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Difference Between Car Leasing and Renting Texarkana 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 - Municipal Airport HLE
(870) 773-1192
309 Airport Drive
Texarkana, AR
Hours
Mo-Fr 0830-2130
Sa 1000-1700
Su 1100-2130
Special Services
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., Gold Counter Service , 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.
Additional Information
After Hours - After hour returns are allowed. Park car in Hertz area, place keys and rental record in drop slot built into the counter. Bus - Approximately 5 miles from the bus station. Railroad - Approximately 5 miles from the railroad station.

Hertz Corp
(910) 868-1950
5945 Cliffdale Rd
Fayetteville, AR
 
Riggs Cat
(870) 932-5473
3701 E Parker Rd
Jonesboro, AR
 
Crown Limousine
(910) 483-5135
2708 Owen Dr
Fayetteville, AR
 
Penske Truck Rental
(479) 750-4333
1507 W Shady Grove Rd
Springdale, AR
 
Enterprise Rent A Car
(910) 484-2888
2625 Raeford Rd
Fayetteville, AR
 
Enterprise Rent A Car
(479) 648-1117
1410 S Zero St
Fort Smith, AR
 
Presidential Conversions
(870) 933-7270
2500 Commerce Dr Bldg A Ste B
Jonesboro, AR
 
U-Haul Company
(870) 425-9115
3109 Commerce Dr
Jonesboro, AR
 
PacLease
(479) 785-9600
901 Fresno St
Fort Smith, AR
 

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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