Goldstein v. Aleet Leasing Associates II (In Re Spangler)

FRANK A. KAUFMAN, Chief Judge.

In August 1981, Ronald L. Spangler entered into a lease with Aleet Leasing Associates II (Aleet) for the rental for a term of fifty-eight months of a 1981 Rolls Royce Silver Spirit, an automobile purchased from, and delivered in Maryland to Span-gler, by Gladding Rolls Royce (Gladding) of Glen Burnie, Maryland. At the same time, the parties executed a separate rider to that lease pursuant to which Spangler obtained an option to purchase the Silver Spirit for $17,620 at the end of the lease term, provided Spangler was not at such time in default under the lease.…