When it comes to renting a car, people often consider it as leasing a car. Although at first instance both these concepts sound the same, there is a huge difference between them. Mainly is of ownership. When you rent a car you have to drive it according to the terms and conditions mentioned in the contract. You are not the owner of the car. On the other side, leasing the car offers you its ownership for the period you have leased it. If you are going to Paxos Island in Greece for a vacation and planning for car hire in Gaios Paxos, but are confused between renting and leasing a car, then this blog is for you.

1. Difference between the Terms and Conditions: The terms and conditions determined in the contract of renting a car are mainly for a short period, say for two to three weeks. Depending upon the duration of your vacation. Whereas, the terms and conditions for leasing a car are mainly for the long term. Leasing a car comes with many benefits including cost savings. This, however, as mentioned above depends upon your requirement. If you are going for a short vacation, then renting a car is a good option. But if you want to stay for a long time, say for six to seven months, then leasing a car is best for you.
2.  Requirement for Insurance: Insurance is required in both cases. The terms and conditions may vary. Some car rental agencies will offer you the option of not paying the insurance. Depending upon your requirements different options for insurance are provided by the car rental agencies. It is important to understand the process of insurance from a car rental agency or the dealership offering the facility of car leasing. Buying insurance offers you protection against accidents and other unfortunate incidences. Keeping this factor in concern both car renting and leasing agency offer insurance to their customers.
3. Brand: When you lease a car you normally prefer a car that is branded and your preferred option. Depending upon your choice you can lease your favorite car to enjoy its drive. To lease a car, you have to visit a car dealer of a particular brand to lease a car of your choice. The car rental agencies on the other side offer you the option of selecting from the cars available in their fleet. These agencies have mainly cars from all-brand manufacturers, thus offering you the option to rent a car of your choice.

Conclusion: Renting a car is quite different from leasing a car. Where the former provides the freedom of travelling at your convenience during holidays, the latter allows you the freedom to drive your favorite car according to your needs for a fixed period. Leasing a car is the best option for people who couldn’t own a car due to a limited budget. Renting a car is the best option for holidays, whereas leasing a car allows you the freedom to drive your dream car in your city.