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Difference Between Car Leasing and Renting North Las Vegas NV

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.

Penske Truck Rental
(702) 643-0385
4510 Vanderberg
North Las Vegas, NV
 
Paclease Preferred Truck Leasing
(702) 657-1500
4120 Donovan Way
North Las Vegas, NV
 
Kenworth Sales Las Vegas
(702) 399-2424
3033 Losee Rd
North Las Vegas, NV
 
Mccandless Isuzu Trucks
(702) 642-2065
3780 Losee Rd
North Las Vegas, NV
 
ATV Cycle Sports
(702) 222-3586
4440 E Craig Rd Ste 300
Las Vegas, NV
 
Dollar
(702) 657-9908
2450 Las Vegas Blvd N
North Las Vegas, NV
 
Peterbilt of Las Vegas
(702) 657-1500
4120 Donovan Way
North Las Vegas, NV
 
Budget Car & Truck Rental
(702) 736-1212
2000 Las Vegas Blvd N
North Las Vegas, NV
 
Enterprise Rent-A-Car
(702) 643-3605
5070 E Cartier Ave
Las Vegas, NV

Data Provided by:
U-Haul Company
(702) 642-0319
160 W Craig Rd
North Las Vegas, NV
 
Data Provided by:

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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