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Difference Between Car Leasing and Renting Las Cruces 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.

Premier Transportation
(575) 523-9393
1308 Arizona Ave
Las Cruces, NM
 
Hertz Corp
(575) 521-4807
705 S Telshor Blvd
Las Cruces, NM
 
Star Fire Transportation
(575) 522-0750
5010 Anasazi Trl
Las Cruces, NM
 
Go Transportation Inc
(575) 527-5236
4235 Lost Ln
Las Cruces, NM
 
Las Cruces Shuttle & Taxi
(575) 525-1784
Po Box 3172
Las Cruces, NM
 
Enterprise Rent A Car
(575) 523-5351
2285 E Lohman Ave
Las Cruces, NM
 
Hertz - Las Cruces Airport
(575) 521-4807
8990 Zia Blvd
Las Cruces, NM
Hours
Mo-Fr 0830-1630, Sa 1000-1200, Su closed.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for flight arrivals only.

Avis Rent A Car
(575) 522-4406
700 S Telshor Blvd
Las Cruces, NM
 
Penske Truck Rental
(575) 526-9024
2001 S Valley Dr
Las Cruces, NM
 
Hertz Penske Truck Rental
(575) 526-7931
344 Keathley Dr
Las Cruces, NM
 

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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