Our company leased a phone system (Comdial) through Marlin Leasing Corp - what a mistake! We could have leased the system through American Express or some other reputable financial services company, but we just took the deal that the vendor quoted us, because it was convenient. Marlin's interest rate was high but that was just the beginning: it was a 5-year lease and long before the lease came to an end the equipment was obsolete! We first asked Marlin if we could end the lease early - you know, negotiate a buyout or early-termination fee, etc..., but they flatly refused: pay the whole 60 months or else. So we asked them if we could pre-pay the lease (all payments due) and return the equipment early, just to get rid of it and move on. Same answer - NO! So, we had to pack up the whole system and store it, making monthly payments, until the last payment was made, the whole 5 years.
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