Quote:
Originally Posted by Eric Coffey
Rather than spend (waste?) money on attorneys, why not just return the equipment, collect your deposit and find another source for what you need?
I'm guessing your situation is a bit more complicated than you describe, but at the end of the day, I would not want to conduct any business with a company trying to screw me over. YMMV.
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Because when he analyzed and priced the lease, he took into account that he could buy the equipment for $1 at the end of the lease term.
Based on that, he agreed to make monthly payments that were much, much higher than he would have made, if he had known there was no $1 option.
Essentially, he made payments in amounts assuming that he was BUYING the equipment.
So yes, he could return the equipment and walk away, but by doing that, he's been screwed.