I am doing the Arrow L/O beginning next month. I am going to post frequently here to let you know how things are going. I have a good legal background and have reviewed their lease thoroughly. In my opinion the trucks are actually at or below FMV for the year and mileage. Also, the interest rate is near what a person is paying at a dealer for a used truck, that being 15%. With less than 10% down that is nearly the going rate out there. Believe me I tried about 15 different companies to finance on my own and my credit score is 670 (not great, but not bad at all). Your credit really doesnt matter its what collateral you have because no bank wants to finance you for less than 25% down on a used truck.
Anyway, I will keep everyone updated if you all have an interest because I am very happy with Arrow and hope to show that not only are they a good company to work for but their L/P program is also the best out there.
Arrow L/O Diary
Discussion in 'Discuss Your Favorite Trucking Company Here' started by dcedlr, Jun 17, 2008.
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sounds good, I'll keep looking back.
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Rock on!
Though, to be honest, from what I'm hearing (yes, this is hearsay - I have no direct experience) it's not the terms of the loan that are dangerous. Some companies have a reputation for starving a LO as he nears the end of the lease.
Whether it's true or not, I cannot say. -
So whats the deal? Is the lease working for you or did you give it up?
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Have not started it yet. I am going to wait until after the winter slowdown. I should have started it in August but kept procrastinating. I also want to start a LLC before I lease but have not got around to doing the incorporation. I am doing it myself because it is a simple process but I have not got around to it yet. I do have the truck I want now. 07 International 9400I with an apu. 260,000 miles. Had it since September and have not had any problems thus far. I hope they dont start when I own it though. lol
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Sounds good to me!
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