Hey Guys, I need someone to tell me if they've ran into this equipment payment schedule before and if so how does it work and is it a scam?
I have a few customers who recently switched companies and signed up for a new lease with this other company. Here's the structure.
This company targets Churches from what I've seem and they talk the board member into signing a lease that is way more then a normal payment.
Ie; My quote could be $200 and there's will be $400 for the same equipment and setup. The reason they are signing with the competitor is because they pay back 100% of the lease payment each month as a donation. How could a company survive not making any money!
The only thing I can tell is that this company is in financial trouble, need cash flow and they are doing so by convincing the Churches to sign for a lease that is way over inflated and using the capital too pay immediate bills.
If this company goes bankrupt the customer (Church) is stuck with a HUGE inflated lease for the remained on the lease term with no one to service their machine. GREAT DEAL! NOT!
Can anyone shed light on this for me?
Greatly Appreciated
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