Genesis Commercial Capitol
17551 Gillette Avenue
Irvine California 92614
United States of America
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Genesis Commercial Capital GeNESIS Capital Leasing I do not know what the outcome will be, but I, too, have been the victim of "bait and switch" tactics by this company. Irvine, California
*UPDATE by author: No luck with this Company
3Author
0Consumer
0Employee/Owner
After numerous attempts to contact anyone at this company about our lease, including the "smooth-talking" sales representative that got us into this deal, we have had absolutely no luck. No on ever calls us back. (With the exception of the original salesman, Mr. Tony Craig, who simply says he cannot help us, and more recently when I tried to talk to him, actually called me and my wife a liar). Not very conducive to good customer relations.
We were trying to find out what our buyout costs would be as we were approaching the end of our three-year lease. During the original conversations, I was told we have a choice between a $1 buyout, or a percentage, which Mr. Craig said would be around 3-5% of the original cost of the items. In my latest conversation with him, he now tells me that it will be FMV for the buyout. I would NEVER have agreed to a FMV buyout! I went back and looked at the agreement we signed, and sure enough, it does indeed say FMV! I admit I had not noticed it before, assuming these people to be honest and dealing with me in a fair manner. Unfortunately, that is not the case. In my view, this is a clear case of "bait and switch".
Additionally, as others have stated here about this company, we never received any final paperwork from them. Never.
I do not know at this point what the final outcome will be, as I cannot get anyone on the phone to talk to, and responses to numerous messages I have left have gone unanswered. So, it is possible that we may come to an amicable settlement. I just don't know.
I would say to anyone considering this company for a lease, be careful, and read everything, including the fine print before you sign. I simply do not know if these people are trustworthy.
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REBUTTALS & REPLIES:
3Author
0Consumer
0Employee/Owner
Updates & Rebuttals
#1 Update By Author
AUTHOR: Gene in Calfornia - Valencia (United States of America)
SUBMITTED: Tuesday, November 22, 2011
POSTED: Tuesday, November 22, 2011
I finally sent a letter to Genesis Capital, and I received a phone call. When I asked why no one ever called me back, he simply said that he, (they), had not received any messages from me. OK. So, if I give these guys the benefit of the doubt, it is certainly possible that their phone system is not working correctly.
Currently, I am talking to them, and they appear to be willing to try to find an equitable solution to my particular situation. Now that I finally have contact with them, and they appear willing to settle my concerns fairly, one cannot ask for more than that from any company.
I will post an update once I have a final outcome.
#2 Update By Author
AUTHOR: Gene in Calfornia - Valencia (United States of America)
SUBMITTED: Friday, February 10, 2012
POSTED: Friday, February 10, 2012
Well, I have been trying now for several months to get somewhere with these people, and nothing has worked. They simply want to yell at you on the phone, harass you with emails and phone calls, and now letters, but they simply refuse to talk to me in a civil manner and try to resolve the dispute. They have called me, and my wife, a liar.
The only way I could get them to stop the harassment was to first send them a cease and desist letter, start recording the telephone calls, and then to get my attorney to send them a letter.
If you look at the BBB web site, you'll find that they claim they have wonderful customer service. My experience with them is quite the opposite.
Based on my dealings with them, it is my considered opinion, that no one should ever do business with this company.
Since, on the BBB web site they claim they are trying to negotiate an equitable settlement with me, (which is simply not true), I at least have them on record saying that this is what they want to do.
I am not optimistic that I will ever be able to settle with this company.