THE ENTIRE LOAN MOUNTAIN TRUCK LEASING PROCESS |TRUCK DRIVER| ROOKIE OWNER OP EP 3
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- Опубликовано: 6 июн 2024
- 1. APPLY ONLINE
2. A SALES REP WILL CALL YOU TO GO OVER YOUR APPLICATION
3. A ACCOUNT MANAGER WILL CONTACT YOU 24-48 HOURS TO ASK MORE IN DEPTH BUSINESS RELATED QUESTIONS TO EITHER ACCEPT OR DENY YOUR APPLICATION
4. ONCE APPROVED YOUR APPLICATION IS GOOD FOR 60 DAYS IF YOU EXCEED THIS TIME YOU’LL HAVE TO REAPPLY
5. YOU CAN THEN RESERVE ANY TRUCK BY JUST PAYING THE DOWN PAYMENT (YOU CAN RESERVE A TRUCK FOR 2-3 WEEKS!
6. YOUR SEPARATE MAINTENANCE ACCOUNT WILL NEED TO HAVE ATLEAST $3500 ( DOWN PAYMENT + MAINTENANCE ACCOUT)
7. GO TO THE LOCATION AND PICK UP YOUR TRUCK!
8. MUST HAVE THE TRUCK DOT INSPECTED & A DYNO IS RECOMMENDED (LOAN MOUNTAIN WILL FIX ANY ISSUES WITHIN THE FIST 48 HOURS)
9. YOU CAN LEASE TO ANY CARRIER OF YOUR CHOICE OR RUN YOUR OWN AUTHORITY
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THE TRUCKS WILL HAVE 1/4 OF FUEL!
NOT SURE ABOUT EVERY TRUCK BUT MY TRUCK WAS GOVERNED AT 75
NO CARRIER RESTRICTIONS
NO EXTRA HIDDEN FEES OR BALLON PAYMENTS AT THE END ONCE YOU MAKE YOUR LAST PAYMENT YOU OWN THE TRUCK!🚛
25 YEAR OLD ROOKIE OWNER OP!
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You forgot to mention you need 6 months of driving as well…
Yea I didn’t know that but thanks for mentioning that I will pin this comment
@@TruckingTransparencycan you please tell me where to take for dot and dyno ?
@@Khanali-oc3vb I went to a Volvo dealership in Atlanta
I just liked and subscribed. I want to see your journey young man.
good luck driver, be safe.
Great Video and Information. Congratulations
Thanks you!!
Ty for the info bro
Great video.. I hope you are doing good out here. I have a leased truck with SFI right now but my lease is over at the end of July and then I will be getting a truck from lone mountain…
Thank you 🙏🏽 & everything’s good
Thank you bro
Good info
You got me persuaded with LM bro
Imma get a KW T680 @ Ft Worth
Use my code “trucking transparency”
@@TruckingTransparency i already did fam
Keep the videos coming
100% thanks for watching bro!!!!
How did you drive your truck off the lot? Did your carrier give you papers? because they don't do registrations and plates
Congratulations young man, I was just wondering when you lease a truck thru lone mountain does the trucks come with any kind of warranty?
Some do it depends on the particular truck you choose, the internationals have a 2 year/200k mile factory warranty
Ok thanks and 1 more question do you have the option to buy the truck after your lease is over?
@@leesuggs7108 the lease is more like financing once you make the last payment you own the truck
@@leesuggs7108 it’s literally identical to financing a car 👍🏽
Congratulations 🎊 on your journey bro, I will get my truck soon I will lease on to LANDSTAR they will told me if I go to Landstar they will take our 500 on the down payment
Thanks & congratulations 🎉 in advance to you and good luck!!!
Thanks bro keep it up
Did they run your credit to get approved??
They checked my credit but it wasn’t really the determining factor they work with all credit types …even myself I had like 1 collection I just had to show that I was paying towards it …sorry for the late response
What carrier you’re going with?
Video coming soon!!
How long does the process take to get in the truck with loan mountain
U can go get a truck today if u wanted
Do you need a LLC for the lone mt process ?
I had one I’m not sure if you need one or not
Did you actually make a maintenance account or just showed them ya buisness account?
My business account , at that time I didn’t have them separated
They go off business credit or personal credit?
Personal
Around how much was your down payment for the insurance?
It was $428 …just monthly $428 that’s with 10-4 …but I’m canceling it and using my Carriers soon
Thank you man and congrats. I’ll be ready for this part of my driving career soon. Good luck to you man.
Can you remove the governor?
Yes
I see it say no buyouts. Does this mean you can’t payoff the truck early?
No you can pay it off anytime
@@TruckingTransparency thanks. Looking forward to getting a second truck
For the maintenance account , its just a separate bank account or ?
You just gotta show some sorta proof you have extra funds set aside
@@TruckingTransparencyyou shower the bank statements
Ay bro. Congratulations! Yo how many months bank statements do they require?
Just down payment & proof you have atleast another $3k in your account (don’t recall needing a history of statements) & thank you!
@@TruckingTransparency What did you use to show that proof?
@@lloydwafula1587 a screenshot of my account balance….they will also verify that that account is yours & is in your name
@@TruckingTransparency good looking out. That’s good info.
Yo Bro. What’s your company name so I can put you down as reference.
How much is the truck?
$69799
what was your credit score when you applied? They denied me.
also do you have to have your cdl to purchase?
My credit was 650
@@ashleystephens9349 most likely how you gonna pay the note
What does your credit look like??
Can I lease from them if I just got my CDL ?
Yes you can
@@TruckingTransparency do you recommend someone fresh out of school to get a truck from LM then lease onto a carrier ? I have a fresh felony that’s why no company won’t really take me other than western express
@@HollywoodCane I would say get some company experience with western maybe like a year or 2 then try go with LM but I don’t recommend lease purchase from a carrier
Can you run under your own authority?
Yes
@@TruckingTransparency thank you for the info & replying
HATE TOO SOUND NEGATIVE BUT THIS IS NOT TIME TOO BUY A TRUCK
You honestly could’ve kept that to yourself I know when it’s the time for ME again I have a PLAN not jumping to buy a truck to run on the load board
@@TruckingTransparencyWhat made you go with LM Vs SFI? If you did look into SFI.
@@ukayhemi6385 SFI payments $4200 a month my truck payment $1600….SFI want you to pay a “transfer” fee if you ever decide to change carriers .,..loan mountain Dosent care you can change carriers and do with the truck as you please at no additional charge…also SFI payments are due weekly so your constantly having to worry about $1050 every week whereas LM payments are due monthly!
Great video! What’s your ig?
King.kavon
@@TruckingTransparency followed you
Hey bro what’s that 10-4 insurance?
It’s a truck insurance company owned by loan mountain
@@TruckingTransparency thanks for replying bro.
@@TruckingTransparency let say if I lease my truck to landstar company. So what if trailer have some issue during trip like tires blows out or etc., do I have to fix trailer issue too or my responsibility to fix only my tractor?
@@Khanali-oc3vb that depends on who you lease on to some carriers is more so “power only” where you only provide the tractor but some Carrie’s you have to have your own trailer or rent one from them then you’d be responsible for it but I believe at landstar they’re responsible for trailer maintenance
@@TruckingTransparency hey bro can you tell me which one I should to buy from lone mountain? I’m currently seeing on their inventory and they have kenworth 2020 t680 stock number LJ350661. Is that better than international truck ? Thanks