708-467-7181     16425 Van Dam Rd., South Holland, IL 60473

 

The year was 1939. T.A Peterman leaves the logging industry after finding an interest in buying excess trucks from the Army and rebuilding/improving them for heavy hauling. He bought a failed Fageol Motors, turning it into, well you guessed it, Peterbilt. The first few truck models that Peterman came out with were Model 334 and Model 260. Both of these were known for their all-steel cab. When WWII started, Peterbilt focused on bringing their expertise in trucking to help out their country by creating Model 364, which was known for being a dependable workhorse. T.A was unfortunately only able to enjoy his success for five short years until he passed away in 1944; a year before the war ended. His wife sold the company to a handful of managers.
Once the war ended, Peterbilt had new goals to reach.

1954 comes and introduces Model 351, becoming the longest production in Peterbilt history! It was then that the Peterbilt’s Red Oval logo was made. It was in 1958, that the Pacific Car & Foundry, who later changed their name to PACCAR, purchased Peterbilt, starting a relationship that has lasted for 60 years (and still going).  The 1960s was a period of innovation for Peterbilt. One of the biggest changes was Model 352. The 352 switched to a lightweight aluminum cab and had a 90-degree tilt UniLite cab. The next big addition was made on Model 358 with the addition of the Peterbilt bird hood ornament.

 

Depreciation
When you buy a brand-new semi, it depreciates in value as soon as you drive it off the dealer, just as a new car does. And most of the depreciation that follows happens within the first months.
When you buy a used truck that's been "around the block" for several years, depreciation no longer becomes a real issue, making your investment in a used truck much more solid. In fact, used models hold their value as time goes on, more so than a new truck does.
This becomes a huge advantage when it comes time to sell, particularly if you have to sell soon after buying; you won't take as much of a monetary loss as you would when trying to sell a new truck.  
 

 

Thinking about pushing your buying decisions into 2020? Consider the benefits of receiving this year’s bonus tax depreciation if you purchase a used semi truck before year-end.
The Tax Cuts and Jobs Act, signed on December 22, 2017, greatly enhanced bonus depreciation opportunities available to businesses in the market to buy equipment. In 2019, taxpayers can elect a 100 percent bonus depreciation deduction under either IRC Section 179 or 168(k).

Bonus Depreciation
When your business typically purchases equipment items, it can write those items off a little at a time through the depreciation. There were two enhancements under 168(k) that were not previously available or within Section 179, which are:
There is no dollar limit on the amount of property you can purchase that can qualify for the bonus depreciation.
This deduction applies to both new and used equipment. We have a great selection of used semi trucks.