Penske full service lease

Read contracts carefully.
or have a lawyer go over before signing.

FindLaw's Appellate Court of Illinois case and opinions.

Fair Market Value

 

The last I was told when I asked them they won't lease a truck to an un-establish business meaning less than one year of producing revenue.

Why lease?

 

it's called "cold calling" when someone like you shops around on the phone, rather than in person.

when i did a few months at Ryder as a yardman, the business office wanted you to come in, sit down, have a coffee and relax.( i worked the office a few times to learn the business)

too many questions for them to cover all that you need to know, over the phone.

when i did some time with Ryder yes, it is true, they want established business people first and foremost, to cut down on the overall costs.

as a driver with a company that HAD Penske, same rules applied. i want to lease out a truck myself at both places to run for the company RPS (now FedEx Ground) but was told substantial money down, and monthly payments were required for at least 1 full year.

so go in person, is your best way.....but do not expect discounted pricing, for established accounts.

 

You're better off where you're at for now

 

Worked for a company with a dozen Penske leased full service units with free rental while yours is in the shop...if they have one to loan.

We had 9 tractors at $1600 each a month and 3 class B units.

They took an automatic electronic bank transfer at the first of the month adding in any repairs deemed negligence, etc. Surprise!

If you are new and possibly under funded they don't want you.

 

be careful, they all get mileage charges...yes, they had limits as to how many miles per year you could run them under thier leasing program.

you'd be wise to inquire about that, and pay the extra fee's for going over that limit.

this was one thing my last employer had to deal with,

he had to switch out drivers who's routes were longer than others, to cut down on the over-charges.

my customer had 3 of us for his routes, and we were never bothered with switching out to older trucks, as we always got the new ones, and the other drivers got our "hand-me-downs"......lol...lol

 

A buddy his company uses Penske. He breaks down on Monday and normally within 2 to 3 weeks he’s fixed up . PS many locations don’t have the loaner truck available. He doesn’t mind he jumps into a 10 year old spare truck that he likes more anyways lol.

 

Lots of Dealers will do that kind of lease but it is gonna be hard for a starter guy. As others have said you will not qualify without and existing company more than a year old.