Report: #612507

Complaint Review: FIVE POINT CAPITAL EQUIPMENT LEASING

  • Submitted: Thu, June 10, 2010
  • Updated: Wed, June 23, 2010
  • Reported By: jlb — Parsonsburg Maryland United States of America
  • FIVE POINT CAPITAL EQUIPMENT LEASING
    10525 Vista Sorrento Parkway 3rd floor
    San Diego, California
    United States of America
  • Phone: 888 576 4685
  • Web:
  • Category: Loans

FIVE POINT CAPITAL EQUIPMENT LEASING Fraudulent Sales Practices San Diego, California

*Author of original report: Five Point Capital - Righting a Wrong

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

Don't Do Business With This Company !!!!


Five Point Capital uses the Bait and Switch tactic.  They are a leasing


company and verbally promises a $ 1.00 buyout at the end of the lease. But in


the contract they actually keep the equipment and in order to get it at the end,


you have to pay fair market value of the equipment. 


 If you choose not to purchase it then you have to pay to have the equipment returned to them.  Talk about a slap in the face.  In the end, you are actually paying


100% markup on the original price of the equipment. 


There was never once a choice of the Fair Market Value buy out or the $ 1.00


 buyout - We questioned several times about the $ 1.00 buy out and it was


always confirmed that it was their policy. 


 

Is this Ripoff Report About you?
Ripoff Report A business' first line of defense on the Internet.
If your business is willing to make a commitment to customer satisfaction Click here now..

Does your business have a bad reputation? Fix it the right way. Corporate Advocacy Program™

Set the record straight: Arbitration Program

SEO Reputation Management at its best!

This report was posted on Ripoff Report on 06/10/2010 08:03 AM and is a permanent record located here: http://www.ripoffreport.com/reports/five-point-capital-equipment-leasing/san-diego-california-92121/five-point-capital-equipment-leasing-fraudulent-sales-practices-san-diego-california-612507. 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!
Also a victim?
Repair Your Reputation!

Updates & Rebuttals

REBUTTALS & REPLIES:
1Author
0Consumer
0Employee/Owner

#1 Author of original report

Five Point Capital - Righting a Wrong

AUTHOR: jlb - (United States of America)

We have been in contact with the CEO of Five Point Capital and discussed our problem with the company.  He agreed to honor the $ 1.00 buy out that was promised us during our leasing processes.  We received the paperwork today and will return it to him asap.

Mr. Wells is an honorable man and has worked diligently with us to right the wrong.

Any one who feels that they have been duped is advised to call and discuss their individual problem directly with them.

Respond to this report!
Ripoff Report Recommends
ZipBooks Accounting Software

Advertisers above have met our
strict standards for business conduct.