By my math that lease payment doesn't add up very well for 48 or 60 months. By the rates I use that payment for 48-months would fund $14,982.71 and 60-months would fund $18,074.64
Makes me wonder if this rep's dealer principal is jacking up the lease rate factors his reps use SIGNIFICANTLY in essence whacking the rep for a hidden $1,525.64 in funding. That would be a real kick in the teeth to find out.
Whenever I see a proposal that doesn't specify the number of months the lease is based on I get suspicious. Seen too many times where the customer assumes it's 36 only to discover at the 11 hour that it was 60.
Canon direct used to have reps in our area who would do something we called the 3/5. Everything on the paper trail from marketing to proposal to sales order & service contract would reference 3 years except for the actual lease doc which would be a 60-month lease. After 36-months the service plan would skyrocket and the sales rep would then try to use the escalation as a hammer to get the customer to roll the old lease 24-months early. We'd see customers who would get rolled over and over before we brought it to their attention how badly upside down they were. Of course by that time the original sales rep was long gone.
Whenever I see a proposal that doesn't specify the number of months the lease is based on I get suspicious. Seen too many times where the customer assumes it's 36 only to discover at the 11 hour that it was 60.
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