When Ryan Levelle graduated from college three years ago, he really wanted a fully equipped Honda Civic. His monthly payment would be about $350 per month, about $70 more than he could aff ord. So that Ryan could meet his budget, the dealer suggested that he lease the vehicle and off ered a 42-month lease option at $270 per month with a driving maximum of 12,000 miles per year. The contract had a $0.30 per mile fee at the end of the lease for any excess mileage. Now, with six more months on his lease, Ryan is already 1500 miles over the 42,000 (3.5  12,000)

mileage limit in his contract. What is Ryan’s best option at this point?

A. Turn back the vehicle now and pay the $450 (1500  $0.30) for excess mileage.

B. Try to cut back on his driving to minimize his excess mileage fee, which could be higher than $2500 if he keeps driving at the same rate as he has been.

C. Stop driving the car and pay $450 for excess mileage when he turns it back at the end of the lease.

D. Continue driving the vehicle and buy it at the end of the lease by paying the residual value agreed upon when he entered into the contract.