Lone Mountain Truck Leasing to enter new vehicle lease market
Lone Mountain Truck Leasing announces it recently began purchasing new trucks to put into its lease purchase program.
Historically, Lone Mountain says it has focused on leasing used trucks coming out of the larger fleets to individual owner-operators. With the gradual increase in the price of used trucks over the past 18 months, the company now believes there is a larger market for individuals looking for new trucks.
“Earlier this year, we rolled out a pilot program focused on the 2015 Volvo 670. Given the success of that program, we decided to additionally offer our customers the 2015 Peterbilt 389 and the 2015 Freightliner Cascadia,” says Joe Hoovestol, general manager.
The initial offering from Lone Mountain consists of 2015 year model trucks from a variety of manufacturers including Peterbilt and Volvo with Freightliner trucks coming later this summer. All of these trucks will include a 500,000 mile factory warranty that covers customers through a majority of the lease. Though Lone Mountain is entering this new market, they will continue to offer a wide variety of pre-owned trucks as they always have in the past, the company says.