Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #1034814

Complaint Review: CIT Lease Financing Group - Middletown Ohio

  • Submitted:
  • Updated:
  • Reported By: Oceanside California
  • Author Not Confirmed What's this?
  • Why?
  • CIT Lease Financing Group 233 North Michigan Ave, Suite 1800 Middletown, Ohio U.S.A.

CIT Lease Financing Group ripoff Middletown Ohio

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

I was also burned by this company which seems to be a very frequent complaint. Essentially, this company has a leasing program for credit card swipers, mine was a Trans330.

They called it the lease-to-buy program and they prey on new business owners. They lock you into a 48 month lease for apprx $36/month. If you do the math, that comes out to about $1700. After the lease you can purchase the equipment for a couple hundred dollars more. This is not a deal b/c you can buy a new one for about $300. I found a used one for $40. You cannot get out of the lease for any reason without paying a hefty fine of over $1000.

Their excuse for such a pricey lease comes down to warranty information and how they "stand by their customers".

Ted
Oceanside, California
U.S.A.

This report was posted on Ripoff Report on 08/04/2004 01:54 PM and is a permanent record located here: https://www.ripoffreport.com/reports/cit-lease-financing-group/middletown-ohio/cit-lease-financing-group-ripoff-middletown-ohio-1034814. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now