» » »

Common Lease Questions and Terminology Buffalo 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.

Enterprise Auto Rental
(716) 884-6666
312 Main Street
Buffalo, NY
 
Hertz - Depew Amtrak
(716) 630-6556
55 Dick Road
Buffalo, NY
Hours
Mo-Fr 0900-1700, Sa 0900-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Enterprise Auto Rental
(716) 873-0100
643 Delaware Ave
Buffalo, NY
 
Hertz - Buffalo Niagara International Airport
(716) 632-4896
4200 Genesee Street
Buffalo, NY
Hours
Mo-Fr 0600-0030, Sa-Su 0700-0030
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park car in the Hertz area. Place keys and rental record in the drop box located next to the Hertz Gold booth.

Hertz - Prior Aviation
(716) 633-1000
4200 Genesse Street
Buffalo, NY
Hours
Mo-Fr 0630-2400, Sa-Su 0700-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
Located at the Buffalo Niagara International Airport. This location is for Private Flights only. No walkins allowed.

Enterprise Rent A Car
(716) 884-2222
1312 Main St.
Buffalo, NY
 
Hertz - Buffalo Downtown HLE
(716) 854-0283
538 Pearl Street
Buffalo, 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Marita Car Rentals Inc.
(716) 632-4662
3999 Genesee St.
Buffalo, NY
 
Kenmore Cab Dispatch
(716) 876-3030
440 Ontario St
Buffalo, NY
 
Enterprise Auto Rental
(716) 565-5400
700 Genesee Street
Cheektowaga, NY
 

Common Lease Questions and Terminology

Provided by:

Click here for more content from JDPower.com

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....

Click here to read the rest of the article at JDPower.com