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Common Lease Questions and Terminology Holland MI

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 - Tulip City Air
(616) 393-2040
1581 South Washington Avenue
Holland, MI
Hours
Mo-Fr 0730-1800, 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
Additional Information
After Hours - After hour returns are allowed. Park in designated area, record date, time, mileage and fuel level. Place keys and contract in the slot on the door. This location is for Private Flights only.

U-Haul Company
(734) 844-2112
39205 Ford Rd
Westland, MI
 
Hertz - 508 South Lapeer HLE
(248) 693-9074
508 South Lapeer
Lake Orion, MI
Hours
Mo-Fr 0700-1800, 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Air Services
(231) 946-7051
1100 Airport Access Road
Traverse City, MI
Hours
Mo-Fr 0800-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for private flights only. No walkins permitted.

Hertz - Van Dyke Avenue HLE
(586) 446-0916
40490 Van Dyke Avenue
Sterling Heights, MI
Hours
Mo-Fr 0800-1800, 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. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - 11119 Watertower Court HLE
(616) 393-2040
1119 Watertower Court
Holland, MI
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. Park car in Hertz area, record exact date and time of return, mileage and fuel level on rental record. Place keys and contract in drop box or slot. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Capital City Airport
(517) 321-1445
4100 Capital City Boulevard
Lansing, MI
Hours
Mo-Fr 0730-2330, Sa 1200-1800, Su 0830-2300
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., 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 0430-2400. Park vehicle in the Hertz lot. Drop keys and completed contract in the drop box located inside the airport at the Hertz counter. Bus - Approximately 10 miles from the bus station. Cab fare will be reimbursed up to $5.00 with receipt on confirmed reservations. Railroad - Approximately 10 miles from the bus station. Cab fare will be reimbursed up to $5.00 with receipt on confirmed reservations. Pick up time must be at least one hour after l

Hertz - 34365 South Gratiot Avenue HLE
(586) 792-2096
34365 South Gratiot Avenue
Clinton Township, MI
Hours
Mo-Fr 0800-1800, 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. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(734) 692-6050
23780 West Rd
Brownstown Twp, MI

Data Provided by:
Good GMC Inc
(616) 531-0950
4800 Clyde Park SW
Wyoming, MI
 
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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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