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What do you think Alix should have done

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Question - Alix realized that her car was facing some serious maintenance issues, and she decided to lease a new car. The monthly lease payment was $499.35, and she was allowed to drive 15,000 miles per year with extra miles charged at $0.25 per mile. After 18 months, however, Alix began to tire of the large monthly payments. he went back to the auto dealer to explore ending the lease early. The dealership told her that to end the lease, she must pay $7,350. Alix only had two real choices: buy the car outright, or continue the lease for its three-year term. Ending the lease was not a financially attractive option.

What do you think Alix should have/could have done? As His friend, what advice would you give Alix now?

Reference no: EM133100699

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