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Difference Between Car Leasing and Renting East Stroudsburg PA

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 Rent-A-Car
(570) 426-7071
3021 Milford Rd
East Stroudsburg, PA

Data Provided by:
Bond Auto Sales Inc
(610) 654-1111
410 East Main St
Pen Argyl, PA
 
Al's Tire of Barnesboro
(814) 948-7880
3912 Saint Stans Avenue
Northern Cambria, PA
Services
Auto Service & Repair, Auto Tire Shop Equipment & Supplies, Auto Rental, Wheels & Tires Service & Repair, Auto Inspection
Hours
Mon-Sat

Enterprise Auto Rental
(412) 622-0200
56 S. Millvale Avenue
Pittsburgh, PA
 
Enterprise Rent-A-Car
(215) 492-9766
7001 Essington Ave
Philadelphia, PA

Data Provided by:
Bond Auto Sales Inc
(610) 654-1111
410 East Main St,
Pen Argyl, PA
 
Brothers Auto Transport
(610) 863-0200
P.O. Box 160
Wind Gap, PA

Data Provided by:
Budget Rent A Car
(412) 262-1079
925 Brodhead Rd # 7
Coraopolis, PA

Data Provided by:
Budget Rent A Car
(610) 791-4561
2443 Lehigh St
Allentown, PA

Data Provided by:
Enterprise Auto Rental
(412) 325-7042
20 6Th St
Pittsburgh, PA
 
Data Provided by:

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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