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Best Rate Guarantee
Create or log in to your Budget.com account to get the best rate.
Exceptions:
- Car Rental rates from other car rental companies (including but not limited to Avis, National Enterprise, Alamo, Sixt, Dollar, Payless, etc) do not qualify.
- Rates obtained through the use of discounts, coupons, upgrade offers, pre-negotiated (e.g.. group, government, corporate, tour, insurance replacement rentals) or similar rates do not qualify.
- Car rental included as a part of a package rate (e.g. airfare + hotel + car rental, hotel + car rental, airfare + car rental) does not qualify.
- Car rental rates found on an auction or wholesale websites which do not display the name of the car rental company until after purchase, do not qualify.
- Car rental rates obtained from a website that requires a member login order to obtain the rate do not qualify
Free Day earned on 3rd day Minimum
Offer of one day free of the daily time and mileage charges on an intermediate (group C) through a full-size four-door (group E) car. Taxes, concession recovery fee, customer facility charges ($10/contract in CA) and fuel charges are extra. Optional items such as LDW and other surcharges may apply and are extra. Offer valid on minimum three-day rental. The renter is responsible for any additional time and mileage charges over one day. Coupon cannot be used for one-way rentals. One coupon per rental. Offer may not be used in conjunction with any other coupon, promotion or offer. Coupon valid at Budget locations in contiguous U.S. (excluding the New York Metro area). Holiday and other blackout periods may apply. If a rental begins during a blackout period, the whole rental is blacked out and doesn't qualify for use of coupon. An advance reservation is required. Customer must provide profile number associated with the coupon. Reservation must be cancelled by rental date, or coupon will be used. Offer subject to vehicle availability at time of reservation and may not be availabe on some rates at some times. For reservations made on Budget.com, free day will be applied at the time of rental. Budget reserves the right to alter the terms and conditions and use of coupons. Budget reserves the right to refuse or expire coupons at any time without prior notification. Coupons cannot be applied to completed rentals. Renter must meet Budget age, driver and credit requirements. Minimum age may vary by location. An additional daily surcharge may apply for renters under 25 years old. Rental must begin on or before 12/31/23.
FREE UPGRADE
One car class upgrade subject to availability on compact through full-size four-door car booking.
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5-Star Safety
The National Highway Transportation Safety Administration from time to time rates vehicles for safety standards. Based on our last review, this vehicle was rated as a 5-star vehicle. Please note these ratings are subject to change and reflect our last review.
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You may be subject to further employment verification at time of rental.
You can always add a new discount code if you have one.
Best Rate Guarantee
Create or log in to your Budget.com account to get the best rate.
Exceptions:
- Car Rental rates from other car rental companies (including but not limited to Avis, National Enterprise, Alamo, Sixt, Dollar, Payless, etc) do not qualify.
- Rates obtained through the use of discounts, coupons, upgrade offers, pre-negotiated (e.g.. group, government, corporate, tour, insurance replacement rentals) or similar rates do not qualify.
- Car rental included as a part of a package rate (e.g. airfare + hotel + car rental, hotel + car rental, airfare + car rental) does not qualify.
- Car rental rates found on an auction or wholesale websites which do not display the name of the car rental company until after purchase, do not qualify.
- Car rental rates obtained from a website that requires a member login order to obtain the rate do not qualify
Free Day earned on 3rd day Minimum
Offer of one day free of the daily time and mileage charges on an intermediate (group C) through a full-size four-door (group E) car. Taxes, concession recovery fee, customer facility charges ($10/contract in CA) and fuel charges are extra. Optional items such as LDW and other surcharges may apply and are extra. Offer valid on minimum three-day rental. The renter is responsible for any additional time and mileage charges over one day. Coupon cannot be used for one-way rentals. One coupon per rental. Offer may not be used in conjunction with any other coupon, promotion or offer. Coupon valid at Budget locations in contiguous U.S. (excluding the New York Metro area). Holiday and other blackout periods may apply. If a rental begins during a blackout period, the whole rental is blacked out and doesn't qualify for use of coupon. An advance reservation is required. Customer must provide profile number associated with the coupon. Reservation must be cancelled by rental date, or coupon will be used. Offer subject to vehicle availability at time of reservation and may not be availabe on some rates at some times. For reservations made on Budget.com, free day will be applied at the time of rental. Budget reserves the right to alter the terms and conditions and use of coupons. Budget reserves the right to refuse or expire coupons at any time without prior notification. Coupons cannot be applied to completed rentals. Renter must meet Budget age, driver and credit requirements. Minimum age may vary by location. An additional daily surcharge may apply for renters under 25 years old. Rental must begin on or before 12/31/24.
