- Report: #1034814
Complaint Review: CIT Lease Financing Group - Middletown Ohio
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CIT Lease Financing Group
233 North Michigan Ave, Suite 1800 Middletown, Ohio, U.S.A.
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CIT Lease Financing Group ripoff Middletown Ohio
I was also burned by this company which seems to be a very frequent complaint. Essentially, this company has a leasing program for credit card swipers, mine was a Trans330.
They called it the lease-to-buy program and they prey on new business owners. They lock you into a 48 month lease for apprx $36/month. If you do the math, that comes out to about $1700. After the lease you can purchase the equipment for a couple hundred dollars more. This is not a deal b/c you can buy a new one for about $300. I found a used one for $40. You cannot get out of the lease for any reason without paying a hefty fine of over $1000.
Their excuse for such a pricey lease comes down to warranty information and how they "stand by their customers".
Ted
Oceanside, California
U.S.A.
They called it the lease-to-buy program and they prey on new business owners. They lock you into a 48 month lease for apprx $36/month. If you do the math, that comes out to about $1700. After the lease you can purchase the equipment for a couple hundred dollars more. This is not a deal b/c you can buy a new one for about $300. I found a used one for $40. You cannot get out of the lease for any reason without paying a hefty fine of over $1000.
Their excuse for such a pricey lease comes down to warranty information and how they "stand by their customers".
Ted
Oceanside, California
U.S.A.
