Outside carrier lease purchase

Discussion in 'Lease Purchase Trucking Forum' started by Flatbedotr, Oct 6, 2024.

  1. Flatbedotr

    Flatbedotr Light Load Member

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    I would say not, pretty sure they asked how long I had cdl. If they didn’t every place I would take my truck to run under someone dot/mc sure did. Unless you are going to get your own authority not sure lone mountain or sfi would help. Both of these places are locked in leases vs some companies saying they have a walk away lease.

    If your wanting to lease a truck, Western Flyer Express I think owns it’s leasing company. You would need to work there 1 year before you can take the truck to a better company though. Info on the web is wrong too 145 flat every month payment. .28 cpm per mile truck payment and .07 or .12 cpm for maintenance fund. Tossed the email so can’t remember exact figure. Only like 1.50-1.80 per mile again exact figure lost in my memory.

    While terrible rate per mile if you don’t have lots of bills might work. After the year no ding on cdl or inspection issues go find a better carrier.
     
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  3. ATXCowboy

    ATXCowboy Light Load Member

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    I’m only looking at driving 8 months out of the year so walkaway leases are attractive. I spend months abroad each year.
     
  4. Flatbedotr

    Flatbedotr Light Load Member

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    Nov 26, 2018
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    Just driver for a good company and maybe get rehired when back in country.

    Lone mountain also wants you to have down payment + 3-4K for maintenance fund. Another 1k travel fund, inspection cost and getting truck to company.
     
  5. ATXCowboy

    ATXCowboy Light Load Member

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    I see. I require autonomy so driving as a company driver is not an option for me. I’m also wanting to work under our LLC with all money paid to the LLC
     
  6. RickAnniston

    RickAnniston Bobtail Member

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    What was the total truck cost
     
  7. RickAnniston

    RickAnniston Bobtail Member

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    What's the financial breakdown of financing trucks for them. The website is very vague
     
  8. Flatbedotr

    Flatbedotr Light Load Member

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    Nov 26, 2018
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    73100 is there cost to get the truck.. after my down payment was 67100 so 1525 x 44 months till mine
     
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  9. flood

    flood Road Train Member

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    the breakdown is simple
    for my 2nd truck
    $1,000 off down payment (returning customer)
    $1,000 off down payment (landstar bco discount)
    So my total down payment was $1,000 plus
    44 monthly payments of $1,250 equals $56,000.

    No balloon, when you make the last payment they send you the title...
     
    RickAnniston Thanks this.
  10. RickAnniston

    RickAnniston Bobtail Member

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  11. crzyjarmans

    crzyjarmans Road Train Member

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    I have dealt with Lone Mountain before, and I wouldn’t send my worst enemy there!
     
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