Penske truck leasing

Discussion in 'Ask An Owner Operator' started by Khukha, May 18, 2020.

  1. Khukha

    Khukha Bobtail Member

    19
    3
    Oct 28, 2017
    0
    There won’t be overage, I’m planning to lease more once things starts rolling.. overage after 187k is $0.10 per mile.. if I go 188k I will be charged $0.17/mile..
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Midwest Trucker

    Midwest Trucker Road Train Member

    5,771
    20,598
    Aug 31, 2018
    0
    I’m scared for you. How about buy 1 and see how it goes first?
     
  4. Capacity

    Capacity Road Train Member

    1,480
    3,084
    Jul 28, 2019
    Neenah Wi
    0
    Penske SOS has the best breakdown , they have your back 24/7 , one call to them and they handle it , there is also parking in all the major cities , were there are no truck stops.
    Spent many years on Tour and they saved our bacon a few times.
     
  5. magoo68

    magoo68 Road Train Member

    3,393
    5,383
    Jun 11, 2011
    st malo mb canada
    0
    At 20 k a month running team he’s looking at 4800 a month give or take once the extra charges are applied.. That’s if his drivers don’t damage stuff . Buying is cheaper
     
    Midwest Trucker Thanks this.
  6. Khukha

    Khukha Bobtail Member

    19
    3
    Oct 28, 2017
    0
    I own 3 trucks in my fleet, Penske won’t lease you if you aren’t a running settled business..
     
  7. Midwest Trucker

    Midwest Trucker Road Train Member

    5,771
    20,598
    Aug 31, 2018
    0
    Maybe you already said it, but why not just buy? It’s a better option any way you look at it. Just get a 5yr 500k engine/emissions factory warranty.

    It’s great that you have a 3 truck fleet. That’s fantastic. But I do remember when I had just three trucks and it’s a very sensitive stage to be in. Those two trucks your talking about could easily bring down your operation.
     
    Dino soar and Western flyer Thank this.
  8. Khukha

    Khukha Bobtail Member

    19
    3
    Oct 28, 2017
    0
    With buy I can’t add more than 1 or maybe 2.. this gives me option to expand.
     
  9. Midwest Trucker

    Midwest Trucker Road Train Member

    5,771
    20,598
    Aug 31, 2018
    0
    That’s all the more reason to slow down a little. How long have you been in business? Do you factor or run on your own money? Think of a triangle... ok... build that base niiiiiiiice and wide, then slowly as time goes maybe year by year... build it up layer by layer towards the peak. This is a solid company. What I see so much of is an upside down triangle of quick growth where it looks really impressive and big, but eventually sooner, sometimes later topples over. Why work so hard if your going to lose it in the end? You’ve just waste years and years of your life and are right back where you started.

    oh and if you didn’t see I added to my first post.
     
    Dino soar and Khukha Thank this.
  10. Khukha

    Khukha Bobtail Member

    19
    3
    Oct 28, 2017
    0
    Own 3 trucks and in business more than 2 years, I don’t factor. as time passes these trucks broke down more, spending a lot of money maintaining these. They will provide new trucks aprox $4200/month about $1050/week.. $0.19-0.21/ mile
     
  11. Western flyer

    Western flyer Road Train Member

    2,807
    6,785
    Mar 13, 2014
    0
    Do you have your own contacted freight.
    Are you running off of load boards.
    Do you have drivers for the 2 trucks your trying
    To get.
    Those trucks have to be moving as soon as you
    Pull them off the lot.
    No sitting around a month trying to find a driver.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.