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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 - 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 - Shelt Air
(518) 563-2051
1 Alabama Avenue
Plattsburgh, NY
Hours
Mo-Fr 0900-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - After hour returns are allowed. The drop box is located near the car return area.

RentAWreck
(518) 562-8462
779 State Route 3
Plattsburgh, NY
 
U-Haul Company
(914) 699-7400
263 S 5th Ave
Mount Vernon, NY
 
Hertz - 920 West Jericho Turnpike HLE
(631) 543-0143
920 West Jericho Turnpike
Smithtown, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1200, Su Closed
Special Services
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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

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.

Penske Truck Rental
(914) 668-4484
200 E Sandford Blvd
Mount Vernon, NY
 
Hertz - Phillip Morris
(914) 948-1016
180 Airport Road
White Plains, NY
Hours
Mo-Fr 0900-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Phillip Morris personnel only.

Min Popeye Inc
(718) 482-1700
3901 64th St
Woodside, NY
 
Hertz - 840 Lehigh Station Road HLE
(585) 334-0500
840 Lehigh Station Road
Rochester, NY
Hours
Mo-Fr 0800-1800, Sa 0830-1200, 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
After hour - After hour returns are allowed. Place completed rental agreement and keys in the drop box located to the left of the front door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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