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Difference Between Car Leasing and Renting Vincennes IN

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.

Thrifty Car Rental
(317) 243-2282
7800 Col H Weir Cook Mem Dr
Indianapolis, IN

Data Provided by:
Budget Rent A Car
(812) 238-9963
2629 S 3rd St
Terre Haute, IN

Data Provided by:
Enterprise Auto Rental
(260) 482-2662
006 Lima Rd
Fort, Wayne, IN
 
U-Haul Company
(219) 932-4844
25 Gostlin St
Hammond, IN
 
Enterprise Rent A Car
(219) 933-8181
5716 Indianapolis Blvd
Hammond, IN
 
Alamo Rent A Car
(812) 339-3443
1616 S Walnut St
Bloomington, IN
 
U-Haul Company
(219) 924-1003
9726 Fran Lin Pkwy
Hammond, IN
 
Enterprise Auto Rental
(317) 780-4433
901 S East St Ste B
Indianapolis, IN
 
Hertz - Color Craft Auto Body HLE
(219) 759-1580
677 West State Road 130
Hobart, IN
Hours
Mo-Fr 0900-1800
Sa-Su Closed
Special Services
Child Seats, 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.

Enterprise Auto Rental
(317) 243-8988
602 S Banner Suite 1
Indianapolis, IN
 
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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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