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Difference Between Car Leasing and Renting Los Lunas 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.

Hertz - Bode Aviation
(505) 899-5980
7401 Paseo Del Volcan Northwest
Albuquerque, NM
Hours
0800-2000 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles
Additional Information
This location is for Private Flights only. Located at the Double Eagle Airport.

Enterprise Auto Rental
(505) 986-1414
611 St. Michael'S Drive
Santa, Fe, NM
 
Hertz - Santa Fe Municipal Airport
(505) 471-7189
121 Aviation Drive
Santa Fe, NM
Hours
0700-2100 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Place keys and contract inside drop box located at the Hertz Counter or the Jet Center next door.

Enterprise Rent A Car
(505) 994-2000
1550 Rio Rancho Dr 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) 765-9100
400 University Ave Suite D
Albuquerque, NM
 
Hertz - Blue Sky Aviation
(575) 389-8888
427 County Road 12.5
Texico, NM
Hours
Mo-Fr 0800-2000, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(505) 343-1778
522 2Nd St Nw
Albuquerque, NM
 
Hertz - Dona Ana County Airport
(915) 775-6960
8000 Airport Road
Santa Teresa, NM
Hours
0500-2400 7 days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System

Enterprise Rent-A-Car
(505) 474-3234
4462 Cerrillos Rd
Santa Fe, NM

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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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