Is there a difference between car leasing and renting a car? Absolutely! There are differences in obtaining a car through car leasing versus renting a car versus financing a car. Fundamentally the differences may sound similar, but it’s important to know and understand these differences.
Rent a Car
Renting a car is pretty much what is says. You pay x dollars at a set frequency (ex. hourly, daily, weekly, monthly). Renting a car is typically for a very short period of time, unlike car leasing which is 24, 36, 48 months (unless you take over a short term car lease on a lease transfer). When an individual rents a car, they typically incur a higher cost / fee for the time spent driving the vehicle. Continue reading “Car leasing versus renting” »