Ok, I'm looking at couple Penske trucks. Wait now, before you exit the page lol.. Talking to them because I live and do business in the amazing state of CA where everything is extra regulated and extra expensive (CARB regulations) Also because Werner, Shnieder and a few other better sellers don't have the trucks I'm looking for.
Here is what's going on:
1. Penske said I can do a prepurchase inspection on any trucks that are on their lots, any locations
2. Trucks that are being rented or leased out are not available for a prepurchase inspection. I would have to sign a Bill of ale to get any of those trucks in for an inpsections.
3. Once the Bill of Sale is signed, they'll bring in those trucks and I can do the inspection before they do anything with them.
4. If I find any big issues with the trucks, they will either fix them, find a replacement truck or cancel the purchase.
5. I asked if the cancellation was their decision or mine? Their response - they will do what's fair and re-do the paperworkor cancel the truck. So I guess its their choice..
Is this the standard way things go or should I avoid signing any bill a sale for a truck I haven't fully inspected yet? Thanks for all the help.
Standard stuff or walk away from this truck deal?
Discussion in 'Experienced Truckers' Advice' started by jpeters72155, Apr 1, 2015.
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Sounds like when you sign the papers you just bought that truck?
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I wouldn't sign anything till I found the rig I want. I do understand you are in a bit if a pickle but just cause they say it's fixed is it? They use some real butchers I'm sure you the yesterday I couldn't spell technician but today I are one
Cat sdp Thanks this. -
I would do an purchase contract like you do for real estate but not a bill of sale. Maybe that is just their name for it. Have you read this bill of sale? You have to have contingencies in there for your protection.
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Sounds sketchy. If they say they will do whats fair. Sounds like they will do whats best for them. I wouldn't go that route.
not4hire Thanks this. -
I have no experience with large truck purchases, but I did stay at a Holiday Inn last night.
Don't forget, you have the absolute right to add a rider/supplement/clause to the sales contract that provides an exit clause for you if the work isn't done to your specifications. In addition, I'd make the sale contingent upon a dyno test. Whatever you want, you can write into the contract. The contract is there to protect you as well. -
Should be an OFFER TO PURCHASE ( with stipulations in it such as a dyno test ) and not a PURCHASE AGREEMENT
not4hire Thanks this. -
The trucks not available for pre-inspection are being used by another Carrier. However, if you buy that truck, they'll bring it in for an inspection. (make repairs). Thats pretty fair talk.
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Too bad Schnider does not have any that you like, or maveric for that matter. They have better spec's than Penske normally. All will be geared to having 64 as about best speed. But the direct drive that Schnider likes to spec will get you better MPG and pull a little better, even with lower numbers. Depending on the shop they were out of the Penske trucks may be better maintained, but maybe not.
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I wouldn't sign any deal you've posted. As suggested, you could agree to an offer to purchase and perhaps add a deposit to be applied to the final purchase. I would only do that if you're 100% certain that you will buy the truck from Penske. I have bought trucks sight unseen, but they were fully inspected by a third party (even when purchasing from a dealer), ran a carfax, had both the truck and engine manufacturers check the serial numbers, etc. Even then, the agreement I signed before travelling to finalize the purchase was contingent on the truck being exactly as represented.
You're the buyer; you're in the driver's seat... so to speak.
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