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Difference Between Car Leasing and Renting Southaven MS

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 - Seaport Airlines
(901) 345-5680
2540 Winchester Road
Memphis, TN
Hours
0600-2400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Signature Flight Support
(731) 345-4700
2488 Winchester Road
Memphis, TN
Hours
24 Hours, 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only. All reservations require private flight arrival, even for customers arriving by private plane on a previous day. No walkins allowed.

Enterprise Rent-A-Car
(901) 396-3736
2909 Airways Blvd
Memphis, TN

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Enterprise Auto Rental
(901) 398-2013
361 E Shelby Drive
Memphis, TN
 
Hertz - Memphis International Airport
(901) 345-5680
2560 Rental Road
Memphis, TN
Hours
0600-2400 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System , Covered Return Center
Additional Information
After Hours - After hour returns are allowed. Park the vehicle at the exit gate. Give the keys and rental agreement to the security guard on duty. Railroad - Approximately 11 miles from the railroad station.

Enterprise Auto Rental
(901) 345-8588
041 Brooks Road East
Memphis, TN
 
Enterprise Rent-A-Car
(901) 398-2013
1361 E Shelby Dr
Memphis, TN

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Enterprise Auto Rental
(901) 396-3736
909 Airways Blvd
Memphis, TN
 
Dollar Rent A Car
(901) 346-3161
2780 Airways Blvd
Memphis, TN

Data Provided by:
Hertz - Wilson Air Center
(901) 345-2992
2930 Winchester Road
Memphis, TN
Hours
24 hours, 7 days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only. No walkins allowed.

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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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