Renting a Car

• Renting a car can be a huge expense, especially when you go for a long-term rental, but it also gives you the freedom of not being stuck in a set-lease term. Most companies also offer unlimited mileage for your rental, so this is another expense you won't have to worry about.
  
  

Leasing a Car

• Leasing a car is a cheap way of getting much more car than you are paying for, but you are also obligated to maintain the vehicle, and return it within a specific period and under a certain allotted mileage.
  
  

Insuring Your Lease

• When you lease a vehicle, you are usually required to get the highest amount of coverage there is for the vehicle. Remember, you are only borrowing the car from the bank, so it wants to have its investment covered in case of accidents.
  
  

Insuring your Rental

• When you rent your vehicle, you can opt to not get any insurance. If you have your own insurance for a different vehicle, this will usually cover you as far as basic liability is concerned.
  
  

Conclusion

• Renting gives you the freedom to not be stuck with the same car for a set amount of months, but it also probably costs you triple or quadruple the amount of a similarly leased vehicle. And even though you can opt to not get the optional insurance, you will be unhappy if something happens to your rental car.