quote:Originally posted by CashGap:quote:Originally posted by JasonR:quote:Originally posted by Art Post:
Do you think the letter to Great America would help?
There's always a chance he'd be willing to make a horrible business decision for some PR reason.
Marketing aside... no chance.
Agreed.
The client (is it a municipality?) either took a risk knowingly "Eh, flood insurance, who needs it" or unknowingly (incompetence). They now have a loss.
But, this is the trend... I made a bad decision, is there someone with the last name ", Inc." who can be coerced or compelled to pay the bill?quote:Originally posted by fisher:
The leasing company is now after them for thestream of payments plus the residual value of the equipment. Think about this.....the leasing company funded $8,000 for the deal and a month later when the equipment was destroyed they want $12,500 from the customer.contracted obligations to which the customer agreed.
Fixed that for you...
So, do you think it would be ethical for the leasing company to go after full stream of payments plus residual in the case I described??? I don't begrudge the leasing company a fair return on their outlay of money but to want the full stream plus residual 4 weeks after funding is excessive. That's making 40% interest on their money for a one month investment. Would you be happy as the leasing partner???? I doubt it. Keep in mind your reputation as a salesperson is attached to how your leasing partners treat the customers.
Imagine if you had a mortgage on a new house and your house burned down a month after settlement. Would it be ethical and reasonable for the bank to go after you for the 30 years worth of interest and principal?
Just trying to do the best I can for my client.