Lease Question

[Filippo]

Why do you need to pay when returning a leased plane?

Shouldn't the lessor be happy if you return the plane before to him?

Thank-you

[Sami]

You have to pay because you are terminating a contract before its normal due date. ie. a penalty.

[MattDell]

No, because the lessor is expecting payment from you every month from the start of the contract to the end of the contract.  If you terminate the lease 6 months before the contract, he would be missing out on 6 payments from you.  Therefore, you have to pay a penalty to make up for the payments the lessor misses out on.

-Matt