What's the difference between leasing something and renting something?

Question

Or are they the same?

Answer 1

I'm often confused by the two also, One .... leasing I believe... is you pay for the use of the product, and are also responsible for the maintenance and upkeep on said product. The other, renting... you pay for the use of the product, but the owner is still responsibe for maintenance and upkeep of it.
Typically, leasing is a longer term contract than renting.

Answer 2

with leasing you have the option to buy. with renting when your time is up the object still belongs to someone else.