Auto Leasing Guide
Go to LeaseGuide.com now !

Difference Between Car Leasing and Renting Gallup NM

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
(505) 994-2100
2418 Southern Blvd SE Ste E
Rio Rancho, NM
 
Hertz - Clovis Municipal Airport HLE
(575) 389-8888
427 County Road 12.5
Texico, NM
Hours
Mo-Fr 0730-1800, Sa-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
The Hertz counter is located in the airport lobby directly across from the gates located to the east of the front doors to the airport.

Rio Transit
(505) 994-1608
4330 Meadowlark Ln SE
Rio Rancho, NM
 
Hertz - Santa Fe Air Center
(505) 471-2525
121 Aviation Drive
Santa Fe, NM
Hours
0800-1800 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
Also known as Santa Fe Jet Center.

Enterprise Auto Rental
(505) 424-1134
961 Cerrillos Rd
Santa, Fe, NM
 
Budget Rent A Car
(505) 867-1234
1300 Tuyuna Trl
Bernalillo, NM

Data Provided by:
Enterprise Auto Rental
(505) 248-9933
502 Clark-Carr Loop Se
Albuquerque, NM
 
Enterprise Auto Rental
(505) 296-8272
104 Montgomery Blvd Ne
Albuquerque, NM
 
Enterprise Auto Rental
(505) 986-1414
611 St. Michael'S Drive
Santa, Fe, NM
 
Penske Truck Rental
(575) 526-9024
2001 S Valley Dr
Las Cruces, NM
 
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...

Click here to read the rest of this article from Lease Guide