Lone Mountain Truck Leasing Signs Over 1000th Title to Independent Owner-Operator

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Lone Mountain Truck Leasing recently signed over the title for a Freightliner Columbia to Lance Hairrell, a Landstar BCO. This is the 1000th title signed over to an owner-operator completing Lone Mountain's lease-purchase program.

Hairrell's Freightliner Columbia

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.

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.

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Tom Crimmins
since: 03/2010
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