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Thread Index RE: [isp-wireless] lease company
Thanks, Travis. I have passed this onto our finance guys. Rudy -----Original Message----- From: Travis Johnson [mailto:tlj@...] Sent: Wednesday, July 02, 2008 9:53 PM To: isp-wireless@isp-wireless.com Subject: [isp-wireless] lease company Hi, As someone who has done over 50 equipment leases over the last 10 years, I would like to share my experience with one. Business Direct Capital seemed very promising, and had good rates. Even their "quote sheet" that they made me sign looked good, except it was missing the "type" of lease ($1 buyout, 10% buyout or FMV). I wasn't worried as Rick there seemed like he was on the ball. I had emailed him saying I wanted $1 buyout (that's how we do ALL of our leases). Two days later when the "real" lease documents show up, the lease numbers were correct, but the "type" of lease was 10% buyout (thus raising the interest rate by 3%). After several emails back and forth, I decided it was going no where and found another company (one that Rick had no problem bad-mouthing). They completed a new lease in less time, at a better rate (Taycor Financial, Drew is the contact). Now today I am getting an invoice from Business Direct Capital for 15% of the original total lease amount as a "fee" for not completing the lease. Of course, we will not be paying it and will have no further contact with them at this point. This is just a "heads up" about Business Direct Capital. Stay away. There are plenty of other good leasing companies that don't try and pull a "fast one" on people like they tried here. Travis Microserv To unsubscribe via postal mail, please contact us at: Jupitermedia Corp. Attn: Discussion List Management 475 Park Avenue South New York, NY 10016 Please include the email address which you have been contacted with. Copyright 2007 Jupitermedia Corporation All Rights Reserved. To unsubscribe via postal mail, please contact us at: Jupitermedia Corp. Attn: Discussion List Management 475 Park Avenue South New York, NY 10016 Please include the email address which you have been contacted with. Copyright 2007 Jupitermedia Corporation All Rights Reserved.
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