Short Term Car Leasing and Renting a Car

As we previously learned, car leasing is an option that lets you pay for the portion of a car you expect to use over a specified term, plus a rent charge, taxes and fees. It’s another means of paying for your car on a short term car lease basis – ex. 24 – 36 or more months. You get to “borrow” the car from a leasing company for a monthly cost and upon returning the car, the car dealer can sell the car for slightly used.

Get out of a car lease Resources:

• Auto Trader Lease Guide: Free downloadable ebook available at AutoTraderLeaseGuide.com on how to get out of your car lease with no penalities, or how to transfer / swap your car lease by avoiding the dealer / leasing company
• Swap a lease (swapalease): An online marketplace of car leases available to transfer
• Leasetrader (lease trader): An online marketplace to get out of your car lease
• Lease Busters : An online marketplace to get out of a car lease

The closest option of leasing compared to renting, is what is commonly known as a short-term car lease. A short-term lease provides the consumer significant savings over renting if you’re driving the car for 17 to 175 days (or more, depending where you live and the lease agreement). This may happen when some wants to transfer a car lease.

Renting on the hand is another means of acquiring a car to drive, but on an extremely short term basis, generally with high costs on a per day basis. Renting is generally known as driving the car for sixteen days or less.

Whether you wan to transfer an auto lease, or swap a lease to get out of a car lease and transfer the lease to another consumer, Auto Lease Busters is the online market place to begin your auto search.

What Are the Differences Between Renting a car Vs Short-Term Leasing?

Renting a car

• Typically no residence restrictions
• Minimum age restrictions, typically 19 to 25 years (in most countries 21 is the minimum age). Often young driver surcharges are applicable. Some rental companies and countries may also have a maximum age restriction – typically 70 years of age.
• More selection of cars, including recreation cars (RV’s), sport utility cars (SUV’s), trucks, domestic and foreign cars including luxury and sport cars.
• A variety of locations to pick up and drop off the car after the car rental period has ended. Ex. Rent a sports car in Toronto , Canada and drop off in Los Angeles , California , USA . If the rental company is established in different countries, states or provinces, the option to pick up and drop off in any location is usually available. International one-way rentals may require drop-off fees.
• In most countries, collision damage waiver is extra, or requires paying a higher inclusive rate.
• Typical rates include VAT of 16-20% or more. Major city locations and centres, such as airports, may impose surcharges.

Leasing a car Short-Term

• A short-term car lease from someone who break a car lease , or technically known as car lease assumption, can provide the consumer with significant savings if they’re driving for 17 to 175 days, or 1 year for teachers, students, and workers on temporary visas.
• Short-term leasing of a car is available only to drivers who live outside the EU or how have temporary visas.
• Short-term leasing of cars may only be limited to certain car types, depending on the country, state or province.
• Is only available to drives who are licensed and 18 years or older
• Short-term leasing have options to pick up and drop off at any authorized locations. Certain locations within Europe , excluding France , incur pick-up and/or drop-off fees.
• No VAT or airport or cit fees applicable
• Full insurance is included with no deductibles.

Now that you're aware of the differences between short term car leasing and renting a car, let's look at the advantages of a car lease.

Auto Lease Busters
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