Providence Capital Funding & Ofer Horn Scammed by Providence Capitol !!! Brea California

Leasing contracts have a variety of different purchase options available.  This client wanted the monthly lease payment that fit their budget.  A lease with a dollar purchase at the end of the lease is significantly more expensive than one that has a "fair market value" purchase.   It is much like leasing a car.  You have a "trade in value" at the end of the lease.  Obviously, if the purchase option was a dollar, then the monthly payments would be much higher.

Everything was clearly spelled out in the leasing agreement that was signed.  The different options were explained, and the payment plan was selected.  This person signed the lease, and the statement "I have read this contract and understand the provisions of this agreement".   We have placed literally thousands of leases and object to this persons statements.

I have the same story as MR. J.S of LA..  I was told My Lease was going to be a $1.00 buy out at the end of the lease By david Lee and that is the only lease op that we talked about... The frist paper work that he sent me WAS a $1.00 but out But something was not right with that one ($ amount i think) and David Lee sent me a new one and i sign it and returned it and 2years later i wanted to pay it off and found out it was Changed to A FMV Lease..

I did talk to a other Lease Co last week that we have some Equip lease through and she told me a FMV Lease is VERY uncomon with this type of equip.. She told Me (qoute) (YOU GOT SCREWED!!)

So YES Never Trust any one from providence capital Thay will try to scam You