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Difference Between Car Leasing and Renting Bedford IN

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.

National Car Rental
(812) 339-3443
1616 South Walnut
Bloomington, IN
 
Alamo Rent A Car
(812) 339-3443
1616 S Walnut St
Bloomington, IN
 
Budget Truck Rental
(812) 336-1181
912 S Walnut St
Bloomington, IN
 
Campus Auto Rental
(812) 332-4939
2425 S Walnut St
Bloomington, IN
 
Hertz - Cook Aviation
(317) 243-9321
970 South Kirby Road
Bloomington, IN
Hours
0700-2100 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Express Rent-A-Center
(812) 334-1013
3098 S Walnut St
Bloomington, IN
 
Enterprise Rent A Car
(812) 336-1018
1907 S Walnut St
Bloomington, IN
 
ACE Rent A Car
(812) 336-1501
2200 North Walnut
Bloomington, IN
 
Penske Truck Rental
(812) 331-1188
2212 S Yost Ave
Bloomington, IN
 
ACE Rent A Car
(812) 336-1501
2200 North Walnut
Bloomington, IN
 

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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