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Difference Between Car Leasing and Renting Mitchell SD

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
(605) 642-3755
814 N Ames St
Spearfish, SD

Data Provided by:
Hertz - Rapid City Regional Airport
(605) 393-0160
4550 Terminal Road
Rapid City, SD
Hours
Mo-Fr 0700-2300, Sa 0800-2100, Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Foss Field
(605) 336-8790
2801 Jaycee Lane
Sioux Falls, SD
Hours
Mo-Fr 0700-2300, Sa-Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed as long as the terminal building is open. Times may vary depending on delayed flight arrivals. If open, park vehicle in the Hertz area. Place keys and rental record in the Hertz designated Express Return at the counter.

Hertz - Landmark Aviation
(605) 336-8790
3501 Aviation Avenue
Sioux Falls, SD
Hours
Mo-Fr 0700-2300, Sa-Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
Located at the Sioux Falls Regional Airport. This location was formerly known as 'Encore Aviation'.

Enterprise Rent-A-Car
(605) 393-4311
4550 Terminal Rd Ste 202
Rapid City, SD

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Enterprise Rent-A-Car
(605) 399-9939
1254 E North St
Rapid City, SD

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Hertz - West Jet Air Center
(605) 393-0160
4160 Fire Station Road
Rapid City, SD
Hours
Mo-Fr 0700-2300, Sa 0800-2100, Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Auto Rental
(605) 977-6100
322 N Minnesota Ave
Sioux, Falls, SD
 
Enterprise Auto Rental
(605) 323-1173
101 W 41St Street
Sioux, Falls, SD
 
Enterprise Auto Rental
(605) 338-4100
801 N Jaycee Ln
Sioux, Falls, SD
 
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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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