Founded in 1969 by Roger Penske, the company was created through the acquisition of a car and light truck rental and leasing business with three locations in eastern Pennsylvania.
How to Stay out of Trouble When Your Closed-End Lease Ends
A closed-end lease works great for small fleets that don’t want the financial worry of the vehicle at resale. For lessees, success entails proper management of vehicle condition and mileage, as well as communicating with the lessor should driving patterns change.