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Difference Between Car Leasing and Renting Coventry RI

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.

Penske Truck Rental
(401) 739-8700
65 Amflex Dr
Cranston, RI
 
Enterprise Auto Rental
(401) 732-5261
0 Dewey Avenue
Warwick, RI
 
Enterprise Rent-A-Car
(401) 828-5577
300 Quaker Ln
Warwick, RI

Data Provided by:
Ami Leasing
(401) 463-5234
11 Sharpe Dr
Cranston, RI
 
U-Haul Company
(401) 946-5019
801 Oaklawn Ave
Cranston, RI
 
Hertz - Northstar Aviation
(401) 738-2600
544 Airport Road
Providence, RI
Hours
0600-2400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only.

Hertz - T.F. Green Airport
(401) 738-7500
2000 Post Road
Providence, RI
Hours
Mo-Fr 0600-0030, Sa 0600-2400, Su 0600-0030
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hour returns are allowed 0500-0030. Park vehicle in the Hertz area. Place keys and rental record in the drop box located at the counter.

U-Haul Company
(401) 943-2945
1125 Cranston St
Cranston, RI
 
Hertz Penske Truck Rental
(401) 463-5557
7 Fyffe Ave
Cranston, RI
 
Hertz - 6585 Post Road HLE
(401) 885-0879
6585 Post Road
North Kingstown, RI
Hours
Mo-Fr 0800-1800, Sa 0900-1200, Su Closed
Special Services
Child Seats, 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., Gold Counter Service , Pickup/Return Service:Available with a one hour advance notice and within 15 minutes from the Hertz Local Edition location. Contact the location to arrange for Pick Up service.
Additional Information
After hours - After hour returns are allowed. Place completed Rental Agreement and keys in the drop box located on the right side of the building.

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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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