Which is cheaper, a vehicle leased monthly or a rental vehicle?

The answer to this question depends upon the individual needs of the department and drivers and how often the vehicle is used. Over the course of a year, a lease vehicle will cost about half as much as the cost to rent a vehicle of a similar type for sporadic use. The difference is a lease requires that you pay a minimum of one year’s worth of monthly lease costs, with a 90-day notice after the first year to return the vehicle to Fleet Services. Leasing a vehicle also provides a department with some flexibility in deciding exactly what vehicle options are needed in order to meet work needs.