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Difference Between Car Leasing and Renting Searcy AR

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.

Budget Rental Car
(501) 268-8235
1614 E. Booth Rd.
Searcy, AR
Hours
Mon-Sat 8to6
Special Services
Free pick up

U-Haul Company
(870) 425-9115
3109 Commerce Dr
Jonesboro, AR
 
Penske Truck Rental
(479) 750-4333
1507 W Shady Grove Rd
Springdale, AR
 
Alamo Rent A Car
(910) 485-2134
Fayetteville Airport
Fayetteville, AR
 
National Car Rental
(910) 485-2133
Fayetteville Airport
Fayetteville, AR
 
Enterprise Rent-A-Car
(501) 268-6099
2204 E Race Ave
Searcy, AR

Data Provided by:
Enterprise Rent-A-Car
(479) 648-1117
1410 Zero St
Fort Smith, AR

Data Provided by:
Enterprise Rent A Car
(870) 972-0505
2800 S Caraway Rd
Jonesboro, AR
 
Enterprise Rent-A-Car
(870) 534-7766
2217 S Olive St
Pine Bluff, AR

Data Provided by:
Enterprise Rent-A-Car
(501) 537-2880
1 Airport Rd
Little Rock, AR

Data Provided by:
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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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