Some ex-Arrow Trucking drivers with lease-purchases to get trucks back

rookietrucker · Feb 20, 2010

Some ex-Arrow Trucking drivers with lease-purchases to get trucks back

Some drivers who had lease-purchase agreements with Arrow Trucking are reporting the first bit of good news in their lives since the Tulsa-based motor carrier shuttered on Dec. 22, 2009.

Nearly 1,000 drivers were told to turn in their trucks to the nearest Freightliner or International dealership. Drivers who had lease-purchase agreements were left in a lurch when Arrow Trucking gave them no instructions about what they were to do with their trucks, which they had a vested interest in keeping.

Frantic drivers said they immediately contacted the finance companies about what they were supposed to do with their trucks, but were told there was no record of them having lease-purchase agreements with Arrow Trucking.

Bill Pelham of Phenix City, AL, told Land Line recently that his heart sank when he heard that news. Thats because he showed that he owed less than $1,000 on his truck before it was to be his at the time of the companys collapse.

However, Pelham said he and seven other drivers who had lease-purchase agreements with Arrow Trucking received some news from the finance company, Daimler Chrysler Financial Services, early this week that their luck may finally be changing.

more here>> Some ex-Arrow Trucking drivers with lease-purchases to get trucks back

Click to expand...

jtrnr1951 · Feb 20, 2010

$ 100,000.00 for a 5 year old truck, what a deal ?!!!!!!???????!!!!!!!!

Plus intrest ?????????????

dancnoone · Feb 20, 2010

If they work this so the drivers don't owe MORE .... it would be great.

Markk9 · Feb 20, 2010

Fleece deals...........................what did you expect.

Mark

Roadhound · Feb 20, 2010

jtrnr1951 said: ↑

$ 100,000.00 for a 5 year old truck, what a deal ?!!!!!!???????!!!!!!!!

Plus intrest ?????????????
Click to expand...

Well, it's better than just losing $70,000 all together.

RickG · Feb 20, 2010

Roadhound said: ↑

Well, it's better than just losing $70,000 all together.
Click to expand...

Not really . He's paying $30,000 more for a 2005 Freightliner . Ryder has them for under $25,000 .

Log in or Sign up

Forums

Find Trucking Jobs

Some ex-Arrow Trucking drivers with lease-purchases to get trucks back

rookietrucker Trucker Forum STAFF Staff Member

Trucking Jobs in 30 seconds

Wait, employers can't reach you!

jtrnr1951 Road Train Member

dancnoone "Village Idiot"

Markk9 "On your mark"

Roadhound Light Load Member

RickG Road Train Member

Trucking Jobs in 30 seconds

Wait, employers can't reach you!

Log in or Sign up

Useful Searches

Find Trucking Jobs

Some ex-Arrow Trucking drivers with lease-purchases to get trucks back

rookietrucker Trucker Forum STAFF Staff Member

Wait, employers can't reach you!

jtrnr1951 Road Train Member

dancnoone "Village Idiot"

Markk9 "On your mark"

Roadhound Light Load Member

RickG Road Train Member

Wait, employers can't reach you!