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Leasing problem we signed a heavy lease with a small company but their agreement is the same one that the large leasing companies use. Can the lease be cancelled? The very first clause in the agreement states not cancellable and all of the terms and conditions state that basically there are no reasons that can be used for cancelling?

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Have you taken delivery of the new unit?

If you have not refuse delivery.

Do not sign the Proof of Delivery.

If you have already taken delivery - and have not paid an invoice, you may want to contact your attorney and have him look into contract law for your state...

If you have taken delivery, and paid and invoice, you may be stuck.

Sorry -

Greg Walters
gwalters009@gmail.com
http://thedeathofthecopier.blogspot.com/

Posted on Dec 16, 2008

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It's almost impossible to get out of a lease, if you do there are severe penalties which you have to pay. You should have done a bid process, whereby having the leasing company compete and lower their rates.
But, getting back to your question, as long as they keep up their end of the bargain I don't think there is much room to cancel. If you are a large enough company that they consider you a Major Account then you may be able to renegotiate the contract in the interest of keeping you as a client when the contract ends to renew with them.

Good Luck !!!

Posted on Dec 11, 2008

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You need to contact the leasing company some leases also have a personal gaurentee depending on the size of the company

Posted on Dec 11, 2008

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