Schemes, WWEL Financing and LRM leasing in Pompano Beach, FL are predatory....AVOID

The statement you make, is as you truly know, is completely FALSE. It is your attempt to justify your lack of responsibility to meet the terms of your lease agreement clearly agreed to by you at the time of signing a lease with LRM Leasing Company Inc.

LRM Leasing Company Inc. has been dedicated to providing honest hard working truck drivers the opportunity to own their own truck to travel on their path to success for over 30 years.

There are of course obligations of the lessee that must be complied with, and our efforts to assist you to meet those terms were blatantly disregarded which left us no choice but to reposess our vehicle. When a lessee changes and disconnects all phone numbers after the time of signing and immediately cancels there insurance on the vehicle and fails to make their payment in a timely manner, it does not leave their creditors much choice. You are the only one responsible for your actions

A deal is a deal that both parties must comply with. Remember that, especially when dealing with an honest company like LRM Leasing Company.

 

I'm curious how you know that was the case with this person or who they are for that matter to know the situation?

 

Its funny how the owners of these fly by night scams will come out trying to defend their own unethical practices!!! It makes me happy when I see them try to "save" their reputation....i.e.. their scams because I know that someone avoided being ripped off! Its obvious their lies were brought to their attention and they googled to find their shady dealings exposed!!

This company (LRM Leasing and WWEL Finance) is one big sham! They put tracking devices on every vehicle and will pick up your truck when you are miles away from home and under a load. They justify their repossession for you being over 5 days late on a payment or if you don't answer their phone call or at their own discretion. Can you imagine your mortage company foreclosing on your home because you paid 5 days late? Or because you changed your phone number? If they did they'd end up on Dateline!! Or can you imagine paying rent on a home for 6 months and after 5 weeks the landlord evicts you for changing your phone number and refuses to refund your money? They'd end up in court!

These crooks use thug tactics to repossess the vehicle such as blocking you in at truck stops, try to file a false police report stating that you stole the vehicle, encourage the repo man to instigate a fight with you, tampering with your trailer so you can't move, cutting the seal on your load to cost more money, pretending to be someone else, and lying. They'll repossess it for any reason and refuse to give it back unless you pay the full amount of the vehicle.

All truckers need to band together to get rid of guys like this. Due to a bad economy they are popping up everywhere ripping people off. All of them, WWEL Finance, LRM Leasing, NO Credit Check.com (Gulfport Mississippi) now known as the American Truck Group, Moutaineer Leasing, etc... should be put out of business. Its just a matter of time before you see these guys on "American Greed." All truckers who have been ripped off should band together to form a class action lawsuit and get the justice we deserve!! They are ruining the trucking industry with these schemes and scams putting hard working truckers out of work and out of their hard earned money.

Don't think that their shady contracts will stand up in court! These are bait and switch operations that will show you one contract or vehicle and then sweet talk you as they present you with a different contract to sign. These guys work with shady dealers and will tamper with the vehicles to cause so many maintenance issues that you loose the truck in less than 3 months so they can re-lease it to another unsuspecting victim. They make their money off of the high deposits not the monthly payments so they keep flipping the vehicle over and over. Think about it if they re-lease the same vehicle 10 times in 1 year requiring a $12,000 deposit they've earned $120,000 in 1 year!! Versus only earning $18,000 by allowing one driver to keep the vehicle all year long (12 payments at $1500/mth). The deposits may be higher or lower based on the amount of the vehicle.

DON'T LET THEM GET AWAY WITH IT!! STOP PATRONIZING THESE CROOKS TODAY!!

 

It always amazes me to see posts like these. While I don't like the way these lease outfits do business, I know how they do and would expect to have to deal with them on their terms if I choose to lease a truck from them. Their practices may be unethical but you signed a contract agreeing to those terms.

Wake up people. If you are desperate enough and broke enough to go to one of these lease outfits, you have no business trying to be an owner operator. If you chose to go this route it probably won't come out pretty. You should know this up front and if you still do it, it isn't their fault when it comes out ugly. I guarantee you that their lawyer wrote an ironclad contract in their favor, you signed it and they didn't break the terms, you did.

Now for the print in red. When you purchase a truck and finance it, it belongs to you and your name is on the title with a lien from the financial institute. If you don't make the payments, they have to go through a legal proceeding to repossess the truck. When you lease a truck, it doesn't belong to you and your name is not on the title. If you don't make the payments and don't give it back, you have stolen it from the owner whose name is on the title. It is beyond me to understand why people enter into these agreements completely clueless.

More on the red print. When you make monthly payments on a loan, you generally aren't in default unless you are a month behind. When you make weekly payments, yes you guessed you are in default when you are a week behind because another payment is due.

Now for the blue print. Remember the truck belongs to them, you are just leasing/renting it so they have every right to put a tracking device on it. Besides in today's society they would be out of business if they didn't. Just read all the posts from people who lost their truck and it wasn't their fault.

If you don't have at least a month of operating capital in reserve you are one problem or mistake from business failure. After all if you had enough money to purchase and finance a truck you wouldn't lease one. Leases like these are a bad business choice. If you make a bad business choice it is nobody's fault but yours. These outfits continue to operate because they do nothing illegal. In addition, they do nothing you couldn't have found out about by reading the contract or asking questions.

With all due respect, does nobody realize when you cause a big fuss about losing a truck in one of these lease purchase deals, you show how little research you did and how little attention you paid to the contract that you agreed to and signed. I guarantee for every person that has successfully completed one of these agreements there is another that has failed. I also guarantee you there is another one who got the contract and after reading it said no. There is also another one that after research, without reading the contract decided not to do it. I am in the latter category.

I hate to be so blunt because it will anger some but I am so tired of reading this stuff about suing them for doing what you agreed to in a contract. If you have average intelligence, do your due diligence and read this contract then you would only sign in desperation. A prudent person would not do this. There are a few companies doing these that are exceptions to the rule. But even then if you have no operating capital you are destined to fail. Sure some beat the odds, a few even win in Vegas or win the lottery. I can't think of a single thing I have done out of desperation in my 54 years that didn't turn out ugly. Bad choices lead to bad outcomes.

Your last sentence shows wisdom. I'm just not sure what makes them crooks for giving folks a chance that nobody else will. They have a right to set the terms and we have a right to decline.

 

I agree with everything you said BigJohn. I am tired of hearing these whiners cry because they signed a contract and did not follow the terms of that contract and then want to blame someone else. These are the same people who join unions and live off welfare. They feel entitled to have everything handed to them. There is absolutley nothing crooked or illegal about what these companies do, its just not a good deal for the consumer. Its called capitalism and its actually what makes this country great and powerful. If you are going to complain about being ripped off then show us in detail how THEY violated the contract not how you violated the contract. If THEY violated the contract then that is crooked and you will have recourse in civil court, that is what it is for. SO I say to all you whiners out there stop posting your sour grapes and start posting proof of contract violations and be specific so we know the whole truth and can then judge if it is a place to do business with or not. I will do business with any of these places as long as they always abide by the contract we both sign. Very simple.

 

If you dont pay your loan they who ever they are will come and get your vehicle! if you had great credit you would have went to the bank to bad mouth a company who did right by alot of people including myself, is not right.
I bought a truck and got a loan through them because I couldn't go to a bank, they were helpful and helped us in a time where I didn't think we couldn't get one. They were professional and kind and I am so glad I found them.

 

My cousin has purchased several trucks and trailers with Bill at LRM and has nothing but lots of praises for them.
He's not the only one that says a lot of great thing about them, there's a lot of dead beat people out there that don't pay their bills on time and blame everybody but them for their lack of seriousness and punctuality on their payments.