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Difference Between Car Leasing and Renting Siloam Springs 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.

Hertz Car Rental
(479) 549-3662
1024 South Warshington
Siloam Springs, AR
Special Services
Pick up and Deliver in Siloam Springs

Alamo Rent A Car
(910) 485-2134
Fayetteville Airport
Fayetteville, AR
 
Enterprise Auto Rental
(501) 316-4141
9821 Interstate 30
Benton, AR
 
National Car Rental
(910) 485-2133
Fayetteville Airport
Fayetteville, AR
 
Hertz - Super Marine Of Little Rock
(501) 375-7307
2201 Bond Avenue
Little Rock, AR
Hours
Mo-Fr 0600-0030
Sa 0600-2300
Su 0600-0030
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Tac Air
(479) 649-0961
5300 Airport Boulevard
Fort Smith, AR
Hours
24 Hours
7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only. Walkins are not allowed.

Penske Truck Rental
(910) 868-4120
589 N Reilly Rd
Fayetteville, AR
 
Enterprise Rent-A-Car
(870) 534-7766
2217 S Olive St
Pine Bluff, AR

Data Provided by:
Riggs Cat
(870) 932-5473
3701 E Parker Rd
Jonesboro, AR
 
Carolina Car Rentals
(910) 864-0004
1114 Pamalee Dr
Fayetteville, AR
 
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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