Section 179 at a Glance for 2020

2020 Deduction Limit = $1,040,000

This deduction is good on new and used equipment. To take the deduction for tax year 2020, the equipment must be financed or purchased and put into service between January 1, 2020 and the end of the day on December 31, 2020.

2019 Spending Cap on equipment purchases = $2,590,000

This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true “small business tax incentive” (because larger businesses that spend more than $3.63 million on equipment won’t get the deduction.)

Bonus Depreciation: 100% for 2020

Bonus Depreciation is generally taken after the Section 179 Spending Cap is reached. The Bonus Depreciation is available for both new and used equipment.

Example Calculation

Truck Purchases $1,150,000
First Year Write Off
$1,000,000 = 2018 max
$1,000,000
100% Bonus First Year Depreciation
updated to 100% via ‘Tax Cuts & Job Act
$150,000
Normal First Year Deduction
20% in each of 5 years on remaining amount
$1,150,000
Cash Savings
Deduction x Tax Rate (35%)
$402,500
Purchase Cost After Tax $747,500

Information provided by section179.org

Calculate your deductions by visiting the Section 179 Deduction Calculator

 

Check Out Our Inventory For Sale

Premier Truck Rental is proud to announce its fifth year as the leading provider of work trucks throughout the nation. In an era when companies come and go, PTR has achieved a half decade of innovation and steady growth. The company commemorated their anniversary with many events held at their Fort Wayne, Indiana headquarters.

After selling off his previous equipment rental company in 2014, our owner Rob Troxel wasn’t ready to retire. He and his daughter, Adriene Horn, put their heads together to develop a business plan for a different type of rental company – one with smaller equipment. They learned that there was a need in the market for contractors to rent job site ready work trucks. Like up-fitted pickups and flatbeds that arrive with toolboxes, ladder racks, etc. already installed. Allowing the trucks to be immediately put to work upon delivery.

With three team members, and a handful of trucks, PTR launched in summer of 2014. Since then, the company has been blessed with tremendous growth. PTR currently has a nationwide footprint, over 100 employees, and works with many of the top construction and renewables contractors in the country.

To celebrate PTR rewarded all team members to an afternoon full of activities. Including food trucks from Fork & Fiddle and Whip ‘N Chill, an ice cream and dessert truck. Premier also had a great turnout for a team member corn hole tournament. To wrap up the festivities a fun game of Family Feud Live PTR Edition was held.

Premier’s continual upgrading of existing products and investment into its team members reflects the company’s ongoing commitment to delivering innovative, powerful, and robust solutions for numerous industries. “Our success is due in part to the advanced capabilities and continuous improvement of our products,” states Vice President Adriene Horn. “It comes down to the team members who are here every day putting in all the hours to make sure our clients have the highest quality units.”

Are you looking to join, or know someone that might be interested in working for Premier Truck Rental? We are looking for team members who exemplify our core values. Click careers to find current opportunities to further your career.

At Premier Truck Rental, we take pride in our products and customer service both internally and externally. We do not accept mediocracy. So, what does a Premier Truck Rental employee look like and how do they contribute to the workplace culture?  In this Team Member Spotlight series, we sit down with PTR team members to learn more about who they are and what makes them Premier – both in and outside of the workplace.

Get to know Cassondra Potter, Senior Staff Accountant.


Known around our Fort Wayne office for her expertise in anything Disney and her jovial personality, meet Cassondra Potter, Premier Truck Rental Senior Staff Accountant.

Cassondra began at Premier Truck Rental just over a year ago as a staff accountant. She was responsible for handling day to day journal entries and accounting activity as well as handling a large portion of the month-end close process.

 

Cassondra joined the PTR team with a vast work experience in different industries. She has held roles in accounts receivable, accounts payable, and working in the general ledger. Which has helped her gain an understanding of the big picture and how all the different pieces need to fit together.

 

Cassondra was recently promoted to Senior Staff Accountant, which was one aspect that attracted her to working at Premier Truck Rental. Professional growth and learning new aspects of accounting.  “PTR gives me the opportunity to continue to grow and take on new challenges.’

 

“I like that every day is different.  I never know from one day to the next what project I may be working on, so it stays interesting!  I also like the people and the excitement of being part of a growing company.”

Cassondra resides in Fort Wayne, IN with her husband and two sons.  She is a caring mother who places emphasis on spending time with her family and exposing them to new places and experiences.

 

When she is not spending time with her family Cassondra enjoys reading, especially Harry Potter, Artemis Fowl, and the Kingdom Keeper book series.  She is also passionate about cooking and all things Disney.

