Penske truck leasing

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

  1. Western flyer

    Western flyer Road Train Member

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    You better have some serious,dependable,profitable,
    Always can count on freight, available.
    And a driver ready to run non stop with very
    Little time off.

    I worked for a small company with all trucks leased
    Through Penske.
    Never worked so hard in my trucking life.
    Lasted 4 months,never do that again.
    The push to make those payments never stop.

    On a side note, if your gonna fuel at Penske,
    There is no shower for the driver.
    So add in 75 bucks a week out of your pocket
    To pay for showers, unless you want to stink all the time
     
    Last edited: May 18, 2020
    Snailexpress Thanks this.
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  3. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    It is better as a rule of thumb. However under President Trump's new tax law, you can pretty much write off the whole thing, and huge amounts in the first year or two.

    Get a cpa to explain that.
     
    Midwest Trucker Thanks this.
  4. Ridgeline

    Ridgeline Road Train Member

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    Michigan
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    Per truck.
     
  5. Khukha

    Khukha Bobtail Member

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    Yes it’s per truck for 3 years. If I drive these team 20,000 miles per month. It cost me $0.21 per mile excludes insurance etc. (only truck payment)..
     
  6. Khukha

    Khukha Bobtail Member

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    Oct 28, 2017
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    Tires included.. it will come with original tires, but after that I believe Penske use re-cap tires.. which aren’t bad. I purchase 3 trucks from Penske and those tires last long..
    Everything is included except you damage tires or involve in any accident..
     
  7. longhaultransport

    longhaultransport Light Load Member

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    West Central, Florida
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    Can you walk away at any time, no penalty?
     
  8. Khukha

    Khukha Bobtail Member

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    No, not before lease ends unless someone else lease that truck or someone buys the truck..
     
  9. Midwest Trucker

    Midwest Trucker Road Train Member

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    Pretty average. Might get them to come down a couple hundred on the monthly but that’s about it. Honestly it’s no cheaper then owning a brand new truck.

    When the 179 deduction wasn’t a law people leased to get the tax write off but you can depreciate truck purchases at whatever amount you want nowadays. I’d buy.
     
  10. longhaultransport

    longhaultransport Light Load Member

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    Dec 25, 2009
    West Central, Florida
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    How much down?

    Can you qualify to purchase?
     
    rpad139 Thanks this.
  11. Khukha

    Khukha Bobtail Member

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    Oct 28, 2017
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    Yes.. no deposit, required only LLC or inc etc. 12 months in business..
     
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