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Difference Between Car Leasing and Renting Arkadelphia AR

Car renting and car leasing are often incorrectly viewed as the same thing. Leasing is a form of car financing, much like a loan. Car rental companies exist to fulfill the short-term automobile use needs of traveling business people, vacationers, or those who might need a particular type of vehicle for temporary use.

Riggs Cat
(870) 932-5473
3701 E Parker Rd
Jonesboro, AR
 
Mid America Vehicle Rentals & Sales
(870) 886-7689
307 W
Jonesboro, AR
 
Enterprise Auto Rental
(501) 562-6623
523 South University
Little, Rock, AR
 
Triangle Rent A Car
(910) 860-3400
1404 Skibo Rd
Fayetteville, AR
 
Alamo Rent A Car
(910) 485-2134
Fayetteville Airport
Fayetteville, AR
 
Enterprise Rent-A-Car
(501) 268-6099
2204 E Race Ave
Searcy, AR

Data Provided by:
Presidential Conversions
(870) 933-7270
2500 Commerce Dr Bldg A Ste B
Jonesboro, AR
 
Hertz - Memorial Field HLE
(501) 623-7591
525 Airport Road
Hot Springs, AR
Hours
Mo-Fr 0730-1730
Sa 0830-1230
Su Closed
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.
Additional Information
After Hours - After hours returns are allowed 0530-2200. Park the vehicle in the parking lot. Place the keys and rental record in the drop box located at the counter. Bus - Approximately 3 1/2 miles from the bus station. Cab fare will be reimbured up to $4.00 with receipt.

Penske Truck Rental
(479) 649-8513
23 N 11th St
Fort Smith, AR
 
Auto Rental of Jonesboro
(870) 932-0221
3901 Lindbergh Dr
Jonesboro, AR
 
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Difference Between Car Leasing and Renting

Many automotive consumers assume that car renting and car leasing are the same thing, or are very similar.

Not true.

This misconception may come about from the fact that apartment renting – which is very familiar to most people – and apartment leasing are essentially the same thing.

It is therefore natural for someone not familiar with car leasing to assume that it is much like apartment renting or leasing.

It is not.

What is car renting?

Car rental companies exist to fulfill the short-term automobile use needs of traveling business people, vacationers, or those who might need a particular type of vehicle for temporary use.

Rental cars are owned by a rental company and are made available to customers for relatively short-term use. The company maintains and services its vehicles and carries basic insurance. Customers agree to not damage the vehicle, to buy gas, to purchase additional insurance if personal auto insurance is not applicable, and to return the vehicle within a specified time. All maintenance is handled by the rental company.

Rent rates are determined by the car rental company, based on a daily or weekly fee, and includes either unlimited mileage or an additional mileage rate. The method by which rates are determined is not revealed to customers and can vary widely, even within the same rental company, based on various discount schemes.

Rental companies make money by renting the same car over and...

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