 

“Around here, however, we don’t look backwards for very long.  We keep moving forward, opening up new doors and doing new things, because we’re curious … and curiosity keeps leading us down new paths.” – Walt Disney

 

Are you looking to join, or know someone that might be interested in working for Premier Truck Rental?  We are looking for team members just like Cassondra who exemplify our core values.

Work truck rentals serve a wide variety of industries.  From Construction, to Electrical, to Oil and Gas – Every industry requires their work truck rentals to maximize production and assist crews on the jobsite.  One of our most popular and versatile rental trucks for the industries we serve, is our Flatbed truck rental. We offer new 4×4 crew cab flatbeds in a variety of makes and models. Most of our flatbeds have 30,000 + GCWR, and 16,000 + Towing Capacity.

Customization

Premier Truck Rental has most innovative flatbed truck rentals in the rental industry. Depending on your needs on their job site, the flatbed rental provides more room for customization.  There’s a 9-Foot flatbed which becomes an open canvas for renters to add a variety of products from our aftermarket selection. Mount a welder, toolboxes, custom hitches, fuel storage tanks, and more!  Their versatility allows them to transform into mobile workshops.  Many of our 4×4 flatbeds include stake pockets for optional inserts.  Most rental flatbed trucks from Premier comes equipped with turnover gooseneck hitches. Our gooseneck hitches are discrete and can give you the ability to tow a gooseneck trailer with just one flip.

Also new to our rental fleet is our F750 4×2 flatbeds. These units are rugged and durable.  Not only can you customize with stake sides, we also have dumping capabilities in our 750 flatbed product line.  These trucks include up to a 18′ flatbed capable of hauling over 16,000lbs and can tow up to 27,000lbs.

Power and Durability

Our Platform Body Rentals are able to haul thousands of pounds of material and equipment for any job site. They’re durable, and take much longer to wear out because they’re made of a thicker gauge steel.  They offer more room to haul elongated materials to worksites, and they make loading and unloading materials a breeze.  If you’re tired of being limited by the inside of the box of a pickup, or van, consider renting one of our flatbed trucks.

For more information: ‘Like’ our Facebook page and Add us on LinkedIn to keep up with our latest blogs, products, and promotions. Call 844-644-9138, or Request a Quote online to start renting your  truck from Premier Truck Rental.

Why Buy WeatherTech’s from Premier Truck Rental?

Premier Truck Rental is more than just a national leader in pickup and work truck rentals. PTR also offers truck accessories. Today we are focusing on our WeatherTech floor liners.

WeatherTech makes some of the best automotive floor mats available in today’s market. WeatherTech products are designed using only the highest quality materials and manufactured right here in the United States. What is great about WeatherTech is that they offer four different levels of floor protection for all types of demands. Beginning with the industry changing FloorLiners and semi-custom All-Vehicle Mats, WeatherTech offers a product that will not only perfectly fit your vehicle, but also your budget.

We use WeatherTech mats in our rental fleet of thousands of trucks. Here is why you should buy your next set of WeatherTech floor mats from Premier Truck Rental.

CUSTOM FIT

WeatherTech laser measures every vehicle to protect the front, back and sides of your vehicle’s footwell. This custom fit provides your carpet the best protection, while maintaining a factory-like perfect fit.

WeatherTech mats are not universal. Unlike universal mats, custom floor mats and liners are built specific to your vehicles footwells. Because of the precise fit, they offer more coverage, meaning more protection. Able to handle any type of spill or debris, custom floor mats feature raised edges to contain liquid and keep from leaking onto the carpet.

 

PROTECTS RESALE VALUE

Milage, exterior condition, maintenance history, collision background and its interior condition influence the resale value of your vehicle. WeatherTech mats protect your interior floors keeping your vehicle’s floor stain free and looking new.

DURABLE MATERIAL

Made with a high-density tri-extruded material that is durable, and rigid in strength, while also providing traction to the carpet to keep it from moving once placed in the vehicle. The material is engineered to withstand all temperatures and keep from curling and cracking even in the coldest months.

 

ADVANCED SURFACE CHANNELS

WeatherTech mats feature a system of surface channels designed to carry fluids and debris to a lower holding pool to minimize fluid movement while driving.

 

Call us or stop by today to get your set of WeatherTech mats.

 

Inaugural Employee Golf Outing a Success

The inaugural employee golf outing for PTR Premier Truck Rental was held at Brookwood Golf Course on Saturday, October 6th. The event started off with plenty of excitement as Jamie McFarland won the putting challenge. Leaving the ball just a couple inches outside the hole from a 40′ putt. She was awarded a custom PTR beverage holder for her efforts.  Employees then grabbed a provided lunch from Shigs in Pit as the early afternoon scramble started.

