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News for 'LDSR' - (Lone Mountain Truck Leasing Signs Over 1000th Title to Independent Owner-Operator)


Omaha, NE, Nov 25, 2013 (PRWeb.com via COMTEX) -- Lone Mountain Truck Leasing
announced that they recently signed over their 1000th truck title to independent
owner-operator, Lance Hairrell. Lance made the trip to Pacific Junction, IA in
early 2011 where he then drove away with his Freightliner Columbia. Today, he
holds the title to that truck free of any liens. "Lone Mountain Truck Leasing
was an easy and affordable way to get started in my own truck. I quickly leased
onto Landstar Inc., and after two years of worry free service, my truck is now
paid for, and I have my title in hand," Hairrell said.

Lone Mountain provides financing for customers through its in-house finance
company, Cresco Capital, Inc. The two companies have been operating together for
about 7 years and currently have over 3000 trucks in their portfolio, all leased
to owner-operators. Over 50 titles were signed over to customers in the last 30
days and that number continues to grow every month. "We are extremely proud that
our program has a high success rate. It's exciting that even during uncertain
times, we have played a part in 1000 owner-operators reaching the goal of owning
their own truck," said General Manager Joe Hoovestol. "In a lot of the lease
purchase programs out there today, no one ever ends up actually owning their
truck," Hoovestol added. In contrast, the majority of Lone Mountain customers
end up owning their truck.

About Lone Mountain Truck Leasing:

Lone Mountain Truck Leasing, LLC has a leading class 8 truck lease-purchase
program. Lone Mountain operates independently from truck manufactures and offers
a wide selection of makes and models. The trucks are typically three to five
years old and range from 300k to 600k miles. Using their knowledge of the
trucking industry to identify non-financial indicators for individual success,
Lone Mountain is able to finance owner-operators when other forms of financing
may not be an option when evaluated on credit score alone. Since the program is
not sponsored by a fleet, customers are able take their truck to the carrier of
their choice or run independently with their own authority.

Read the full story at
http://www.prweb.com/releases/truckleasing/201311/prweb11367894.htm