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Common Lease Questions and Terminology Merced 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 Corp
(209) 722-4200
1710 W State Highway 140
Merced, CA
 
Avis Rent A Car
(209) 724-9114
20 Macready Dr
Merced, CA
 
Budget Truck Rental
(209) 383-3804
1599 W 16th St
Merced, CA
 
Budget Rent A Car
(209) 383-3804
1599 W 16th St
Merced, CA

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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.

U-Haul Company
(209) 383-6823
1247 Martin Luther King Jr Way
Merced, CA
 
Hertz Penske Truck Rental
(209) 384-3987
2215 E Gerard Ave
Merced, CA
 
Courtesy Rent A Car
(209) 580-3600
1430 W 15th St
Merced, CA
 
Penske Truck Rental
(209) 384-3660
2215 E Gerald Ave
Merced, CA
 
Enterprise Rent A Car
(209) 722-1600
1334 W Main St
Merced, CA
 
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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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