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Difference Between Car Leasing and Renting Eagle 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.

Enterprise Auto Rental
(208) 321-7936
213 W Fairview Ave
Boise, ID
 
U-Haul Company
(208) 893-5180
2490 W Franklin Rd
Meridian, ID
 
Penske Truck Rental
(208) 938-0846
943 W Overland Rd
Meridian, ID
 
Enterprise Rent-A-Car
(208) 672-0585
222 Auto Dr
Boise, ID

Data Provided by:
Enterprise Auto Rental
(208) 336-8777
608 Fairview Ave
Boise, ID
 
U-Haul Company
(208) 846-9482
2055 S Locust Grove Rd
Meridian, ID
 
Enterprise Rent A Car
(208) 888-3559
613 S Meridian Rd
Meridian, ID
 
Dan Wiebold Ford
(866) 854-3061
5707 East Gate Blvd
Nampa, ID
 
Enterprise Auto Rental
(208) 672-0585
33 Auto Dr
Boise, ID
 
Hertz - Western Aircraft
(208) 383-3100
4444 West Aeronica Street
Boise, ID
Hours
0630-2400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hours returns are allowed. Park car in Hertz area, place keys and rental record in the drop box located at the end of the Hertz counter.

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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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