garmst
join:2000-09-17
New York, NY
 ·Speakeasy
| reply to Maggs
Re: Spitzer is THE MAN.
All the bank did was loan you money. It is your job to decide what you want to buy or lease is worth it.
The bank makes money on the interest and takes a risk that you won't pay.
In the interest rate you will pay on your credits cards and loans, you are paying for the Norvergence scam.
This could be a bad precedent. You don't want banks adding even more criteria to wherether or not to loan money. But this is typical New York State Socialism at work. One more nail in the NYS coffin. |
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JoshNJ
Premium
join:2001-12-25
Freehold, NJ
| reply to Maggs
said by Maggs  :The total cost of the copier was $16,000 for a really old copy unit, they were appriasing it at face value pretty much. So what? If you agree to that in your contract, you should have to abide by it, if you don't understand how much the equipment is worth you shouldn't be leasing/buying it in the first place.
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I support the RIAA |
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Maggs
Premium
join:2002-11-29
Woodside, NY
 ·RCN CABLE
| reply to garmst
The finance companies were co conspirators. Should the banks have auditors who can tell you the value of an item, or lease term agreement. The banks were being greedy, and they got caught.
I used to work in an IT Dept when we had to RMA a Toshiba Copier back to Wells Fargo Financial Leasing. The machine was 6 years old, we recorded the serials and did a parts inventory. If there was any damage to the unit we would be charged for it, even though the counter registered 190,000 copies.
The total cost of the copier was $16,000 for a really old copy unit, they were appriasing it at face value pretty much.
They lie, cheat, and steal, so its about time they got caught with their hand in the cookie jar.
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Will do anything for new job, and health plan. Someone get me out of hell. |
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