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    Dell Business Leasing - Serious Misrepresentation!

    Discussion in 'Dell' started by BobLapman, Jul 21, 2008.

  1. BobLapman

    BobLapman Notebook Enthusiast

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    What a ripoff!

    I got my Dell order all ready to go. I planned to use their Leasing option for this (business) order. The quick estimator predicted, with excellent credit, an effective rate of about 6.5% with the $1 buyout option at end of lease. How can you go wrong with that for a business? I was ready to buy two systems instead of one... such a deal.

    So, my order is ready, I step through the leasing process with my small business name, the rate comes out at more like 8%... with no $1 buyout option, only FMV buyout at end of 30 month lease. I'd been rated as "fair" instead of "good" or "excellent" - "fair" removes the $1 buyout option. OK... my business has limited credit history, it can happen. So I went back through with my personal credit. Same rate. Hmmm... my personal credit rating approaches 800... something is wrong, time to call Dell.

    Call Dell. The put it thorugh with my personal credit and get me the $1 buyout - at a rate of 16%. WTF? Now my $1000 laptop is going to cost me over $1400. I can get better terms on a credit card.

    Short ending... screw Dell and their lying ways. I'm taking my business elsewhere.
     
    BobLapman, Jul 21, 2008
    #1
  2. redrazor11

    redrazor11 Formerly waterwizard11

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    Yea, i've had similar problems because of "Insufficiant credit history"....Since I havn't been on the books for 30 years, with perfect credit, they always "Assume the worst".

    Thats society at its best for ya. goodluck though.
     
    redrazor11, Jul 21, 2008
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  3. Greg

    Greg Notebook Nobel Laureate

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    Google "Dell DFA lawsuit" and you'll get a pretty good idea what's going on.

    Recently NY hit them.
     
    Greg, Jul 21, 2008
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