Auto Leasing Guide
Go to LeaseGuide.com now !

Difference Between Car Leasing and Renting Pawtucket RI

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.

Standard Auto Body Inc
(401) 726-9700
379 Roosevelt Ave
Pawtucket, RI
 
Hertz - Crown Collision HLE
(401) 729-6029
180 Broadway
Pawtucket, RI
Hours
Mo-Fr 0800-1700, Sa-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., 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.

U-Haul Company
(800) 468-4285
125 Newell Ave
Pawtucket, RI
 
Hertz Corp
(800) 654-3131
180 Broadway
Pawtucket, RI
 
United Rent A Car Inc
(401) 722-4270
1588 Newport Ave
Pawtucket, RI
 
Enterprise Rent A Car
(401) 729-1500
458 Broadway
Pawtucket, RI
 
U-Haul Company
(401) 724-8573
2 Lonsdale Ave
Pawtucket, RI
 
Enterprise Auto Rental
(401) 729-1500
58 Broadway
Pawtucket, RI
 
AA Independent Rental Sales Service & Leasing
(401) 726-9700
379 Roosevelt Ave
Pawtucket, RI
 
Enterprise Rent A Car
(401) 727-0431
1101 Newport Ave
Pawtucket, RI
 

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...

Click here to read the rest of this article from Lease Guide