Integrated Leasing Lease versus own and cancelling contract NY New York

When we started our business, our bank gave us a name of a rep to handle our creditcards. He was with Sterling Payment systems and signed us up with Integrated Leasing.

Our rep stated we owned the machine, according Integrated Leasing, we are leasing it and even though the lease amount paid is now $4200 paid, the machine cost is $227.50. One would think that when the price for the lease could puchase 18.5 additional machines, they would allow us to be paid in full.

No this is not the case. They are sending us a copy of the lease they have stating this.

Anyway, buyer beware, I have emailed and faxed several times without a response and after being on the phone for 4 hours to get customer support, I finally got through.

We are returning the machine otherwise they stated they have the right to keep debiting our account.

We have moved on to another company and machine.

Jpeevey
austin, Texas
U.S.A.