The Difference Between Computer Rental and Computer Leasing

People confuse computer renting with leasing. Renting is short term in nature and is very flexible. You can extend the rental or cancel at any time. Leasing, like buying, can't be cancelled without a 'severe penalty' once you have committed. Leasing is a fixed arrangement. Renting is totally flexible.

Use the same analogy for renting cars as for renting computers. You wouldn't rent a car from Hertz® or Avis® for three years, would you? You might lease a car for three years from GMAC® or a lease a computer from GE Equipment Leasing®, but you wouldn't be able to rent one for a day or two from those companies.

Why Rent A Computer?