Thomas & Sons Lease Program, sound good?

I talked to a guy I know yesterday who is a lease op at Thomas & Sons Distributors in Coos Bay, OR.

He told me the sales/recruiter called him and offered him a new (basic) 2017 KW T680 w/auto. Here's the essential terms:
1. $2,500 down.

2. $2,500 a month payment for 60 mos.

3. $30,000 residual at the end of 60 mos.

According to my calculations that ends up costing that guy $182,500.

He told me he's already been paying $2,000 a month for over 2 years on another one of their trucks and will essentially get nothing for it when he trades it over to the new KW.

Sounds like a good deal, eh?

 

You'd jump on a $182,500 deal?

Last I heard, C.H. Robinson had undercut them on a particular lane in California. Now that I'm on my own, I negotiate rates on loads that are better than those heavy a s s loads out of Irwindale all the time that are often half the weight.

 

Yeah, that's why I included the smiley face

 

Those days are gone. T&S is just another run of the mill corporate style entity.