» » »

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.

Joey's of New Paltz
(845) 255-5666
87 North Chestnut Street
New Paltz, NY
 
Hertz - West Hempstead R and M Service
(516) 485-0945
260 Hempstead Turnpike
West Hempstead, NY
Hours
Mo-Fr 0800-1700, Sa 0800-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System

Hertz - North American Flight Services
(518) 691-0404
405 Greenfield Avenue
Saratoga Springs, NY
Hours
Mo-Fr 0800-1700, Sa 0900-1300, Su Closed
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. After Hours - Meets reservations for private flights if received during regular business hours.

Enterprise Auto Rental
(315) 423-0022
207 West Genesee Street
Syracuse, NY
 
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 - Rich Air
(518) 792-8525
443 Queensbury Avenue
Glens Falls, NY
Hours
Mo-Fr 0800-1700, Sa-Su 0800-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only. After Hours - Meets private flights if reservation received during regular business hours. Reservations will only be held for 2 hours beyond the time indicated on the reservation, during the location's hours of operation.

Enterprise Rent-A-Car
(718) 332-8900
2815 Coney Island Ave
Brooklyn, NY

Data Provided by:
Min Popeye Inc
(718) 482-1700
3901 64th St
Woodside, NY
 
Enterprise Auto Rental
(315) 454-8400
000 Col Eileen Collins Blvd
Syracuse, NY
 
Data Provided by:

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