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Difference Between Car Leasing and Renting Newport KY

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.

Avis Budget Group
(859) 746-1859
P.O. Box 75109
Cincinnati, OH

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Uhr Rents
(513) 528-6929
4513 Mount Carmel Tobasco Road
Cincinnati, OH

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SWAPALEASE Inc.
(513) 381-0100
9090 Colerain Avenue
Cincinnati, OH

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One Stop Rental - Tool & Party
(513) 777-3393
7971-B Cincinnati Dayton Road
West Chester, OH

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Hertz - Air 10
(859) 767-3535
358 Wilmer Avenue
Cincinnati, OH
Hours
0500-0200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. Previously known as Midwest Jet Center.

E Z Rent-All Co.
(513) 943-8000
3950 Nine Mile Road
Cincinnati, OH

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The Alleen Company
(513) 769-0393
11939 Tramway Drive
Cincinnati, OH

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Ryder Transportation Services
(513) 771-1133
2575 Commodity Circle
Cincinnati, OH

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Enterprise Auto Rental
(513) 871-4114
62 Wilmer Ave
Cincinnati, OH
 
Enterprise Auto Rental
(513) 651-0555
50 W 5Th St
Cincinnati, OH
 
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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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