FREE UPGRADE
One car class upgrade subject to availability on compact through full-size four-door car booking.
How Does Long-Term Car Rental Compare to a Short-Term Lease?
How Does Long-Term Car Rental Compare to a Short-Term Lease?
Should I Lease a Car?
The short answer is it depends. A lease feels like an enticing deal: you get to drive a brand-new car without paying as much as you would to straight-up buy the vehicle. It’s not quite renting, but it’s not quite owning either.
Before you decide whether to rent or lease a car, make sure you consider the following factors:
How much you’ll pay overall
How long you’ll have the car
What you need to provide to use the car
What level of commitment you’re asked to make
Cost of Leasing Compared to Renting a Car
The final dollar amount is the paramount concern on most people’s minds when they’re about to take home a new car. After all, transportation is one of the biggest expense categories in any budget.
If you just compare a payment on a monthly lease to the rate of a monthly car rental, the numbers may look pretty similar. But let’s look deeper. What exactly goes into each of those figures? And what costs do you have to pay that aren’t part of that monthly fee?
Fees and Costs to Lease a Car
A lease typically includes additional fees written into the contract, such as:
Office administration/paperwork
Interest
Taxes
There are also some one-time costs associated with a lease:
Vehicle registration
Down payment
Security deposit
Plus, the driver has to assume some of the costs of daily use, including:
Auto insurance premiums
Maintenance and repairs
Gas
And finally, the driver may face additional fees at the end of the lease:
Mileage fees charged for exceeding the yearly limit
Wear and tear fees
Auction fees
Even without raw numbers to look at, it’s clear that these fees can add up—and you don’t even own the car when the bill is paid in full.
Fees and Costs of Renting a Car
The list of expenses on a long-term rental is much shorter:
The rental payments
A small security deposit
Any additional services or products the driver requests, such as e-tolls or satellite radio
Gas
Sales tax
The rental company takes care of the bigger expenses like auto insurance, vehicle registration, and maintenance. Plus, car rental companies usually give a good deal to renters who are taking the car for more than a few days. In most cases, the daily rate goes down the longer you rent. To investigate the cost of a rental, submit some rental dates in the form above, and you’ll see what car options are available and their rates.
Short-Term Car Lease vs. Long-Term Car Rental
Most people only associate renting a car with very short periods of time, like a long weekend or a quick vacation. If you’re already thinking about a lease, you may assume a long-term car rental won’t work in your situation.
Think again! A long-term car rental is an easy-to-find alternative to a short-term lease.
See for yourself:
Long-Term Car Rental |
Short-Term Lease |
Regular Lease |
|
Duration |
1-11 months |
Anything less than 2 years |
2-4 years |
Availability |
Most rental locations |
Very hard to find |
Many car dealerships |
Flexibility |
Rent from month to month |
Rigid start and end dates |
Rigid start and end dates |
Why are short-term auto leases so rare?
Car dealerships don’t offer many short-term leases for one simple reason: they are more expensive for the driver and therefore harder to sell to consumers.
A car lease works because it’s a win-win for the dealership and the driver. The dealer has room for new cars on the lot and recoups the cost of depreciation. The driver gets to use a new car for less than the cost of buying, and the 2-4 year time frame spreads the depreciation costs over several years so the driver ends up with reasonable monthly payments.
