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How is renting different from leasing?

different leasing renting
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How is renting different from leasing?

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When you rent, you are not locked into any time frame or dollar amount. You keep the equipment as long as you need it and pay only for the time you’ve had the equipment out for use. When you lease, you commit to an extended period of time and a set fee. Renting is the cheaper alternative! You only pay for what you use!

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