Quote:
|
Sucks. Is the $1 buy back spelled out in the lease papers?
|
Since the leasing sales guy and the equipment sales guy were both pitching the $1 buyout to me, I (foolishly) assumed it was spelled out. My attorney says it wasn't spelled out in this case, but since we have two witnesses to the original transaction that are willing to be deposed in my favor, we may have a small chance of success.
I guess the bright side is that I'll never make that mistake again.
The thing is, this equipment manufacturing company and this leasing company do loads of deals together. From what the equipment guys tell me the $1 buyout is the way it's always done. I think that's why they're upset about this; they feel it's a bad reflection on them.