Default Leasing Terms
Most recently, I am leasing a car leasing service. but I was partly deceived because I had come twice to meet at their office on Toronto Street before concluding a leasing agreement, the first time to write a leasing application, the second time to agree on a more favorable interest rate, which was slightly reduced. I was not told for the first two times that 10% of the loan amount would be added to the principal amount to be borrowed and the contract would state how the contract was executed (this year). «On the roof they are 540 USD). I paid 80USD for the execution of the leasing contract on the spot, which I knew about, but 540USD was not added to the principal amount at any of the first meetings, nothing was said about it, it was omitted and entered into the contract when the car had already been viewed and the contract was signed at the last moment. In this case, if I had known, I would not have agreed to the following terms of the car leasing contract, even on the day of concluding the leasing contract I was only told that these 540USD were included % in payments, but now looking properly at the contract and payment schedule I see that this amount is not at interest, but at the principal amount. Because it is now fulfilled, if you want to sell a car or repay the amount of the lease loan immediately, you have to return 540USD more than on the loan and only when I have made the lease payment 10 months from the beginning of the next month to repay the real principal amount borrowed. And the leasing interest is also calculated both from the principal amount of the loan and the 540USD added. If you had known about this for the first time, you would never have a car lease with this company. I recommend that you be careful and do not contact this company to arrange a car lease.
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