» » »

Common Lease Questions and Terminology Coalinga 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 - HP Palo Alto
(650) 493-2009
3000 Hanover Street
Palo Alto, CA
Hours
Mo-Fr 0730-1800
Sa 0900-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Hewlett Packard employees who are #1 Club Gold Members only.

U-Haul Company
(626) 960-5168
1889 Puente Ave
Baldwin Park, CA
 
Hertz - 6728 Reseda Blvd HLE
(818) 705-0495
6728 Reseda Blvd
Reseda, 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. 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.

Hertz - 1030 East Los Angeles HLE
(805) 527-1477
1030 East Los Angeles
Simi Valley, CA
Hours
Mo-Fr 0700-1800
Sa 0900-1200
Sun 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.

U-Haul Company
(909) 623-0462
563 Date St
Pomona, CA
 
El Monte RV Rentals
(949) 653-0504
6441 Burt Rd
Irvine, CA
 
Hertz - 28001 Mission Boulevard HLE
(510) 733-2771
28001 Mission Boulevard
Hayward, 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
After Hours - After hour returns are allowed at the Car Sales office next door Monday through Friday up to 2000, Saturday and Sunday up to 1800.

Penske Truck Rental
(925) 777-9601
1211 Sunset Dr
Antioch, CA
 
Hertz - Monterey Jet Center
(831) 373-3318
300 Skypark Drive
Monterey, CA
Hours
0630-2300 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. Walkins are not allowed.

Wheeler Truck Rental
(760) 956-2100
11494 Mariposa Rd
Hesperia, CA
 

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