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Difference Between Car Leasing and Renting Edmond OK

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.

U-Haul Company
(405) 715-3888
14675 S Coltrane Rd
Edmond, OK
 
Avis Rent A Car
(405) 844-7957
911 S Broadway
Edmond, OK
 
Enterprise Rent A Car
(405) 475-0430
3612 S Kelly Ave
Edmond, OK
 
U-Haul Company
(405) 341-4258
168 E 33rd St
Edmond, OK
 
Enterprise Auto Rental
(405) 848-2499
407 Nw Expressway
Oklahoma, City, OK
 
U-Haul Company
(405) 348-6548
610 S Broadway
Edmond, OK
 
Hertz - 536 East Memorial Road HLE
(405) 748-4410
536 East Memorial Road
Edmond, OK
Hours
Mo-Fr 0730-1800, 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. In-Car Navigation System , 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.

Enterprise Rent A Car
(405) 844-6700
13 W 15th St
Edmond, OK
 
Enterprise Auto Rental
(405) 755-2223
21 E. Memorial Road
Oklahoma, City, OK
 
Enterprise Rent-A-Car
(405) 721-7900
8000 N Rockwell Ave
Oklahoma City, OK

Data Provided by:
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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