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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Moore v. Ford Motor Credit Co., 778 S.W.2d 657 (1989)

Citation
Moore v. Ford Motor Credit Co., 778 S.W.2d 657 (1989)
Parent Document
Moore v. Ford Motor Credit Co., 778 S.W.2d 657 (1989)
Jurisdiction
Kentucky (state)
Effective Date
1989-10-20

Other Sections in This Document (35)

Full Text

809 chars
The appellant, Charles Moore, has appealed from the summary judgment of the Laurel Circuit Court in this action for damages due to his default on an automobile lease. Moore leased the vehicle, a 1984 Ford Escort automobile, from Paducah Ford, Inc., by execution of a form entitled “Net (Closed End) Lease, Purchase Option” on March 9, 1984. The lease contemplated, with disclosure, immediate assignment to the appellee, Ford Motor Credit Company (Ford Credit), and it was so assigned. The lease provided for a total of 48 monthly payments of $158.44 ($7,605.12 over the entire lease period) and contained an option allowing Moore to purchase the vehicle at the end of the lease for $3,200. In the assignment to Ford Credit, Paducah Ford agreed that the “lease-end residual value” of the vehicle was $2,996.59.