AirwaySim

General forums => General forum => Topic started by: Filippo on December 10, 2009, 09:24:14 AM

Title: Lease Question
Post by: Filippo on December 10, 2009, 09:24:14 AM
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
Title: Re: Lease Question
Post by: Sami on December 10, 2009, 11:35:31 AM
You have to pay because you are terminating a contract before its normal due date. ie. a penalty.
Title: Re: Lease Question
Post by: MattDell on December 10, 2009, 03:37:41 PM
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