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…
@@TruckingTransparency Thank you. Last question. If the SFI payment is almost 3 times the price does that mean you pay it off 3 times earlier at least?
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
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
@@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
@@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!
@@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
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.
You got me persuaded with LM bro
Imma get a KW T680 @ Ft Worth
Use my code “trucking transparency”
@@TruckingTransparency i already did fam
Great Video and Information. Congratulations
Thanks you!!
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
Was there anything wrong with SFI? I thought they sell trucks also? How did the lease work out for you?
@@darienms38 trucks are to expensive $4k+ monthly I pay $1300
@@TruckingTransparency Thank you. Last question. If the SFI payment is almost 3 times the price does that mean you pay it off 3 times earlier at least?
@@darienms38 no there trucks are $100k + I do believe you usually get a brand new truck tho
Ty for the info bro
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 👍🏽
@@TruckingTransparency200,000 miles from brand new? Or 200,000 on top of current mileage at time of purchase?
good luck driver, be safe.
Good info
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
Why is down payment so low? Is Landstar better in some way?
Thank you bro
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
How did you drive your truck off the lot? Did your carrier give you papers? because they don't do registrations and plates
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??
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.
What carrier you’re going with?
Video coming soon!!
Where u get your Dino inspection
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
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.
Do you need a LLC for the lone mt process ?
I had one I’m not sure if you need one or not
How long does the process take to get in the truck with loan mountain
U can go get a truck today if u wanted
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
They go off business credit or personal credit?
Personal
Can you remove the governor?
Yes
How much is the truck?
$69799
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
Keep the videos coming
100% thanks for watching bro!!!!
Can you run under your own authority?
Yes
@@TruckingTransparency thank you for the info & replying
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
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!
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
Great video! What’s your ig?
King.kavon
@@TruckingTransparency followed you