The mixed teams enjoyed the afternoon on the course followed by dinner at the clubhouse and the awarding of various prizes for longest drives, longest putt, and more.

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Tyler Hoghe (left) and Gregg Nix check their putting line as an air liner approaches.

 

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Employees of PTR prepare for the putting challenge. The winner would receive a custom PTR beverage holder.

PTR and STI Announce New Partnership Integrating Rentals and Sales

 

Fort Wayne, Indiana

Premier Truck Rental (PTR) and Service Trucks International (STI) announced today a strategic partnership to provide on-demand commercial mechanic and crane service truck bodies sales and rentals to customers. The companies will collaborate to deliver top-of-the-line work truck solutions to the Indiana and Oklahoma City markets.  These solutions will prove highly valuable as a long-term rental opportunity or a sale to any professional in fleet management or independent contractors nationwide. PTR will serve as Indiana’s only STI mechanic’s truck distributor and fill a much-needed demand for service truck rentals and mechanic’s crane truck rentals in the Midwest.

 

PTR offers nationwide commercial truck, traileramphibious all-terrain rentals and upfits to professionals in construction, power distribution, oil & gas, and renewable industries. Based in Fort Wayne, Indiana and Oklahoma City, Oklahoma, the ability to provide custom upfit solutions to fleets and work truck rental in-house is what separates PTR from the competitors.

Visit www.rentptr.com to learn more.

 

Based in Sioux Center, Iowa, STI manufactures service and crane truck bodies as well as a complete line of telescoping service cranes under the Tiger Crane brand name. Specializing in high quality mobile service products and telescoping cranes, STI strives to meet the needs of operators and retailers of heavy equipment used in mining, equipment rental, heavy equipment dealers, road construction, site prep and land clearing, agricultural equipment, the oil & gas industry and local, state and federal government.

Visit www.servicetrucks.com to learn more.

 

STI_logo
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STI

 

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It’s a Family Thing – From One Generation to the Next

Fort Wayne, Ind. — Operated by a father-daughter duo, Premier Truck Rental knows a thing or two about keeping it in the family. Back in 1971, Jim Lewis’s wife, Vicky, gifted him a Craftsman tool box for their first Christmas together.

As time went on Mr. Lewis became the very first hire by the now President of Premier Truck Rental, Rob Troxel. This Craftsman tool box has been through a lot of projects and was ultimately handed down to Mr. Lewis’s sons, Scott and Kevin. Both of whom were also employees of Mr. Troxel at one point.

The years came and went and it was time to hand the tool box down again to the next generation. Scott would pass on the cart to his son, Brody.  Now working for PTR, Brody uses the family heirloom daily. Bringing the cart back to where it all started.

 

PTR Participates in NIPSCO Gives Back Clay Shoot Charity Event

Bourbon, Ind. — Premier Truck Rental participated in this year’s NIPSCO Gives Back Clay Shoot Charity Event.  The event was held on June 9, 2018 at the Back Forty Sporting Clays campus in Bourbon, IN.  The shoot, promoted as part of the NIPSCO Gives Back initiative, focused on giving back to autism-related charities.

“We had a great time this weekend supporting a good cause for a great customer,” stated PTR Territory Manager, Andy DeLaGarza.  “These guys had to carry me, but we ended up pulling off the victory!”

NIPSCO employees, family and friends organized and planned a variety of fundraising events throughout their service territory. Including, holding a fishing derby at R.M. Schahfer Generating Station, a Family Fun Day, fashion show, flag football game, golf outing, clay shooting and more. Additionally, NIPSCO employees volunteered more than 1,100 hours during the summer in support of nonprofit organizations and Veteran home repair projects.

 

About NIPSCO

Northern Indiana Public Service Company (NIPSCO), with headquarters in Merrillville, Indiana, has proudly served the energy needs of northern Indiana for more than 100 years. As Indiana’s largest natural gas distribution company and the second-largest electricity distribution company, NIPSCO serves approximately 810,000 natural gas and 460,000 electricity customers across 32 counties. Therefore, NIPSCO is part of NiSource’s (NYSE: NI) seven regulated utility companies. Furthermore, NiSource is one of the largest fully regulated utility companies in the United States. Serving approximately 4 million natural gas and electricity customers through its local Columbia Gas and NIPSCO brands. More information about NIPSCO and NiSource is available at NIPSCO.com and www.nisource.com

PTR Premier Truck Rental Clay Shoot for Charity