On May 13, 2012 at 22:53, Ernie Gilman said...
Sure it makes sense. Your buddy signed the contract, drove that many miles, and had the choice at any time to drive less or get rid of the vehicle, paying whatever the penalty would have been at that time.
It makes sense to honor your commitments. It makes sense for an auto dealer to structure a lease so that it will be more attractive to the lessee to take the vehicle off their hands at the end of the lease then for them to have to clean it up and sell it. I don't like it either, but it makes sense.
Sorry Ernie, when I said "does that make sense?", I wasn't asking if it was right or wrong, just if my statement was easy to understand.
Both I and my buddy agree that him buying the vehicle was the right thing to do.
I wasn't suggesting that my buddy should have somehow get out of paying penalties, rather that he made a calculated decision to purchase the vehicle based on the mileage he racked up.
This was a follow up to Brendon's statement about re-leasing the van down to $1, and my initial question was if the dealer will even let him do that, since the miles he's got on the van will potentially be so much more than the 15K a year allowance.