You really are being silly you agree totally with him but didn't use his advice.His own words if you were buying a single truck you would be better putting money down to create smaller payments less operating cost,You did the opposite nothing down and high operating cost.You purchased 1 truck right and operate as a single OO
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LRM LEASING HAS ANYONE DEALT WITH THEM?
Discussion in 'Lease Purchase Trucking Forum' started by SmoothtruckerArt, Aug 16, 2017.
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Thank you for your reply TB.I wish you luck(buying used)-no sarcasm.
I guess anyone of us buying either new or used-is walking the plank(smog motor wise). -
Wow didn't expect this thread to get this much feedback a lot of useful information appreciate the info
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I'm doing a lease won't name the company the issue I'm dealing with is the payments not reporting to credit so I've contacted multiple third party finance companies and I'm told to expect 20 to 30 percent down I've tried the bank I've tried the dealer ship credit score is not bad just have limited credit history and I don't own a home or pay a car payment so that's why I made this thread about LRM and was looking to see if any similar lease programs exist besides lone mountain
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Last edited: Aug 31, 2017
Western flyer Thanks this. -
Thanks for your advice but your negativity is not welcome or needed it's guys like you that I don't want any advice from I've told you my situation which I didn't have to I've been to the bank which I've stated I've talked to 3rd party lenders and I was asking about LRM someone who has done business with them and you haven't but your on here telling other folks what to do as in if you can't figure out how it's going to work for them then it's not the right way to do it and they will fail if they do a lease purchase everyone's situation is different I'm so tired of hearing this myth that if you do a lease purchase than you don't have any money to begin with I've saved up my money believe it or not I can put down for a down payment I just don't want to tie all my capital up I'm working on my credit so I can eventually use credit to back my business that's why I'm still doing a lease purchase THE NUMBER ONE REASON BUSINESSES FAIL IS BEING UNDERFUNDED and right now I'm not in a position to get a loan from the bank and one more thing I never said I was looking to purchase a LP truck it's just a faster way for me to build capital I'm sure your one of these guys that been out here for 10 15 20'years and don't have any other ideas of making money this is just a start for me and I incourage people to do what's best for them not like you who recommends don't do it because your situation is different LRM is the only lease purchase company I know of with a monthly payment and you can walk away without having a truck tied to you if things go bad and you can sign on where ever not a bad deal so you sir have a nice day and be grumpy in some else's form
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Last edited: Aug 31, 2017
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Again you say purchase who is trying to purchase a LP truck schnider you have to buy the truck to switch carriers quality you only can take the truck to select carriers and lone mountain over prices trucks that break down within a month so your examples are not good ones
I clearly stated I'm using this to build capital but somewhere you feel to come up with your own conclusion if anyone runs a business just using there cash they will most likely fail I have enough to put a down payment plus maintence account as I stated before I don't want to use up all my capital which you fail to read
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Last edited: Sep 1, 2017
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