The Official Blog of Penske Transportation Solutions

Leasing or buying a truck: how do you choose?

It's a decision fleet managers have had to make for years, going back and forth with weighing the pros and cons associated with each of them. But the decision between the two doesn't have to be one or the other, says Penske Truck Leasing Senior Vice President of Sales Jim Lager.

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Penske Truck Leasing recently celebrated the relocation of its Dubuque, Iowa, facility. To accommodate a growing customer-base, Penske built a new state-of-the-art facility that offers full-service truck leasing, consumer and commercial truck rental, contract truck fleet maintenance and connected fleet solutions, a value-added resource to help customers address issues and options related to onboard technology systems (ELDs, telematics, onboard cameras, etc.).

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Penske Truck Leasing will return to the NAFA 2019 Institute & Expo April 15-17 in Louisville, Kentucky. Presented by the NAFA Fleet Management Association, the expo is a comprehensive three-day event where fleet managers learn about innovations in process automation, mobility, connectivity and other emerging technologies.

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Each year, hot dogs and peanuts – classic staples of Americana – take center stage at festive celebrations such as family gatherings, holidays and even “Opening Day” baseball games.

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The second annual Heavy Duty Repair Forum will include a Penske Truck Leasing executive as a panelist when it commences on April 2 in Fort Worth, Texas. James Svaasand, vice president of collision center development and operations, will discuss Penske’s industry-leading repair processes for commercial trucks, and the recruitment and retention of its maintenance technicians, for the session: A Dive into Successful Operators in Heavy-Duty Collision Repair.

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Penske Truck Leasing recently announced its joining with TechForce Foundation’s efforts to recruit the next generation of truck fleet maintenance technicians by serving as an early adopter in the foundation’s FutureTech Success campaign.

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Penske Truck Leasing is joining the TechForce Foundation’s efforts to recruit the next generation of truck fleet maintenance technicians by serving as an early adopter in the foundation’s FutureTech Success campaign.

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Penske Truck Leasing has successfully completed its 1 millionth voice-directed preventive maintenance inspection using its recently deployed innovative paperless technology.

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Penske Truck Leasing celebrated the opening of its new facility in Zelienople, Pennsylvania. Located at 204 Russell Road, the new Penske location offers full-service truck leasing, consumer and commercial truck rental, contract truck fleet maintenance services and connected fleet solutions, a value-added resource to help customers address issues and options related to onboard technology systems (ELDs, telematics, on-board cameras, etc.).

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Penske Truck Leasing will exhibit at this year’s NAFA Institute & Expo (I&E) presented by the NAFA Fleet Management Association. I&E, one of the largest annual gatherings of fleet management professionals, will take place from April 24 to 27 in Anaheim, California.

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As a 10-year-old, John “Chips” Lemke would be fascinated with tractors that operated on tobacco farms near his home, often riding on the machines as they made their way across wide-open spaces.

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For the second time in three years, Penske Truck Leasing was presented with the Diesel Employer of the Year Award from Lincoln College of Technology in Denver, Colorado.

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Penske Truck Leasing recently celebrated the opening of a new Chicagoland facility with a grand opening event. Strategically located in the Bedford Park community, the state-of-the art building will be home to former Penske Cicero and Chicago Ridge locations.

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Penske Truck Leasing celebrated the opening of its new facility in Laredo, Texas, with a grand opening event. Located at 8401 Killam Industrial Blvd, the new location is situated on 10 acres and offers customers easy access to Interstate 35 and Loop 20.

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The heat and humidity that often accompany sun-kissed summer days can take a toll on all vehicles traveling on the nation’s roadways, but none more so than on commercial vehicles.

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Penske Truck Leasing has opened a new metro Houston location, in Katy, Texas. Located at 517 Stonegate Drive, it has full-service truck leasing, consumer and commercial truck rental and contract truck fleet maintenance services. The facility features four services bays in a 20,000-square-foot building on 2.5 acres.

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“Hearing from professional, successful women in the industry brought a new level of education to our students, one that can’t be taught in the classroom,” explained Jacqui Arcidiacono, employment services director for UTI-Exton.

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Gregg Mangione, Penske Truck Leasing senior vice president of maintenance, stated that company truck technicians can learn many new things in "our system."

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To make a true comparison between leasing vehicles for your truck fleet or buying your own, you need a comprehensive list of points to consider so you can make an informed decision. Take a look at these considerations presented on this infographic from Penske Truck Leasing, and get a clearer picture of which option may be right for you.

  

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Lloyd De Merchant, area maintenance manager forPenske in Mississauga, Ontario, Canada, was named the Volvo Trucks Canada Fleet Maintenance Manager of the Year at the Canadian Fleet Maintenance Seminar June 18.

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