Preferred Lease - Capitalwerks
Ripoff takes money for leases and doesn't complete or return 1st & last payments

Preferred Lease and Custom Built Systems (CBS) entered into an agreement on June 13th. CBS wanted to lease $39,074.20 of Hon furniture. CBS received a 7 page fax spelling out the terms of the lease. We signed and faxed back all pages of the lease and Airborne Expressed the paperwork also. One of items required was a check for $2,949.24, which was for the 1st and last months payments and a $250 UCC filing fee.

The check was cashed on June 17th. All was quiet until July 22nd 2002 when I received a FEDEX envelope with a new lease. The original term of the lease was for 36 months at $1,349.62 which comes out to $48,586.32. The new lease was for 48 months at $1,232.47 which comes out to $59,158.56.

The 1st problem wasn't the $10,572.24 of additional cost, but the length of the lease exceeded the time agreed to. So, we rejected the lease and called Preferred Lease to ask that they honor the original lease or return the deposit.

They said NO!

We were told that we weren't getting any of our money back! On July 26th my lawyer wrote a letter withdrawal of lease offer and demand for return of funds previously tendered with no response! So now Custom Built Systems will be Suing Preferred Lease for the return of funds.

During a phone conversation with Rob Kalinowski (Preferred Lease) I was told that he worked too hard on this and that I wouldn't get back any of my money. Our response was that we never agreed to the 2nd lease, and since they couldn't honor the 1st lease, what was the basis for them keeping our money. He, Rob Kalinowski, started to yell at me on the phone, insisting that I didn't give him enough of my financial information so this was the best he can do! We even called Quinton Berry, the principal contact according to the Better Business Bureau (BBB), and only sent into voicemail.

We still haven't received a response! I suggest you check the BBB web site to see they're propensity to commit this kind of act.

Company: Preferred Lease - Capitalwerks
Country: USA
State: California
City: Santa Ana
Address: 5 Hutton Centre Dr., Suite 1200
Phone: 7142107400

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