Meaning of the word "car rental" in English

What does "car rental" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

car rental

US /kɑːr ˈren.t̬əl/
UK /kɑː ˈren.təl/
"car rental" picture

Noun

the act of paying to use a car for a short period of time, or a company that provides this service

Example:
We need to find a car rental agency at the airport.
How much does the car rental cost per day?