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Difference Between Car Leasing and Renting Caldwell ID

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.

Affordable Auto Rental
(208) 467-3078
909 3rd St S
Nampa, ID
 
Uts Nationalease
(208) 468-9401
915 E Karcher Rd
Nampa, ID
 
Avis Rent A Car
(208) 468-7932
16019 Idaho Center Blvd
Nampa, ID
 
Champion Motors
(208) 461-1444
705 N Franklin Blvd
Nampa, ID
 
U-Haul Company
(208) 461-0461
734 W Greenhurst Rd
Nampa, ID
 
Enterprise Rent A Car
(208) 463-1222
407 Caldwell Blvd
Nampa, ID
 
Penske Truck Rental
(208) 288-1827
103 N Broadmore Way
Nampa, ID
 
Enterprise
(208) 468-2330
15700 Can Ada Rd
Nampa, ID
 
Dan Wiebold Ford
(866) 854-3061
5707 East Gate Blvd
Nampa, ID
 
U-Haul Company
(208) 463-1191
2593 2nd St S
Nampa, ID
 

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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