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Lease Program for Truck Owner Operators

Apr
22,
2010
5
Truck Leasing

Truck Leasing

For many CDL students and new drivers, owning your own truck and becoming an owner operator is a dream.   Running your own business and placing yourself in charge of your financial future is the ultimate goal for many newcomers to the trucking industry.  As tough as OTR trucking can be, there are still those owner operators and independent contractors who are successful in this business.  Understanding the keys to running a business will most likely always be the number one advice you will receive from a successful truck owner operator.

I have often discussed the cons of going through one of the trucking company lease-purchase programs.  Thousands of truckers have fallen prey to these scams, and many are participating in our on-going survey about this huge scam in the trucking industry.   You can check out the most recent data here . . .

When I started Truth About Trucking, LLC, it was not meant to be just another trucking website, blog or forum which pours out meaningless content or discussing the same topics that everyone else was discussing.  The purpose was to actually be active, get others active and work together to bring change to an industry that often abuses drivers.  Futhermore, our goals include to perform real and viable research into the industry and share with all interested parties, those factors that will improve the quality of life for truck drivers and those issues that can help lead to success.

We have accomplished this on several occasions by informing CDL students about excellent truck driver training schools such as:

When we first launched the original Truth About Trucking across the world wide web . . . it was not about us . . . it was and is . . . all about helping those who wanted or needed help.  Exposing the scam of the trucking company owner-operator lease programs, was high on my priority.  My research has led to a greater alternative . . .

Lone Mountain Truck Lease

Lone Mountain Truck Lease

Lone Mountain Truck Leasing is based out of Pacific Junction, Iowa and offers one of the best truck leasing programs in the industry.   There are no extra fees or hidden charges and there is no huge balloon payment at the end of the lease.   They will assist in finding you the needed financing and with your down payment, you just make the monthly payments and when the final payment is made . . . you get the title to the truck.  It really is that simple.

One of the biggest problem drivers face when entering a lease purchase program through a trucking company, is they are not able to take the truck with them if they choose to leave the company.  So is the truck really theirs?    Lone Mountain Truck Leasing offers affordable truck leasing for the wanna’ be owner operator.   I receive many requests from individuals and companies for endorsement purposes.   They find that I do not simply jump on board with anyone.

I research . . . I study . . . I investigate . . . after all, we are recognized as the “truth” about trucking.   Only those programs I find to be honest and reputable will be made known publicly through our site(s).   Lone Mountain Truck Leasing is one I highly recommend.  Check out their truck leasing program . . . and get started in the best way to becoming your own boss in the trucking industry.

Listen to our recent talk show:  The Owner Operator Spirit

Allen Smith


© 2010, Allen Smith. All rights reserved.

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By: Allen Smith

Allen Smith is a 37 year veteran who started at an early age in a household goods family moving business. He began driving straight trucks in 1977 and moved to the big rigs in 1982. His experience within the industry includes; owner operator, company driver, operations manager, and owner of a long distance HHG moving business, taking many of the long haul moves himself when needed. Allen Smith, a truck driver advocate who is driven by the desire to help others succeed within an industry where injustice, unrewarded sacrifice, and lack of respect and recognition exists. Allen and his wife Donna are hosts of Truth About Trucking ”Live” on Blog Talk Radio. Other websites include AskTheTrucker, TruckingSocialMedia, NorthAmericanTruckingALerts, TruthAboutTrucking, and many Social Media websites. In 2011 Allen and Donna hosted the first Truck Driver Social Media Convention, designed to create unity and solutions for the trucking industry. This is now being extended through the North American Trucking Alerts network as those within the industry join forces for the betterment of the industry. Allen strongly supports other industry advocates who are also stepping up to the plate to help those who share honesty, guidance and direction. He believes that all those involved in trucking need to be accountable for their part within the industry, including drivers, carriers, brokers, shippers, receivers, etc… The list of supporters and likeminded people grow daily, networking together and sharing thoughts and ideas for the betterment of trucking. He has coined the popular phrase "Raising the standards of the trucking industry"

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5 Responses to Lease Program for Truck Owner Operators. - Post a Comment

  1. [...] This post was mentioned on Twitter by Allen Smith. Allen Smith said: Lease Program for Truck Owner Operators: For many CDL students and new drivers, owning your own truck and be… http://tinyurl.com/2eddh6v [...]

  2. Debra

    Have you ever heard of HEC truck leasing,llc=any reports?

  3. Mitch

    This lease does not appear to be any better than many of the company lease programs out there today. In fact, it is a lot worse if you consider that the payments are the same and they are also asking for a large down payment. I’d skip these guys if I were looking to lease again.

    The biggest obstacle with most lease purchase programs today is maintaining a civil relationship with your dispatcher. Once you get cross wise with your dispatcher you’re pretty much done. It’s much different when you sit with no miles when you’re in a lease vs. when you’re a company driver.

    • Allen Smith

      Mitch, There isn’t even a comparison between LMT Truck Lease and a company lease. I’m not sure how you could even compare the 2. There are NO STRINGS or stipulations and the truck is yours. I’ve read a lot of leases and have received a lot of email horror stories from drivers who have lost everything because of a company lease. THEY ARE DESIGNED TO FAIL. PERIOD.

  4. lance

    I have read the Loan Mountain Truck lease. Its very good. Its basically a purchase. They do fleets as well. They do not run the truck. You lease the equipment and take it to a carrier of you choice or run it under your own authority. Its no different then leasing from Freightliner or Peterbuilt. Folks should check out there web site or give them a call. 877 744 1158

    They will give you the lease to read before you even commit to dining businesses with them. You can take the truck to a mechanic of your choice to have it looked at before you buy as well.

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