Do rental car companies lease or purchase?

Question:
Do rental car companies lease or purchase their cars from car manufacturers?

Did you know that two thirds of our trade deficit with Japan is caused by imported cars and car parts?

If leased, do they owe more on the lease than the value of the depreciated car?

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All replies welcome.

Answers:

01 mitsubishi eclipse w/91,000 miles will need new engine. i owe $8,000 on it?

Rental car companies definitely buy their cars. They buy them in bulk and the auto manufacturer give them big discounts to save money. It would make no sense for a major car rental company to lease their cars.

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