Common Lease Questions and Terminology Staten Island 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.

Penske Truck Rental
(718) 980-3800
3735 Victory Blvd
Staten Island, NY
 
A Class Limousines
(718) 668-3200
2244 Hylan Blvd
Staten Island, NY
 
Xclusive Auto Leasing
(718) 517-2277
1267 Forest Ave
Staten Island, NY
Additional Information
Car Leasing

First Choice Transportation Inc
(718) 273-6363
615 W Fingerboard Rd
Staten Island, NY
 
Joy Auto Dealers Rental & Leasing Inc
(718) 227-1203
4463 Amboy Rd
Staten Island, NY
 
Pronto Avanti Limousine
(718) 556-5332
65 Boone St
Staten Island, NY
 
Eldan Rent A Car Inc
(718) 494-4997
696 Willowbrook Rd
Staten Island, NY
 
Hertz - 543 Cary Avenue HLE
(718) 442-3059
543 Cary Avenue
Staten Island, 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

U-Haul Company
(718) 815-1004
151 Victory Blvd
Staten Island, NY
 
Hertz Corp
(718) 442-3059
543 Cary Ave
Staten Island, 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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