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Is there any way to void or cancel the contract?

Şurada gönderildi Endonezya forumu 03 Jul 2014, 06:16

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/!

 Chuck Elmore

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  Buat Orang Indonesia

  Şu kişi tarafından gönderildi  Ramadlan ramadlan : Endonezya forumu 15 Sep 2014, 20:46

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

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  Make sure he ups

  Şu kişi tarafından gönderildi  Pamela Meade : Endonezya forumu 13 Aug 2014, 08:53

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

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  He's stuck

  Şu kişi tarafından gönderildi  sarah dewall : Endonezya forumu 13 Aug 2014, 08:22

  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

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  A prepayment

  Şu kişi tarafından gönderildi Silinmiş kişi : Endonezya forumu 13 Aug 2014, 04:28

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

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  I agree

  Şu kişi tarafından gönderildi  liz mingh : Endonezya forumu 25 Jul 2014, 05:23

  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.

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  Is this a lease with an option to buy?

  Şu kişi tarafından gönderildi  hazel freee : Endonezya forumu 04 Jul 2014, 07:48

  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?