Because cars lose most of their value in the first year on the road, a short-term lease is much more expensive per month than a longer lease.
Requirements to Lease a Car
If you want to lease a car, it’s not as simple as just showing up at a dealership and picking out your favorite model. Getting a lease is actually more like getting a car loan than renting a car.
To lease a car, you’ll need all of the following:
A current driver’s license: The dealer needs to verify your identity and know you are authorized to drive.
A good credit score: The dealer wants to know you have a history of making payments in full and on time.
Auto insurance: The dealer wants to know their property (the car) is protected in case anything happens while you’re leasing it.
Proof of income: The dealer wants to know you have a source of income so you can make payments.
If you don’t have all of those credentials, you may be ineligible to lease a car, or you may have to bring a cosigner with you. A cosigner also puts their name on the loan and agrees to make the payments if you don’t.
Requirements to Rent
In contrast, renting a car is pretty simple. Here’s what you need:
A valid driver’s license
A credit card or debit card
Those are the main requirements to rent a car, even for a month or longer.
Wondering about a credit check? To pick up a car rental without a credit check, share your credit card. If you share a debit card instead, the rental company will want to ensure you’re financially secure enough to cover the car if something happens to it, so they will run a credit check.
Can I Get Out of a Car Lease?
You might be able to end your lease early, but you’ll probably run into high fees for ending the contract early. In some cases, you may even have to pay almost the full remaining balance, which basically nullifies the benefits of getting out of the lease.
If you want to get out of a lease, you have a few options:
Return the car to the dealer and take the penalties.
Transfer the lease to another driver (similar to subletting a property). Your name probably stays on the lease, though, so you’ll still be responsible for making sure it’s paid in full.
Sell the car and pay off the lease. You may have to come up with extra cash if the car sells for less than the remaining amount of the lease.
As you can see, it is hard to end a lease early.
Enjoy Flexible Contracts with Long-Term Rental
Leasing just can’t compare to the flexibility of a long-term car rental. You’re only responsible for the rental fees, and you can decide to extend or say goodbye to the car month to month. If your reason for needing a car might change before a lease comes to an end, a monthly car rental is probably the best choice.
What’s Best for You: Leasing or Renting a Car?
No one knows your situation like you, but hopefully this information helps point you in the direction that suits your needs. A lease works well for people who know what kind of car they want to drive and feel confident they’ll be happy driving it for a few years. A long-term car rental is ideal if you’re not ready for the full commitment of a lease, need a car for a shorter time frame, or have a smaller budget.
If you’ve settled on a long-term rental, book with Budget today. We have cheap monthly car rentals that can solve your transportation problem in a snap.Submit your rental dates in the form above to start your reservation.
Cost of Leasing Compared to Renting a Car
The final dollar amount is the paramount concern on most people’s minds when they’re about to take home a new car. After all, transportation is one of the biggest expense categories in any budget.
If you just compare a payment on a monthly lease to the rate of a monthly car rental, the numbers may look pretty similar. But let’s look deeper. What exactly goes into each of those figures? And what costs do you have to pay that aren’t part of that monthly fee?
Fees and Costs to Lease a Car
A lease typically includes additional fees written into the contract, such as:
Office administration/paperwork
Interest
Taxes
There are also some one-time costs associated with a lease:
Vehicle registration
Down payment
Security deposit
Plus, the driver has to assume some of the costs of daily use, including:
Auto insurance premiums
Maintenance and repairs
Gas
And finally, the driver may face additional fees at the end of the lease:
Mileage fees charged for exceeding the yearly limit
Wear and tear fees
Auction fees
Even without raw numbers to look at, it’s clear that these fees can add up—and you don’t even own the car when the bill is paid in full.
Fees and Costs of Renting a Car
The list of expenses on a long-term rental is much shorter:
The rental payments
A small security deposit
Any additional services or products the driver requests, such as e-tolls or satellite radio
Gas
Sales tax
The rental company takes care of the bigger expenses like auto insurance, vehicle registration, and maintenance. Plus, car rental companies usually give a good deal to renters who are taking the car for more than a few days. In most cases, the daily rate goes down the longer you rent. To investigate the cost of a rental, submit some rental dates in the form above, and you’ll see what car options are available and their rates.
