I recently, had a lease about to expire from CIT Financial. I contacted them about 3 weeks before the lease was to expire left several messages about wishing to return the equipment and know one ever returned my calls. When I finally got a hold of someone I was told since I hadn't given them 90 notice I would owe them 4 more payments, I asked why 4 I have already made 24 and my lease has not expired yet, He just said since I hadn't given 90 days notice that was how much I owe to return the equipment and it was not negotiable.
When I asked for the address to return the equipment, I was told they would not provide me with that information until they had received the payments for the additional 4 months. I guess to me a 24 month lease is just that. If I don't return the equipment then I should be billed, but they won't allow me to return it. After reviewing some of the other complaints on this site it seems to be a fairly common practice to take the customer for as much money as they can. As recommend I have filed a complaint with the FTC. As for now I'll pay the additional amount and if there's ever a class action lawsuit filed I will be the first in line.
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