Complaint Review: Five Star Capital - San Diego California
- Five Star Capital PO Box 503450 San Diego CA 92150 San Diego, California United States of America
- Phone: 8885764685
- Web:
- Category: Credit Card Processing (ACH) Companies
Five Star Capital Quoting for closed end lease, then claiming the contract is a rental agreement San Diego, California
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Five Star Capital solicited a 3 year closed end lease from us on a Autometrix Cutting machine costing $38213.00, competing against our usual leasing company LFC of Denver. We signed the lease for the 3 years and paid 36 installments
of:$1280.49 which they accepted plus insurance.
Lease Services ACH 110301 0363651655001
Michael Stevens 1,280.49 Total $46097.64
Now they are claiming an additional $15341.83 after the equipment has been fully paid for.
We have had 8 leases with General Electric and LFC leasing on equipment over the last 25 years in business. They have all been closed end leases with $1 buyouts and we told Five Star Capital that is all we wanted and they were competitive on that basis. We signed a one page lease to that effect, now they are suing for the balance.
This report was posted on Ripoff Report on 02/04/2012 05:38 PM and is a permanent record located here: https://www.ripoffreport.com/reports/five-star-capital/san-diego-california-92150/five-star-capital-quoting-for-closed-end-lease-then-claiming-the-contract-is-a-rental-ag-834008. 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
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