Common Lease Questions and Terminology Binghamton NY

Vehicle leasing is a contract to acquire the use of the vehicle for only a specific period. Most often it is for a two- or three-year period of time. In most cases, the lease payment will be lower than the purchase payment, making leasing increasingly popular as the price of new vehicles continues to rise.

Hertz - Binghamton IBM
(607) 729-6535
Arbutus Road
Binghamton, NY
Hours
Mo-Fr 0800-1500, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for delivery to IBM employees at the IBM plant in Endicott, NY only.

Hertz - Atlantic Aviation
(607) 729-6115
2534 Airport Road
Johnson City, NY
Hours
Mo-Th 0700-2330, Fr 0700-2300, Sa 0800-1530, Su 1000-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only. This location is also known as First Air. After Hours - After hour returns are allowed.

Hertz - 2520 Vestal Parkway East HLE
(607) 729-2406
2520 Vestal Parkway East
Vestal, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations., Gold Counter Service , Pickup/Return Service:Available with a one hour advance notice and within 15 minutes from the Hertz Local Edition location. Contact the location to arrange for Pick Up service.
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Penske Truck Rental
(914) 668-4484
200 E Sandford Blvd
Mount Vernon, NY
 
Hertz - Arthur Kill Road HLE
(718) 227-3832
4409 Arthur Kill Road
Staten Island, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations. In-Car Navigation System , Gold Counter Service , Pickup/Return Service:Available with a one hour advance notice and within 15 minutes from the Hertz Local Edition location. Contact the location to arrange for Pick Up service.
Additional Information
Located on the premises of A to Z Auto Body. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Binghamton NYSSEG
(607) 729-6535
19 Arbutus Road
Johnson City, NY
Hours
Mo-Th 0700-2300, Fr 0700-2300, Su 1000-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations., Gold Counter Service
Additional Information
This location is for NYSSEG employees only

Hertz - Binghamton Regional Airport
(607) 729-6115
2534 Airport Road
Binghamton, NY
Hours
Mo-Fr 0700-2400, Sa 0800-2030, Su 0900-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations. In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park car in Hertz area. Place keys and rental record in drop box located at the counter.

Miles Car Rental New York
(347) 630-0669
244 5th Ave # 1432
New York, NY
Additional Information
Over 20% in dicounts just for reserving with us.
Hours
24/7
Special Services
Auto Rental Services at discounted prices.

Hertz - Richmor Aviation at Columbia
(518) 786-1282
Route 9H
Hudson, NY
Hours
Mo-Fr 0700-2000, Sa-Su 0800-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Suresky & Sons, Inc.
(845) 294-5177
P.O. Box 209
Goshen, NY
 

Common Lease Questions and Terminology

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Vehicle leasing is a contract to acquire the use of the vehicle for only a specific period. Most often it is for a two- or three-year period of time. In most cases, the lease payment will be lower than the purchase payment, making leasing increasingly popular as the price of new vehicles continues to rise.

Why are lease payments often less than finance payments?
A finance purchase requires payment for the full negotiated value of the vehicle during the term of the loan (the full cost of the vehicle can be determined by adding the down payment, monthly payments, interest, taxes, and any other associated fees). Since you will own and take title to the vehicle at the end of the term, the bank has little interest in the vehicle itself"other than its collateral value during the loan. A lease only requires you to pay for the depreciation of the vehicle during the contracted term in which you wish to operate it. In effect, you are only paying for the portion of the vehicle you use.

Additionally, with a lease, the leasing company owns the vehicle. This relationship means the lessee has a responsibility to maintain the vehicle according to strict standards defined in the lease contract. Specific terms set limits as to the amount of damage ("wear and tear") or mileage ("mileage allowance") allowed on the vehicle during the lease period. Leasing companies also require their vehicles to be properly insured and maintained during the lease....

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