Terms and conditions for computer lease purchase

1. YOUR RIGHTS

The Consumer Credit Act 1974 covers this Agreement and lays down certain requirements for your protection which must be satisfied when the Agreement is made. If they are not, we cannot enforce the Agreement against you without a court order.
The Act also gives you a number of rights. You have a right to settle this Agreement at any time by giving notice in writing and paying off all amounts payable under this Agreement. If you have obtained unsatisfactory goods under a transaction financed by this Agreement, apart from any purchased out of a cash loan, you may have a right to sue the supplier or us. Similarly, if the contract is not fulfilled perhaps because the supplier has gone out of business you may still be able to sue us.
If you would like to know more about the protection and remedies provided under the Act, you should contact either your local Trading Standards Department or your nearest Citizens Advice Bureau.

2. INITIAL CREDIT

If you are given the right to take credit when you sign this Agreement, the right to cancel referred to below will not apply to this Agreement.

YOUR RIGHT TO CANCEL

Once you have signed, you will have for a short time a right to cancel this Agreement. You can do this by sending or taking a written notice of cancellation to Dragon computers, Alexandra House, St Anne's Avenue, Cwmffrwd, Carmarthen, SA31 2NA.
If you cancel this Agreement any money you have paid must be returned to you. You will still have to repay any money lent to you, but if you repay all of it before the first instalment is due - or if you are not paying by instalments, within one month after cancellation - you will not have to pay interest or any other charges.
Any goods which you already have under this Agreement, apart from any purchased out of a cash loan, will have to be returned. Such goods should not be used and should be kept safe. (Legal action may be taken against you if you do not take proper care of them). You can wait for them to be collected from you and you need not hand them over unless you receive a written request. If you wish, however you may return them yourself.
You will not however, be required to hand back any goods supplied to meet an emergency or which have already been incorporated, for example in your home. But you will still be liable to pay for emergency goods or services or for any goods which have been incorporated by you or one of your relatives.

3. EFFECTIVE DATE

This Agreement becomes binding when it has been signed by you and on our behalf.

4. TERMINATION : YOUR RIGHTS

The Hirer may terminate this Agreement at the end of the first two months or any subsequent month, by delivering the equipment to Dragon computers at the branch address from which it was first rented (see over) on or before due date. You will not have to make any further payments, provided the equipment is in the same condition as at the commencement of the hire period, fair wear and tear excepted.

The termination of the hiring under any clause of this Agreement shall not affect the right of Dragon computers to recover damages in respect of any breech by the Hirer of the terms of this Agreement. Legal action will be taken against defaulters.

5. REPOSSESSION : YOUR RIGHTS

If you fail to keep to your side of this Agreement but you have paid at least one third of the total amount payable under the Agreement, we may not take back the goods against your wishes unless we get a court order. (In Scotland, we may need to get a court order at any time). If we do take them back without your consent or a court order, you have the right to get back all the money you have paid under the Agreement. In addition, we reserve the right to convert the time elapsed to a period of hire and will charge hire prices accordingly. For businesses this is £125.00 per working week and students at the student rate of £75.00 per working week.

6. CARE, MAINTENANCE & INSURANCE

During the continuation of the Agreement:

(a) The equipment remains the property of Dragon computers and the Hirer will not dispose of it in any way whatsoever.
(b) Any loss is the Hirer's responsibility, even if caused by events outside the Hirer's control. It is therefore the Hirer's responsibility to arrange any insurance deemed desirable by the Hirer.
(c) The Hirer must notify Dragon computers immediately in writing of any loss or damage to the equipment.
(d) It is forbidden to employ any person or firm other than Dragon computers to carry out any work/repair whatsoever on the equipment, without the permission in writing of Britten's Music Limited.

7. CHARGES

We may make charges for administering your account but will not do so unless we have first given you at least seven days notice of the amount of any charges. You will be liable for payment of reasonable expenses incurred by us :
(i) In establishing a new address for you if you fail to notify us of any change of address.
(ii) As a result of any breach by you of this Agreement.
(iii) In ensuring that any payment outstanding on the account is paid when due.
In case of late payment or return, proportionate extra hire fees are charged, plus interest on the outstanding purchase price of the equipment at 20% per annum.
(iiii) Dragon computers reserves the right to cancel the Agreement if the Hirer is in default on payment.

8. CUSTOMER INFORMATION

Telephone conversations between you and us may be monitored or recorded by us to assist in improving our customer services.