ABOUT US

Providing Reliable
And Affordable Transportation

Who We Are

EZ Own Auto is a used car dealership specializing in “Lease Here / Pay Here”
terms for those in need of reliable transportation, but have challenges
obtaining traditional financing.

Our mission is to provide reliable and affordable transportation to individuals who may be facing challenges in obtaining the credit needed to purchase a vehicle to get to work each day, or to simply meet your family’s driving needs. Sometimes bad things happen to good people. We offer our clients the opportunity.

The dealership opened its doors on June 1, 2008, and since then, has sold and financed over 4,000 vehicles to its valued clients in the Capital District of New York. We are proud to have met the needs of many during both good times and challenging times. Our staff of ten full-time employees provide sales, leasing and vehicle servicing to our clients five days per week.

Frequently Asked Questions

What Does “Lease Here Pay Here” Mean?

Lease Here Pay Here (LHPH) financing means that you secure your lease and make payments at the dealership where you acquire your vehicle. You lease the car through in-house leasing versus through a third party, such as a bank, credit union or finance company. The dealership acts as the lease company and approves your lease based upon their requirements and make payments at the dealership.

How Are Payments Made?

Although some LHPH dealerships will accept payment by phone or online, many require that you physically bring a money order, bank check, or cash to their location. You therefore lease the car from the dealership and “pay” on the lease at the dealership.

Is There a Difference Between a LHPH Dealership and a Traditional New or Used Car Dealership?

Depending on the dealerships you visit, very little. The key difference between a traditional dealership and one that specializes strictly in LHPH terms lies in the shopping experience. At a traditional dealership, the financial conversation is often the last part of your discussion. After you’ve seen a few models, asked a host of car questions and possibly test driven one, the dealer will help you explore payment options.

At a LHPH dealership, the process is usually reversed. The dealer will ask you a series of questions, possibly run a credit report and invest in understanding your credit experience before showing you available cars. Then, with your monthly payment range and down payment information factored in, the dealer will show you cars that fit your financial situation.

Who Should Go to a LHPH Dealership?

LHPH dealerships are primarily designed for shoppers who may have experienced significant financial bumps and bruises. If your credit score is on the lower end of the scale or if you’ve had trouble getting an auto loan, a LHPH dealership should be one of the places you visit during a car search.

What Are the Benefits of LHPH Financing?

1. Available Cars, Available loans

The most important benefit of LHPH financing is that it gives credit-challenged people the opportunity to get much-needed transportation.

In many cases, LHPH dealerships are the only option when someone has been turned down by traditional loan institutions, has had a recent bankruptcy, divorce, foreclosure or other credit issue.

2. Improve Your Credit Score

One of the ways to rebuild a credit history is to make timely payments on an installment loan or lease. Many dealers will report to the credit reporting agencies. If you consistently make payments on a LHPH vehicle transaction, over time, your credit score may improve and you will be able to look at trade-in and refinance options.

3. Trade-in Opportunity

Leasing in New York provides easy trade-in options for clientele. Early lease termination after one-half of the lease payments are made can be done for a small termination fee, and providing clientele the opportunity to lease a new vehicle that better suits their driving needs.

Meet The Team

Gerry Parkes

Owner
Gerry is a lifelong banker/lender who decided to exit the corporate world of banking and finance to start EZ Own Auto with his two partners; Eric and John Fogg. His 35 years of experience in lending provides him with the knowledge to structure a loan for the company’s clientele that will fit their needs. Additionally, this background ensures compliance and accuracy that provides a comfort level for clientele to know that their payments are being credited properly, and that their repayment histories reported to the credit reporting agencies are accurate and fair.

Gerry is very active in the community. As an avid cyclists, he has been able to promote events to benefit charities and organizations such as The City Mission of Schenectady, Charlton Volunteer Fire Department, Columbia County Land Conservancy, and the Northeast Regional Food Bank.

Eric Fogg

Owner
Eric has spent his entire life in the car business learning how to source inventory and manage a repair facility. His twenty years of experience in purchasing inventory from auctions and wholesalers has resulted in a keen eye enabling him to find cars that will meet all the needs of our clientele. In addition to purchasing vehicles, he is a talented technician that can diagnose challenges cars have and guide our technicians to the right solution for repair.

Eric is also active in his community as a member of the Glenville Volunteer Fire Department. He and his family have been a driving force in fund raising for the MS Society. Over the last decade, his family has raised over $50,000 in the fight against MS.

CONTACT US TODAY

(518) 384-2886

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