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Common Lease Questions and Terminology Brooklyn 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.

Yitz Rent A Car
(718) 633-2500
705 Mcdonald Ave
Brooklyn, NY

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Hertz - Lower Battery Park Municipal Garage (20 Morris Street)
(212) 486-5935
20 Morris Street
New York City, NY
Hours
Mo-Fr 0630-2100, Sa 0700-2100, Su 0700-2200
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
Located at the Morris Street entrance to the Battery Park Municipal Garage but may also be accessed from the Greenwich Street entrance. This is the closest location to Wall Street. Subways - Closest subways are Bowling Green #4 and #5 trains, Rector Street R train, Trinity Place #1 and #9 trains. Pier - Cab fare reimbursed up to $15 from all cruise ships arriving in Brooklyn as long as proof of cruise ship arrival within 24 hours is provided. Hourly Rentals available - see US Products & Services

Hertz - Lower East 13th (between 5th and University Place)
(212) 486-5915
12 East 13th Street
New York City, NY
Hours
Mo-Th 0630-2200, Fr-Su 0630-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
Located 2 blocks south of Union Square, between 5th Ave and University Place. Pier - Closest location to the West Side Pier, approximately 1 1/2 miles away. Hourly Rentals available - see US Products & Services.

Enterprise Auto Rental
(212) 647-9777
06 W 24Th St
New, York, NY
 
Enterprise Rent-A-Car
(718) 332-8900
2815 Coney Island Ave
Brooklyn, NY

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Hertz - 225 Northern Blvd HLE
(516) 482-5880
225 Northern Blvd.
Great Neck, NY
Hours
Mo-Fr 0730-1800, Sa-Su 0900-1300
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
After Hours - After hour returns are allowed. Park vehicle in Hertz area. Place keys and rental record in the drop box located next to the work bay. Bus - Approximately 2 blocks from the bus station. Railroad - Approximately 3 miles from the railroad station. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(212) 227-5050
6 Fulton St
New, York, NY
 
Enterprise Auto Rental
(212) 533-2900
21 Thompson Street
New, York, NY
 
Hertz - Lower Greenwich Village (18 Morton Street)
(212) 486-5395
18 Morton Street
New York City, NY
Hours
Mo-Sa 0700-2200, Su 0800-2300
Special Services
Child Seats In-Car Navigation System , Gold Counter Service
Additional Information
Located at the southeast corner of 7th Avenue in the Kinney Parking Garage Hourly Rentals available - see US Products & Services.

Hertz - Harborside Financial Center HLE
(201) 946-7887
135 Greene Street
Jersey City, NJ
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 , 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 in the street level garage of Plaza 4A at the Harborside Financial Center. After Hours - After hour returns are allowed. Park car in Hertz area, place keys and contract in dropbox. Dropboxes are available on the Hertz counter located in the lobby and on the wall of the second floor elevator lobby. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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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