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Common Lease Questions and Terminology Ithaca 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 - Tompkins County Airport
(607) 257-8677
1 Culligan Drive
Ithaca, NY
Hours
Mo-Fr 0800-2300, Sa 0900-1600, Su 1000-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park vehicle in the dropoff area. Place keys and rental record in the express box outside, underneath the canopy. Bus - Approximately 7 miles from the bus station.

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.

Autorent Car Rental Corporation
(212) 477-6500
41 W 45th St
New York, NY
 
Budget Rent A Car
(718) 639-6400
8808 23rd Ave
East Elmhurst, NY
 
Hertz - East Northport Star Car
(631) 427-6106
35 Monmouth Court
East Northport, NY
Hours
Mo-Fr 0800-1700, Sa-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

Hertz - Taughannock Aviation
(607) 257-8677
66 Brown Road
Ithaca, NY
Hours
Mo-Fr 0800-2300, Sa 0900-1600, Su 1000-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
Reservations will be held up to 2 hours past time the time of arrival noted on the reservation, during regular business hours. This location is for Private Flights only.

Hertz - National Grid Hicksville
(516) 931-2950
175 East Old Country Road
Hicksville, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1300, Su 1000-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for National Grid Employees who are Gold Members only. At least 2 hours advanced reservation required, during normal business hours. If pickup is within 2 hours please call the Hertz/National Grid toll-free reservations number 888-222-2076 to check for delivery availability. After Hours - After hour returns are allowed.

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.

Penske Truck Rental
(909) 597-8577
3915 Green River Rd
Corona, NY
 
Enterprise Auto Rental
(585) 359-3500
152 W Henrietta Rd
Rochester, 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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