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Common Lease Questions and Terminology New York 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.

Carmel Car & Limousine Svce
(212) 666-9666
2642 Broadway W 100th St
New York, NY
 
Miles Car Rental New York
(347) 630-0669
244 5th Ave # 1432
New York, NY
Additional Information
Over 20% in dicounts just for reserving with us.
Hours
24/7
Special Services
Auto Rental Services at discounted prices.

Hertz - Midtown East 48th (between 1st and 2nd)
(212) 486-5901
310 East 48th Street
New York City, NY
Hours
0630-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
Hourly Rentals available - see US Products & Services.

Hertz - Midtown East 40th (between 2nd and 3rd)
(212) 486-5060
222 East 40th Street
New York City, NY
Hours
Mo-Sa 0630-2300, Su 0630-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Prestige Service , Gold Counter Service
Additional Information
Railroad - Approximately 2 blocks from Grand Central Station. Heliport - Closest location to the east side Avports Heliport. Hourly Rentals available - see US Products & Services.

Amh Trading Inc
(212) 868-3332
133 W 30th St
New York, NY
 
Alamo Rent A Car
(212) 447-5883
12 W 32nd St
New York, NY
 
Enterprise Auto Rental
(212) 730-6151
2 W 48Th St
New, York, NY
 
Hertz - Midtown West 43rd (between 10th and 11th)
(212) 486-5912
500 West 43rd Street
New York City, NY
Hours
Su-Fr 0630-2200, Sa 0630-1400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Midtown West 34th (between 8th and 9th)
(212) 486-5065
323 West 34th Street
New York City, NY
Hours
Mo-Sa 0630-2000, Su 0630-2100
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Prestige Service , Gold Counter Service
Additional Information
Located next to the Manhattan Center Studios inside of the Meyer Parking Garage. Please enter the Meyer Parking Garage to enter the Hertz lobby. Heliport - Closest location to the west side Air Pegasus Heliport. Hourly Rentals available - see US Products & Services.

Allstar Rent A Car
(212) 563-8282
325 W 34th St
New York, 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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