Common Lease Questions and Terminology Chowchilla CA

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 - Barber Aviation
(559) 662-8696
4130 Aviation Drive
Madera, CA
Hours
Mo-Fr 0800-1200 and 1300-1700,Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only. Walkins are not allowed.

Hertz - Country Club Auto Body
(559) 673-2404
17094 Road 26
Madera, CA
Hours
Mo-Fr 0800-1700
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., 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
This location is for insurance replacement rentals only.

Courtesy Rent A Car
(209) 580-3600
1430 W 15th St
Merced, CA
 
U-Haul Company
(209) 388-1868
3990 E State Highway 140
Merced, CA
 
Hertz - 1710 West Hwy 140 HLE
(209) 722-4200
1710 West Hwy 140
Merced, CA
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
Railroad - Approximately 3 miles from the Amtrak Station. Pick up service available.

Hertz - Madera Specialty Paint and Body HLE
(559) 662-8696
404 South Gateway Drive
Madera, CA
Hours
Mo-Fr 0800-1200 and 1300-1700,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., 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
Located on the corner of South Gateway and 8th Street.

Hertz - Noble Aviation
(209) 722-4200
24 Macready Drive
Merced, CA
Hours
Mo-Fr 0700-1800
Sa 0900-1300
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only. Walkins are not allowed.

Budget Rent A Car
(209) 383-3804
1599 W 16th St
Merced, CA

Data Provided by:
Smileys Used Cars
(209) 726-4603
1480 W 16th St
Merced, CA
 
Penske Truck Rental
(209) 384-3660
2215 E Gerald Ave
Merced, CA
 
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