Frequently Asked Questions
You can be approved and off the lot in a vehicle in the same day!
We will move as fast as you provide the required documents, deposit, and insurance.
Check out the sales process video here for more details.We will request documents from you such as your drivers license, bank statement, voided check, proof of future employment, and business ownership proof.
We don’t run credit as part of the application process. LRM was founded on the principle that a person’s credit score does not dictate whether you can afford an income producing vehicle. If you have the will and determination to succeed, we want to work with you!Trucks are available at our headquarters is in Pompano Beach, FL, as well as, at our affiliate locations in Rhome, Texas (Dallas-Fort Worth) and Hagerstown, Maryland. More locations coming soon.
Freightliner trucks have consistently proven to be the superior choice when it comes to operational and maintenance costs. It's no coincidence that the world's largest fleets prefer Freightliner for their vehicle of choice to deliver the goods.
Here's why:
1. Proven Reliability: Freightliner trucks are renowned for their robust build, ensuring durability and longevity. This reliability translates to reduced downtime and increased operational efficiency.
2. Ease of Maintenance: Maintenance is streamlined with Freightliner trucks, making them easy to service and keep on the road. With readily available parts and a design focused on simplicity, maintenance costs are minimized.
3. Widespread Expertise: Diesel technicians are more familiar with Freightliner trucks equipped with Detroit power than any other combination on the market. This familiarity translates to quicker diagnostics, faster repairs, and ultimately, lower maintenance expenses.
4. Cost-Effective Performance: While a flashy truck may turn heads, Freightliner understands that what matters most in the industry is cost-effective performance.
5. Freight rates do not care what model truck you are driving. Driving a Freightliner over pricier alternatives will ensure your investment prioritizes your profitability over unnecessary cost.
Choose Freightliner for a practical, reliable, and cost-effective solution that keeps your business moving forward.We purchase trucks from only the best fleets in the country who have the highest standard of maintenance.
We conduct a rigorous detailed inspection going above and beyond the industry norm. We can provide the best quality control with our distinct advantage of having our own in-house repair shops. We invest heavily to ensure you receive the best quality used truck possible!
When every new truck is added to our inventory for the first time, we always replace the pickup tubes, oil pan gasket, and the o-rings for the pickup tubes. We check every truck for after-treatment and emissions issues, ensuring a successful regen completes with no codes or warning lights! We even do another final inspection and walk around with each customer to ensure they don’t leave the lot with any issues.
With the proper ongoing preventative maintenance and oil changes, your truck will keep you on the road and earning the money you expect to be.All of our trucks are backed by our 72-hour exchange policy. Bring it back and we will switch you out for any reason.
Absolutely! This will give you additional confidence about the vehicle you will be leasing.
No, you do not. LRM provides the opportunity to a broad range of customers from drivers with a newer CDL to investors without a CDL to experienced trucking veterans.
Yes, LRM Leasing never restricts who you can work for. You can lease onto any carrier you like at any time during your lease, and you can certainly run under your own authority! To be clear, we are strictly your equipment lessor.
There are NO mileage restrictions meaning NO additional charges for mileage.
A condition of our lease agreement is that you must always have liability and physical damage coverage. We do require that you obtain physical damage coverage through our approved insurance broker. Then depending on whether you have your own authority or not changes the type of liability we require. Customers leasing onto someone else's authority are required to have non-trucking liability and customers with their own authority are required to have primary auto liability (which you would already have if you already have your own authority).
It is always best to discuss the insurance requirements in detail with your dedicated leasing representative before obtaining insurance coverages for the truck.We do not provide or charge for plates. When you take delivery of your leased vehicle you will be provided with all the necessary paperwork you need to register your leased vehicle. Our experienced compliance department is always ready to assist with any questions about your registration. We make the entire process as simple as possible.
We do not provide for maintenance after you take delivery of your leased vehicle. However if you are near once of our facilities and are in need of maintenance or repairs we always ensure that you get priority over any other work being undertaken at those facilities.
The most affordable and convenient method of payment is to be set up on automatic ACH drafts from your bank account direct at no cost to you. We also accept these other payment methods such as Comcheck, T-check, or EFS check at no cost. We do not accept personal or business checks.
All of our trucks are eligible for third party warranties. Your leasing rep can assist you in getting in touch with these companies should you want to learn more or purchase a warranty through them. Our trucks do not come with any manufacturer warranty or any warranty from us.
Depending on the location of where you are taking the delivery at, either your leasing rep or an assigned delivery rep will greet you upon your arrival.
They will then provide you with the keys to your leased vehicle, we require you to do a visual walk around with a checklist to ensure everything is as you expected and more.
When you are ready, a rep will take you on a test drive. Use this time to go through all the gears, check the cruise control, jake brakes, gauges, and any other systems you want to verify are to your satisfaction. This is the time to point anything out that you would like addressed or explained etc.
Once you are satisfied, you will receive your lease contract electronically for your review. Once you have signed your agreement, our office will process your paperwork, ensure that we have the required insurance certificate on file, and that any lease inceptions have been made. Once confirmed, your leasing rep will provide you with copies of your agreement, registration paperwork, and a fresh DOT.
You're free to go and run your trucking business.While our goal is for you to own the truck one day; we understand unforeseen issues may arise otherwise. We can mutually terminate the lease if you are current on your lease payments, have active insurance, provide advance notice, and return the truck to one of our approved locations passing with a clean DOT.
If you abandon the truck elsewhere or do not return a clean DOT approved truck we will pursue actions against you that are available to us.
