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Vehicle Rental Activities
 9 Months Ended
Sep. 30, 2017
Vehicle Rental Activities [Abstract]  
Vehicle Rental Activities
Vehicle Rental Activities

The components of vehicles, net within assets under vehicle programs were as follows: 
 
As of
 
As of
 
September 30,
 
December 31,
 
2017
 
2016
Rental vehicles
$
12,993

 
$
10,937

Less: Accumulated depreciation
(1,627
)
 
(1,454
)
 
11,366

 
9,483

Vehicles held for sale
435

 
981

Vehicles, net
$
11,801

 
$
10,464



The components of vehicle depreciation and lease charges, net are summarized below: 
 
Three Months Ended 
 September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
Depreciation expense
$
547

 
$
523

 
$
1,500

 
$
1,453

Lease charges
67

 
57

 
164

 
133

(Gain) loss on sale of vehicles, net
2

 
(4
)
 
53

 
(15
)
Vehicle depreciation and lease charges, net
$
616

 
$
576

 
$
1,717

 
$
1,571



At September 30, 2017 and 2016, the Company had payables related to vehicle purchases included in liabilities under vehicle programs - other of $231 million and $164 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $707 million and $586 million, respectively.