I am running under my authority with my own truck. The truck is getting older and soon I have to decide to buy a new one. In the mean time can I lease a truck from Penske, to make up my mind. I have seen many companies running trucks from Penske or Ryder.
If I am running around 10k miles a month, what is better? To lease or rent?
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Leasing from Penske?
Discussion in 'Lease Purchase Trucking Forum' started by Verdel, Jul 15, 2015.
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Have you checked their prices..? Ryder is pretty expensive . So much a week and milage bla bla bla. I couldn't swing it.
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Leasing is complicated, what's included, maintenance, repairs, tires, brakes, replacement if the truck is in the shop, wear and tear, etc.? A company I worked for leased everything from Ford vans to Freightliner road tractors from Penske. They were able to close their shop and free up capital, but what kind of deal they get versus what a trucker would get I can't speak to, but I was impressed with how well Penske maintained the trucks.
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Huge difference in a company leasing 100 or even 10 trucks and you leasing one. I doubt you could afford to run a leased truck and make money.
I have bought used Penske equipment and would do so again.bigred81 Thanks this. -
Penske is NO, NO. For 1 month rent of a sleeper truck, they want $4117 + $0.18 per mile. If I run 10k miles the bill will be to $5917. I will survive, but they will be making more money than my self.
bigred81 Thanks this. -
unloader -
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On one hand it sucks because you always have a truck payment, but that's about the only negative I can think of. They take care of the taxes, IFTA, tags, free washes, they call or email me when they are due for PM's which are free. I don't pay for anything other than fuel. The tractor had Continental tire's, with about 10,000 miles they started causing a vibration, no questions asked they put a brand new full set of michelins on it. And then you get the 24 hour roadside for breakdowns, also free. Peace of mind is very nice.DarkhorseEnterprises, ovosquad, Big Herb The Trucker and 2 others Thank this. -
Did you spec out your trucks or are they just the usual Penske ISX 450, 10 speed?
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Big Herb The Trucker and bigred81 Thank this.
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