Renting a Car vs Leasing a Car – Finalrentals

Whether it be a weekly car rental, monthly, or be it a lease, just remember one thing: The longer you rent, the lesser you pay.

Hiring a car on rent is one of the ways to get a car. When you hire a car on rent within 12 or up to 12 months, then it comes on rent. However, if you want to hire it on rent for more than 12 months, it becomes a lease. Leasing a car is cheaper than hiring it on rent (be it monthly or weekly). However, when you hire a car on rent on a monthly basis, it is cheaper than hiring a car on a weekly basis.

That being said, below are some of the differences shared between renting a car and getting a car on lease. Making an informed decision with regards to satisfying your needs through renting a car or leasing a car can become easier for you. Afterward, you can decide better once you are done acquiring the necessary information.

Renting vs Leasing

There are few differences to be addressed here with regards to renting and leasing a car. If you are reading this post to know which one suits you the best, this is something no one can answer other than you and the person of concern with you.

The reason is, you have identified your needs better than the company’s writer. However, knowing the differences between renting and leasing a motor vehicle can make it easy for you to make a decision.

That being said, let’s move on towards knowing the key points of renting a vehicle.

  • You can hire a vehicle on rent for a duration of 12 months or less.
  • Insurance of the vehicle is totally your choice.
  • The rented car can be easily changed with a new one.
  • It is more expensive than leasing a car.
  • Rental cars are supplied/provided by the car rental agencies.

When leasing a car:

  • If you want a car for more than 12 months, then you will have to lease a car.
  • Car Insurance is necessary when getting a car on lease.
  • Since you have leased a car for more than 12 months, you can’t change this leased car for a new one.
  • Leasing a car is cheaper than hiring a car on rent.
  • Leased cars are usually provided by the dealers.

Also note: A contract is signed with regards to area restriction when you lease a car.  You are obliged to pay charges/fines when you drive a leased car out of the area. Leased car services are for everybody, for the residents, and for travelers as well.

Conclusion

Once you identify your needs, you can make a wise decision with regards to which one suits you the best. If hiring a car on rent is a choice you think fits best to you, you can go for it.

As of now, you know that hiring a car on rent can take place/ is possible if it is up to 12 months or under. If you want your motor vehicle for more than 12 months, then you are basically signing up for a leased contract. However, leasing a car is cheaper than hiring a car on rent. It comes with the condition of signing a contract which limits the area in which you can drive. Driving out of the restricted area attracts extra charges/ fines.

Whether it’s hiring a car on rent or it’s getting a car on a lease, both can be achieved through Finalrentals. We are not a dealer or a separate rental company, we are only a third party that enjoins you with several rental car companies.

How? Instead of letting you open 10 tabs of different rental car websites to find a good fit, we cut down your number of tabs by letting you search for a car on our website. If the car is found, you will be shown that this car is from Budget Car Rental or Autorent or Shift Car rental and the like.

The above mentioned is one among several things that you can do with Finalrentals.

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