Penske is a transportation Service Company that has set off various industry segments, including retail automotive, truck leasing, transportation logistics, and professional motorsports. It is operating in over 3,200 locations. It is headquartered in Pennsylvania. It was founded in 1969. Roger Penske is the founder of Penske Truck Leasing. The venture is committed to helping veterans in making them move forward. It was recently named a 2022 military-friendly employer. The ventures possess the companies are Penske Automotive Group, Penske Truck Rental, Penske Truck Group, Penske Truck Leasing, Penske Vehicle Services, Penske Logistics, Penske Motor Group, and Team Penske. It is best known for its auto dealership, which sells old, new, and used cars. Penske commercial account is an auto dealership company.
Penske has a commercial account under the credit department. A commercial account is a bank account that is used in business. So yes, they have an account in National Australia Bank.
Steps to achieve commercial account:
Some steps are followed to achieve a commercial account.
- Choose a bank.
- Set up a business account.
- Prepare document.
- Open the account.
- Verify that everything is correct.
Advantages of commercial account:-
There are lots of advantages of having a commercial account such as:-
- It is easier to borrow money at the time of growth of the business.
- It helps in maintaining of secrecy of the venture.
- Taking of loan becomes a flexible source of finance.
- Handling and managing a business becomes easier.
- Employee services are better looked at even after retirement.
The disadvantage of a commercial account:-
There are lots of advantages of having a commercial account such as:-
- Funds are available for shorter periods, and their renewal is difficult.
- Sometimes difficult terms and conditions are imposed by banks at the time of granting the loan.
- A commercial bank account is more costly than a normal bank account.
- Some services may not be needed but the holder of the account might be charged at the time of the deal.
Types of rental services in Penske:-
Rental services mean a business that rents merchandise. So they offer two types of rentals such as:-
- Personal Rental
- Commercial Rental
Benefits offered by Penske:-
They have many benefits for its truck drivers, trainee, and transportation partner such as:-
- They promote sustainability.
- They have an official blog of Penske transportation solutions.
- They offer truck financing programs.
- They help in choosing the right dedicated transportation partner.
- They offer a sales & operations management trainee program.
- They have Penske driver app.
Cost of renting a truck:-
The cost of a truck is $130 to $1,200 a day. Penske is a budget-friendly option when it comes to renting a truck. Cost depends on the size of the truck as well as distance. So, therefore, this is the cost of renting a truck at Penske. Penske commercial account is the cost of renting a truck.
Process of renting a truck:-
The process to rent a truck at Penske is as follows:-
- Access your reservation online.
- Mention the required details.
- Mention the time of rent.
- Mention the distance.
- Add the number of days during reservation.
- Complete with payment.
Types of trucks at Penske:-
The types of the truck at Penske are as follows:-
- High-Roof Cargo Van
- 12-foot truck
- 16-foot truck
- 22-foot truck
- 26-foot truck
Discount at Penske:-
They have many discounts for its customers, and they are:-
- One-Way Unlimited Mileage
- Limited Time Offer
- AAA Discount
- Military discount
- College Student discount
- Fuel promotion
Benefits on used trucks at Penske:-
They have so much for their customers. So, therefore, they believe in customer-centricity. So some of the benefits they offer on a used truck are mentioned below:-
- They give cash-off discounts.
- They have manager’s specials.
- They offer premier financing for all buyers.
- They have centers for used trucks.
- They give protection plans.
- They offer service assistance.
- They have easy delivery on the vehicle.
- They offer pre-sale inspections.
- They provide tips for first-time buyers.
Conclusion
Penske is a closely-held, diversified, on-highway Transportation Services Company. Penske Truck Leasing Co has a co-partnership with Penske cooperation, automobile, and Mitsui & co. They offer a relentless drive that helps our customers win. Their catchphrase is unique “performance is in our DNA.” EPA SmartWay Transport Partnership has recognized Penske for its strong commitment to promoting the sustainability of trucks.
Frequently asked question
What is the environment fee at Penske?
It charges a nominal environment fee on all one-way and commercial and local rentals.
Does Penske rent moving trailers?
Penske does not rent moving trailers.
Is reservation of rental truck guaranteed at Penske?
At Penske, they guarantee the reserved vehicle and will be available at the time and the mentioned location. In case you have reserved the rental truck within 24 hours of pickup, it will not guarantee the vehicle.
