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Difference Between Car Leasing and Renting Arvada CO

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.

Hertz - Wyndham Phoenix
(602) 636-1353
50 East Adams Street
Phoenix, AZ
Hours
Mo-Fr 0700-1800
Sa 0800-1600
Su 1200-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Hotel Guests only. After Hours - After hour returns are allowed. Park the vehicle in the hotel parking garage. Leave the keys and contract with the valet or the front desk.

U-Haul Company
(303) 423-1292
6275 Wadsworth Byp
Westminster, CO
 
U-Haul Company
(303) 422-0121
6490 W 56th Ave
Arvada, CO
 
Enterprise Rent A Car
(303) 460-1548
11905 Corporate Way
Westminster, CO
 
Area Rent - Alls
(303) 429-3589
7900 N Federal Blvd
Westminster , CO
 
U-Haul Company
(303) 657-1970
5295 Sheridan Blvd
Arvada, CO
 
Hertz Corp
(303) 432-3186
5595 Sheridan Blvd # A
Arvada, CO
 
Dollar
(303) 427-0331
3019 W 74th Ave
Westminster, CO
 
Penske Truck Rental
(303) 426-8086
7900 Federal Blvd
Westminster, CO
 
Enterprise Rent A Car
(303) 428-9999
7398 Federal Blvd
Westminster, CO
 

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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