This is almost the same as renting vans, but usually involves the maintenance and liability of the financial or leasing company. PandaTip: In this car rental example, the «lessor» is the person who owns the vehicle and the «renter» is the person who will rent it. The renter is not required to be a licensed driver (the list of drivers can be found in Appendix B). The tenant can be a natural or legal person (such as a company). If the tenant is a natural person, you must amend the above clause to reflect this fact. However, the biggest downside to renting is that you`ll probably spend more in the long run than if you had bought a car and used it for many years. Since you do not own the vehicle, your use of the car must comply with the restrictions set out in your rental agreement, which is why it is important to read this document carefully. . .