- Report: #1159816
Complaint Review: why not lease it - Manchester New Hampshire
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Author Not Confirmed
Why?
why not lease it
1750 Elm street suite1750 Elm Street Suite 1200, Manchester, 03104 New Hampshire, USA
Phone:
603-665-9000
Web:
whynotleaseit.com
Categories:
Business Rating:
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why not lease it Deceptive advertising , Kmart advertised this as a lease to own program, they never told me that the amount I pay for the lease bi weekly does not come off the total owed , and the buy out price only goes down by like 2.00 a month. And if you go to the end of the lease they make you return the product even after you have made payment that total three times the cost of the product. Manchester New Hampshire
I went to Kmart because of an add I had seen for a lease to own program they were doing , I purchased a 500 dollar computer , paid 89 dollars down plus one payment of 33.00, they told me they would continue to take 33.00 every two weeks for 5 payments out of my account, the kmart employee never told me that I would have to buy out the product for over 200.00 after the five weeks . What he said was I would have the oportunity to buy out the product after five payments or continue to lease until it is payed off, well that is not how this program works you continue to lease and non of the money you have paid goes toward the balance of the total price. You could pay the bi weekly payment until the end of your lease then are forced to either return the item of pay a large amount to buy it out. At this point in time I have paid more than triple what the value is of this item, and if I buy it out now it will end up being more than 5 times the value. How is this right that this company can get away with doing this ??? They way they set up this payment schedule is confusing to people and you end up paying for months before you realize you are not getting any where with the payments
1 Updates & Rebuttals
Tawny
south jordan,Utah,
I feel your pain
#2General Comment
Thu, July 10, 2014
They did the exact same thing to me.
Im hoping as soon as people start figuring this out there will be a class action lawsut!!
