I was told by 3 different representatives that the interest rate for the lease I was applying for was 8% and that at the end of the lease, I would be able to purchase the equipment for $1. The interest rate for the lease agreement that was e-mailed to me was 25% and there was no provision for purchasing the equipment for $1 at the end of the lease.instead, the lease document stated that I could purchase the equipment at "fair market value" at a value determined by Direct Capital.
Each time I pointed out discrepancies, the company would send a new lease agreement for an amount that exceeded the original.
The company's rating with the New Hampshire BBB substantiates all of the claims I have made here.
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