CIT Lease Finance Co
CIT Lease Finance Inadvertantly signed a 48 month non-cancellable lease for equipment. The equipment is worth about $350.00 but after paying off the lease I will end up paying about $4000.00! What a complete rip off

As the owner of a brand new business I had no idea what credit card processing equipment cost. I signed on with Cardservice International for my c/c processing, they set me up with the equipment. They sent me a 48 month non-cancellable lease which we signed not realizing the implications.By the time we are fininshed paying this lease we will have paid $4000.00 for equipment that is outdated and I could buy right now for $350.00. How can this possibly be legal???

I understand that I should have investigated it more, buy this is ridiculous! Even after I pay the 48 months of payments I either have to send the equipment back or pay it off. So disappointing!!! Something should be done so that other unsuspecting individuals won't be ripped off like this!!

Company: CIT Lease Finance Co
Country: USA
State: Illinois
City: Chicago
Address: 233 North Michigan Ave Suite 1800
Phone: 3129805600

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