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Difference Between Car Leasing and Renting North Richland Hills TX

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
(817) 595-5914
6724 Baker Blvd
North Richland Hills, TX
 
Enterprise Rent A Car
(817) 514-3830
5700 Rufe Snow Dr
North Richland Hills, TX
 
U-Haul Company
(817) 656-2005
8221 Boulevard 26
North Richland Hills, TX
 
U-Haul Company
(817) 577-1732
6550 Browning Dr
North Richland Hills, TX
 
Hertz Local Edition
(817) 581-9264
6920 NE Loop 820
North Richland Hills, TX
 
Enterprise Rent-A-Car
(817) 284-1067
7035 Grapevine Hwy
Fort Worth, TX

Data Provided by:
U-Haul Company
(817) 284-2226
7047 Boulevard 26
North Richland Hills, TX
 
Penske Truck Rental
(817) 595-0797
7410 Boulevard 26
North Richland Hills, TX
 
Enterprise Rent A Car
(817) 590-2300
7700 Boulevard 26
North Richland Hills, TX
 
Enterprise Rent A Car
(817) 284-1067
7035 Boulevard 26
North Richland Hills, TX
 
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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