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Difference Between Car Leasing and Renting Sparks NV

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.

Silver State International Trucks
(775) 685-6000
2255 Larkin Cir
Sparks, NV
 
U-Haul Company
(775) 355-5704
465 S Rock Blvd
Sparks, NV
 
Hertz Corp
(775) 359-9090
1610 Kleppe Ln
Sparks, NV
 
Budget Truck Rental
(775) 356-2499
1595 Marietta Way
Sparks, NV
 
Paclease Preferred Truck Leasing
(775) 359-8840
1550 S Mccarran Blvd
Sparks, NV
 
Enterprise Rent A Car
(775) 331-2390
1100 Nugget Ave
Sparks, NV
 
Enterprise Rent A Car
(775) 331-6888
1450 E Prater Way Ste 113
Sparks, NV
 
U-Haul Company
(775) 359-2912
1930 Prater Way
Sparks, NV
 
Enterprise Auto Rental
(775) 331-6888
450 East Prater Way, Ste 113
Sparks, NV
 
Enterprise Auto Rental
(775) 331-2390
100 Nugget Ave
Sparks, NV
 

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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