Christmas I took some extra time off and just took $5,000 out of my account
The real upside is you get the company price for the repairs.
My last repair was $2,700 on plastic, $2,300 cash. Using the company discount paid out of my maintenance Reserve was $2 110 -
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lots of info here about Lone Mountain, good and bad.
Has anyone here purchased a new, 0 miles unit from them? And if so, how was your experience? -
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