Short-Term Car Lease vs. Long-Term Car Rental
Most people only associate renting a car with very short periods of time, like a long weekend or a quick vacation. If you’re already thinking about a lease, you may assume a long-term car rental won’t work in your situation.
Think again! A long-term car rental is an easy-to-find alternative to a short-term lease.
See for yourself:
Long-Term Car Rental |
Short-Term Lease |
Regular Lease |
|
Duration |
1-11 months |
Anything less than 2 years |
2-4 years |
Availability |
Most rental locations |
Very hard to find |
Many car dealerships |
Flexibility |
Rent from month to month |
Rigid start and end dates |
Rigid start and end dates |
Why are short-term auto leases so rare?
Car dealerships don’t offer many short-term leases for one simple reason: they are more expensive for the driver and therefore harder to sell to consumers.
A car lease works because it’s a win-win for the dealership and the driver. The dealer has room for new cars on the lot and recoups the cost of depreciation. The driver gets to use a new car for less than the cost of buying, and the 2-4 year time frame spreads the depreciation costs over several years so the driver ends up with reasonable monthly payments.
Because cars lose most of their value in the first year on the road, a short-term lease is much more expensive per month than a longer lease.
Requirements to Lease a Car
If you want to lease a car, it’s not as simple as just showing up at a dealership and picking out your favorite model. Getting a lease is actually more like getting a car loan than renting a car.
To lease a car, you’ll need all of the following:
A current driver’s license: The dealer needs to verify your identity and know you are authorized to drive.
A good credit score: The dealer wants to know you have a history of making payments in full and on time.
Auto insurance: The dealer wants to know their property (the car) is protected in case anything happens while you’re leasing it.
Proof of income: The dealer wants to know you have a source of income so you can make payments.
If you don’t have all of those credentials, you may be ineligible to lease a car, or you may have to bring a cosigner with you. A cosigner also puts their name on the loan and agrees to make the payments if you don’t.
Requirements to Rent
In contrast, renting a car is pretty simple. Here’s what you need:
A valid driver’s license
A credit card or debit card
Those are the main requirements to rent a car, even for a month or longer.
Wondering about a credit check? To pick up a car rental without a credit check, share your credit card. If you share a debit card instead, the rental company will want to ensure you’re financially secure enough to cover the car if something happens to it, so they will run a credit check.
Can I Get Out of a Car Lease?
You might be able to end your lease early, but you’ll probably run into high fees for ending the contract early. In some cases, you may even have to pay almost the full remaining balance, which basically nullifies the benefits of getting out of the lease.
If you want to get out of a lease, you have a few options:
Return the car to the dealer and take the penalties.
Transfer the lease to another driver (similar to subletting a property). Your name probably stays on the lease, though, so you’ll still be responsible for making sure it’s paid in full.
Sell the car and pay off the lease. You may have to come up with extra cash if the car sells for less than the remaining amount of the lease.
As you can see, it is hard to end a lease early.
Enjoy Flexible Contracts with Long-Term Rental
Leasing just can’t compare to the flexibility of a long-term car rental. You’re only responsible for the rental fees, and you can decide to extend or say goodbye to the car month to month. If your reason for needing a car might change before a lease comes to an end, a monthly car rental is probably the best choice.
What’s Best for You: Leasing or Renting a Car?
No one knows your situation like you, but hopefully this information helps point you in the direction that suits your needs. A lease works well for people who know what kind of car they want to drive and feel confident they’ll be happy driving it for a few years. A long-term car rental is ideal if you’re not ready for the full commitment of a lease, need a car for a shorter time frame, or have a smaller budget.
If you’ve settled on a long-term rental, book with Budget today. We have cheap monthly car rentals that can solve your transportation problem in a snap.Submit your rental dates in the form above to start your reservation.
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