Lease Finance Group LLC charges way too much money for these leases and is deceptive in how much you will pay and how you cannot get out of the lease.
I pay $69.99 x 48 months
I have seen others pay $49.99 x 48, $79.99 x 48, $129.99 x 24, $99.99 x 48.
Total of payments for me would be $3851 with fees.
I bought a small store in Jan. I took over the credit card machine and service from previous owner. We did a sub-lease agreement with Lease Finance Group LLC (LFG LLC) and was told that I am only sub-leasing and original owner is responsible for payment if I default. The lease was 44 months at $69.99 plus taxes and fees ($80.24 mo.).
It has been 14 months and I sold business but new owner has his own machine and service. I call LFG to ask what to do and they say I need to pay $2350 and send machine back or $2760 and keep machine. I tell them what was told to me about previous owner responsibilty and they say I am fully responsible per contract. I re-read small print in contract and it looks like they are correct. I now realize I have made a big mistake.
I have looked at my paperwork (sub-lease agreement and application) and I don't see any statement on top that says it's a non-cancellable lease. It's buried in small print in agreement. I also do not see any grand total of payments listed, just the monthly
I say this because I have seen rebuttals that say we were fully informed - not true. I think car leases and rent to own furniture would have this stuff written but these credit card machine leases do not. The salesman does not go over the numbers, just wants you to sign.
I have tried to renegotiate lease but they will not accept anything less.
I have filed a complaint with BBB, Illinois Atty General and FTC.
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