Tuesday, 25 August 2009

Lease Scam Number 1 - 11+2 make 12

OK, so you want a three year lease? Check your payment schedule. Mr Unscrupulous Copier Salesman may have decided to have a little fiddle here, too. Payments are normally quarterly, and a 3 year lease is 12 quarters. Why then, does your contract state that payments are 2 in advance, followed by 11, making 13?


[My story: I ran a project that resulted in £250,000 of liability in contracts that contained terms that, whilst legal, were grossly unfair. If you want more advice for free call me on 07872 916618]

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