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New Cars - A Reality Check Cranston RI

There is a common misconception that new-car dealers finance the cars they sell or lease. Not true. Dealers don't make loans or finance leases. A dealer may run a preliminary credit check on you prior to completing your paperwork, but this should not be interpreted as approval of your loan or lease application.

Ami Leasing
(401) 463-5234
11 Sharpe Dr
Cranston, RI
 
U-Haul Company
(401) 943-2945
1125 Cranston St
Cranston, RI
 
Auto Rental Champs
(401) 941-1207
703 Park Ave
Cranston, RI
 
Hertz - 520 Reservoir Avenue HLE
(401) 461-0748
520 Reservoir Avenue
Cranston, RI
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
Customers arriving at the Providence T. F. Green Airport must reserve their vehicle at the Hertz Providence T. F. Green Airport location. After hours - After hour returns are allowed. Place completed Rental Agreement and keys in the drop box provided.

Hertz - 2283 Post Road HLE
(401) 737-2189
2283 Post Road
Warwick, RI
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. 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.
Additional Information
Customers arriving at the Providence T. F. Green Airport must reserve their vehicle at the Hertz Providence T. F. Green Airport location. After hours - After hour returns are allowed. Place completed Rental Agreement and keys in the drop box located near the building.

Hertz Penske Truck Rental
(401) 463-5557
7 Fyffe Ave
Cranston, RI
 
U-Haul Company
(401) 946-5019
801 Oaklawn Ave
Cranston, RI
 
Hertz Corp
(401) 461-0748
520 Reservoir Ave
Cranston, RI
 
Penske Truck Rental
(401) 739-8700
65 Amflex Dr
Cranston, RI
 
U-Haul Company
(401) 521-6333
464 Broad St
Cranston, RI
 

New Cars - A Reality Check

In the years we've been in the automotive advice business we’ve received thousands of emails with questions about buying and leasing new cars.

Although each reader's situation is different, there seem to be general issues that show up over and over again that represent some common misunderstandings and misconceptions about new car buying and leasing. Let's address some of them now.

New cars are not financed by dealers
There is a common misconception that new-car dealers finance the cars they sell or lease. Not true. Dealers don't make loans or finance leases. A dealer may run a preliminary credit check on you prior to completing your paperwork, but this should not be interpreted as approval of your loan or lease application. He just wants to make sure he's not wasting his time on someone with serious credit problems.

A new-car purchase or lease deal is contingent on the dealer being able to find a finance company or bank who will agree to finance your deal, based on your credit history and debt load. The finance company pays the dealer for the car (which means the finance company owns the car), and arranges for the customer to pay them back the money for that car, plus interest. See for more details.

Dealers can ask you to return your new car
A dealer will allow you to drive away in his new car immediately after you've signed your loan or lease papers. This does not mean your credit has been approved or that your loan (or lease) ...

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