Where NOT to buy a used truck - Lone Mountain.

All I'm going to say freind after reading this post is you have a lot to learn about trucking if you truly believe everything you wrote..

 

Doing a little search on the Lone Mountain company I found this.

http://www.ripoffreport.com/directory/Lone-Mountain-Truck.aspx



If you research the Nebraska state corporation on the business this is what you will find.


Entity Name SOS Account Number

LONE MOUNTAIN TRUCK LEASING, LLC 10144394

Principal Office Address


STE. 1302
222 S. 15TH STREET
OMAHA, NE 68102

Registered Agent and Office Address

ANDY LUCHT

12555 S. 81ST AVE
PAPILLION, NE 68046
Nature of Business Entity Type Date Filed
Account Status Not Available Foreign LLC
Qualifying State: NV Feb 08 2011 Active

So Lone Mountain is a Nevada registered Foreign LLC according to the Secretary of State data, so anyone know if this is incorrect?

 

There are a lot of companies that incorporate in Nevada and Delaware, but have their primary physical offices in other states.

 

Very true, but this name I pulled is registered as a Foreign LLC
and that is why I posted the information thinking perhaps it is a little strange why anyone would have it registered as a Foreign LLC.

Last corporation I registered was Delaware for taxes, most Nevada corporations are formed to hide the identity of the corporate officers or to hide corporate assets.

 

Thats correct.

The corporate office is in Omaha. The sales locations are: pacific junction, IA; tifton, GA; and las vegas, NV.

The first office was in Vegas, which is why it is a Nevada LLC.

 

Foreign in this case means not incorporated in the state of business. Not out of country.

 

So after checking the Nevada records here it looks like the father owns the principal company out of Nevada, Wayne B. Hoovestol.

If you would Google Joe Hoovestol it is stated in different articles online of his title, some state that he is the owner by his own accord in various post.


http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=NZ3zyZJcFI%252bGRwUiJbvKBw%253d%253d&nt7=0

Now I have no dog in this but will say this, every post Joe has made is in defense and to advise others in errors they made.

Yes purchasing a used vehicle of any type is trial and error with due diligence with pre inspections and looking over the vehicles condition. But to most seasoned drivers the hidden issues with used vehicles can be not found with even the best mechanical abilities.

Best thing to do when looking at used vehicles is to get a 3rd party inspection with a reliable reputation.

 

I already was knowledgeable of that.

 

From the paper trail your father not only owns the company but the finance company as well?

 

Lone Mountain aside.............

Really doesn't matter where you purchase a used piece of equipment. Really

I regularly purchase used farm equipment and vehicles. My latest jewel is an 88 IHC 9670 twin screw. Purchased it for the princely sum of $3800. A Craigslist "best buy". ROFL

I fully expected a piece of junk, and haven't been terribly disappointed so far I'm already in for around $7000(indluding the purchase price) and expect to wind up near $10,000

BUT I COULD HAVE PLUNKED DOWN $20,000+ AND WOUND UP WITH THE SAME ISSUES. Used stuff is...........used

I purchase the lowest price, reasonably sound, piece of equipment possible, then start plowing the bucks into it. What I usually wind up with is a very reliable serviceable truck/tractor/implement. And at a fraction of the cost of new, and usually way ahead of the cost of supposedly "good" used stuff.

I'd rather spend the bucks on repairs/parts where I do the work, and can trust the work to have been done to the best of my ability. I stand behind my work (I have to, I'm the one riding in the thing). ROFL ROFL

My main criteria for the truck I bought was a straight frame, mechanical fuel injection (A REAL BIGGY), AND MOST IMPORTANTLY.......NO EVIDENCE OF MODIFICATIONS OR TAMPERING. I look for original condition even if worn out.

Will I find hidden problems?? Most definitely. I expect it.

I truly feel that you can't own used equipment without the ability, if only maybe a fleeting ability, to do your own work. Wrenching, welding, fabricating, machining, etc. And you have to have the equipment to do it. In other words, it's expensive to run old stuff. But you can definitely come out ahead in the long run.

In a nutshell, don't buy used unless you're ready for some headaches. There was a reason the previous owner retired the truck your buying.

And to be fair. I buy equipment that won't see another million miles. So my "advice/expertise" is limited to my situation. But in a small way it still applies.