Get Quick Access to Equipment
Whether it is a spike in demand, a need to move up shipments or a sudden opportunity, fleets that need additional capacity want to add equipment quickly. Having flexibility is becoming even more important amid increases in geopolitical and trade-related uncertainty, shifting consumer demands and supply chain disruptions.
Penske has equipment on the ground and ready to go, along with several programs designed to help carriers access the equipment they need when they need it.
Full-Service Leases
Leasing is one of the most effective ways to increase operational flexibility. Our full-service leasing programs, which include both long- and short-term options, allow businesses to scale up or down without the long-term commitment of ownership. Leasing also provides cost predictability with fixed monthly payments. Additionally, maintenance is included, further simplifying budgeting. Fleets that lease typically have shorter trade cycles than those that own equipment, according to the National Private Truck Council’s Benchmarking Survey, giving them access to newer, more fuel-efficient models with the latest safety technologies.
Sell2Lease
Fleets that are ready to transition from owned trucks to fully maintained, late-model equipment via a leasing model can use our Sell2Lease program. As part of the program, Penske buys the fleet’s current trucks, regardless of age or condition, and replaces them with a full-service leasing model. The straightforward program provides a simple, seamless process for fleets to upgrade their equipment without the hassle of managing resale or vehicle depreciation.
Rental Trucks
Rental trucks are an ideal solution for fleets that want maximum short-term flexibility. Similar to leasing, renting eliminates the need for the upfront investment and long-term financial obligations associated with ownership. Rentals can also offer shorter terms than leases. Fleets benefit from being able to rent trucks only when needed, without worrying about storage during downtime, licensing, insurance or maintenance. We have more than 100,000 commercial rental vehicles available, including high-roof cargo vans, straight trucks with liftgates and Class 8 tractors.
Used Trucks
For businesses that prefer to build their fleet through ownership, we offer a selection of pre-owned equipment for sale. Most units have been owned by us and come with well-documented maintenance histories. We offer transparent pricing, detailed condition reports and flexible purchasing options, including online vehicle auctions. Buying used trucks can offer significant financial advantages, such as lower monthly costs and the ability to build equity in the asset. Ownership also provides full operational control with no mileage restrictions, the freedom to set the maintenance schedule, and the opportunity to take advantage of tax benefits such as depreciation and interest deductions.
Lease and Rental Trailers
In addition to trucks, we also offer full-service rental and leasing of trailers, including 48 and 53 foot dry vans and 53 foot refrigerated trailers and flatbeds. Trailers can help fleets expand capacity quickly, support drop-and-hook operations to minimize driver downtime, and facilitate cross-docking to streamline cargo transfers. Rented or leased trailers offer a scalable, cost-efficient alternative to investing in more trucks or warehouse space so fleets can meet changing transportation and storage needs without long-term commitments. All leases and rentals include trailer maintenance and roadside support.
Work With Us
To learn more about how our different business lines can offer stability even when instability abounds, contact us today.