» » »

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.

U-Haul Company
(718) 424-3380
9111 Roosevelt Ave
Jackson Heights, NY
 
Hertz - IBM In-Plant Desk
(914) 945-3789
1101 Kitchawan Road
T. J. Watson, NY
Hours
Mo-Fr 0830-1530, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for IBM Employees only.

Joey's of New Paltz
(845) 255-5666
87 North Chestnut Street
New Paltz, NY
 
Hertz - 2520 Vestal Parkway East HLE
(607) 729-2406
2520 Vestal Parkway East
Vestal, 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., 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.

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 - Rochester International Airport
(585) 328-3702
1200 Brooks Avenue
Rochester, NY
Hours
Mo-Fr 0630-2400, Sa 0700-2300, Su 0700-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - Meets scheduled commercial flights. Airline, flight number and original time of arrival required. After hour returns are allowed. Park vehicle in the Hertz area. Place keys and rental record in the drop box located at the counter. Bus - Approximately 6 miles from the bus station. Railroad - Approximately 6 miles from the railroad station.

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 - 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 - 724 New Loudon Road HLE
(518) 783-0178
724 New Loudon Road
Latham, 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
After hour - After hour returns are allowed. Park vehicle in the lined space next to the building. Place completed rental agreement and keys in the drop box to the side of the building adjacent to the 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

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