- Report: #197449
Complaint Review: Northern Leasing Systems - New York New York
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Northern Leasing Systems
132 West 31st Street. 14th Floor New York, 10001-5095 New York, U.S.A.
Phone:
888-275-3251
Web:
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Northern Leasing Systems machine rip off! Company leasing machines for ten times the cost to buy! No early termination agreement New York New York
I am a new business owner and needed to set up a merchant account to be able to accept credit card payments. My bank, Washington Mutual, referred me to a third party company called Global Processing Systems. Global Processing had me sign a lease agreement with Northern Leasing Systems Inc that was supposed to allow me to lease the machines up to 48 months.
When I tried to cancel the lease for various business reasons, I was informed that I would have to pay approximately $4000.00 to cover the full term of the lease. I asked if there was a payoff amount, they told me "no". After doing extensive research, I found out the point of sale machine only cost $399.00 to purchase. I was baffled out why it would cost 10 times the amount to lease equipment that I could buy. CONSUMERS BEWARE! Don't use this company; if you need a point of sales machine just buy one. I wish I was told that to begin with.
Tekla
Elk Grove, California
U.S.A.
When I tried to cancel the lease for various business reasons, I was informed that I would have to pay approximately $4000.00 to cover the full term of the lease. I asked if there was a payoff amount, they told me "no". After doing extensive research, I found out the point of sale machine only cost $399.00 to purchase. I was baffled out why it would cost 10 times the amount to lease equipment that I could buy. CONSUMERS BEWARE! Don't use this company; if you need a point of sales machine just buy one. I wish I was told that to begin with.
Tekla
Elk Grove, California
U.S.A.
