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Difference Between Car Leasing and Renting Norman OK

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
(405) 364-1501
700 E Lindsey St
Norman, OK
 
Aarons Sales & Lease Ownership
(405) 360-2155
2209 W Main St
Norman, OK
 
Reynolds Ford
(405) 364-2371
1308 N Flood Ave
Norman, OK
 
Ferguson Buick GMC
(405) 321-5820
1015 N Interstate Dr
Norman, OK
Hours
Mon: 8:00 AM - 8:00 PM Tue: 8:00 AM - 8:00 PM Wed: 8:00 AM - 8:00 PM Thu: 8:00 AM - 8:00 PM Fri: 8:00 AM - 8:00 PM Sat: 8:00 AM - 8:00 PM

Hertz - Cruise Aviation
(405) 292-0484
1700 Lexington
Norman, OK
Hours
0800-1800 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

U-Haul Company
(405) 360-1702
1102 N Flood Ave
Norman, OK
 
Budget Car & Truck Rental
(405) 360-3025
558 W Main St
Norman, OK
 
Hertz Penske Truck Rental
(405) 364-4721
101 S Webster Ave
Norman, OK
 
Norman Chrysler Jeep Dodge
(405) 329-5770
551 N Interstate Dr
Norman, OK
 
Hertz - 1306 North Interstate Drive HLE
(405) 292-0484
1306 North Interstate Drive
Norman, OK
Hours
Mo-Fr 0730-1800, Sa 0900-1200, 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. In-Car Navigation System , 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.

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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