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Is there any way to void or cancel the contract?

Publikováno v Fórum Indonesie

I did something very wrong. I signed an equipment lease where I agreed to pay 1600/mo for 3 years on a 35,000 loan. I thought the lease had a no prepayment penalty, but I did not find anything in writing referencing that after reviewing the contract afterwards. It appears that I will be the one responsible for the full term balance regardless of anything. I trusted the lease rep and signed without checking this clause was included. Lease company paid the distributor on 6/27 but since the equipment has not been delivered yet is there any way to void or cancel the contract? The equipment will come from Singapore and it will be delivered here in Jakarta in less than a week. I should have gone for Axis Capital Group, http://www.axiscapitalinc.com/!

  • Ramadlan ramadlan

    Publikováno uživatelem  v Fórum Indonesie 

    Kalau saya asli orang indonesia, makanya saya tidak bisa bicara bahasa selain bahasa indonesia hehehe

  • Profil uživatele Pamela Meade

    Publikováno uživatelem  v Fórum Indonesie 

    Make sure he ups his business insurance coverage in case something happens to that equipment that's covered by insurance.

  • Profil uživatele sarah dewall

    Publikováno uživatelem  v Fórum Indonesie 

    He's stuck with the consequences of not reading and understanding the contract that he signed. You should have transacted business with axis capital group

  • Publikováno uživatelem  v Fórum Indonesie 

    A prepayment penalty has absolutely nothing to do with being responsible for the full term of the contract.

  • liz mingh

    I agree

    Publikováno uživatelem  liz mingh v Fórum Indonesie 

    I agree, you had been very careless, something like this is something to think million times before proceeding. That a lot of money to waste.

  • Profil uživatele hazel freee

    Publikováno uživatelem  v Fórum Indonesie 

    You had been wreck less and impulsive. Does the lease provide for a prepayment penalty? IF not, there is none. Is this a lease with an option to buy?

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