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Is it fair? Lease Finance

03-Dec-2012 |  Comments

Would you sign for a brand new sofa, delivered by two grubby herberts with an iffy van, if you had not checked it over for rips, scuffs and problems?  Would you sign for it before it had even left the warehouse?

Yet the photocopier equivalent of signing to say you are delighted with your lovely new leather sofa while it is still in the shop is exactly what happened to one of our clients who’s supplier arranged their leasing via a broker from Wimbledon, SW19.

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When is an Agent, not an Agent?

15-Nov-2012 |  Comments

Scenario: You are approached by a sales company with a super duper, new fandangled photocopying, telephone franking machine, wotsit, thingy, doodah, it costs just £20,000.00, “but you sir, you can have it for just 20 pence per week on a 10 year lease if you sign my order now!”, says the salesperson. “We will also arrange a lease for you so you don’t interrupt your cashflow and you can take delivery on Monday of last week!”

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Laser printer: £320.00 + VAT, 12 months parts and labour cover: £44,000.00 + VAT

31-Oct-2012 |  Comments

A School in the South East were advised that individual printers would work better for them than a centralized printing facility. An office equipment dealer arranged a finance lease for 47 printers on their behalf, including cabling and installation.

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