Car Leasing 101 - What is Auto Leasing ? - Renting and Financing

Renting a Car

Renting a car is just what you'd expect: You pay by the day or week, with or without mileage fees, as you'd do at home. Generally this is a very short time period where you would pay higher fees for the vehicle.

Financing a Car

Financing is designed for those want to achieve ownership of an automobile. Yes – true, you can achieve ownership from leasing a car through buying out the remainder of the vehicle lease to own the car or truck (or take over a car lease from someone else) but the focus here is the goal you initially intend to do with the vehicle. If you first intend to purchase the vehicle, then financing probably the best means to go as it would be the lesser cost of the two.

Part I: What is Auto Leasing - Common Questions