Ge Money

Huggles

Hi Guys,

Bit of a confusing one here; help hugely appreciated.

So in 2008 I needed to buy a all bells and whistles laptop for work, it cost €2,997. I didn't have that money handy however so had to get it financed, that finance was 100 per month for 36 months, so ex vat I have paid them €3,600. Yikes.

Anyways, final payment due this week, all good, however I get a letter today from them acknowledging last payment and giving me 3 options:

1) continue leasing at 1 low payment per year
2) return equipment
3) take title of equipment

I thought number 3 was the obvious conclusion but noted a box on form for option 3 has current market value on it, does this mean they want more money from me to buy what I think is already mine?

Sorry if this is all obvious, but genuinely thought it was a loan not a lease.

Help!

whippet

check out what it will be to take title of goods. I think it is only a nominal fee, in the region of 50 quid or so.

It shows how valuable it is to read the small print on something like this.

looksee

Does the lease offer give you insurance, what happens when the laptop expires? How long would it continue?

dudara

Moved to Banking & Insurance & Pensions

dudara