Common Lease Questions and Terminology Watertown 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.

U-Haul Company
(631) 271-4891
464 W Jericho Tpke
Huntington, NY
 
Champion Auto Brokers Inc
(631) 351-0863
681 W Jericho Tpke
Huntington, NY
 
Hertz - 920 West Jericho Turnpike HLE
(631) 543-0143
920 West Jericho Turnpike
Smithtown, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1200, Su Closed
Special Services
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 , 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 - New Rochelle Amtrak Station
(914) 633-0643
2 Station Plaza North
New Rochelle, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1200,Su 1200-1700.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System

Hertz - 49 Route 17 K HLE
(845) 561-7479
49 Route 17 K
Newburgh, 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 , 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. The drop box is located on the right side of the building. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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.

Enterprise Auto Rental
(315) 454-8400
000 Col Eileen Collins Blvd
Syracuse, NY
 
Apollo Car Rental Inc
(877) 901-7500
109 W Sandford Blvd
Mount Vernon, NY
 
Hertz - Richmor Aviation at Columbia
(518) 786-1282
Route 9H
Hudson, NY
Hours
Mo-Fr 0700-2000, Sa-Su 0800-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Dollar
(718) 429-3984
8018 Roosevelt Ave
Jackson Heights, NY
 

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