» » »

Common Lease Questions and Terminology Utica 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 - Utica Yorkville
(315) 736-5201
5174 Commercial Drive East
Yorkville, 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., 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 Hours - After hour returns are allowed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Griffiss
(315) 736-5201
592 Hanger Road
Rome, NY
Hours
Mo-Fr 0800-1800, Sa 0900-1300, 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

A Discount Rent A Car Inc
(718) 478-2843
3231 Junction Blvd
East Elmhurst, NY
 
Car Service
(212) 234-6000
511 E 85th St
New York, NY
 
Dollar
(718) 476-7934
6129 Roosevelt Ave
Woodside, NY
 
Hertz - Million Air
(315) 736-9404
592 Hanger Road
Rome, NY
Hours
0600-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Budget Rent A Car
(315) 334-4562
592 Hangar Rd
Rome, NY

Data Provided by:
Avis Rent A Car
(718) 672-5137
9010 Grand Central Pkwy
East Elmhurst, NY
 
Hertz - Albany Crowne Plaza HLE
(518) 434-6911
30 Lodge Street
Albany, NY
Hours
Mo-Fr 0800-1100 and 1200-1700, Sa-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 , Ski Equipped Vehicles, 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 Hours - cab fare to the Albany International Airport will be reimbursed up to $20.00 with receipt. After hour returns are allowed. The drop box is located at the entrance to the Hertz office. Bus - approximately 2 blocks from the bus station. Railroad - Approximately 2 miles from the railroad station. Cab fare will be reimbursed for one person up to $8.00 with receipt. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent A Car
(631) 423-0630
318 W Jericho Tpke
Huntington, 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