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Vehicle Rental Activities
9 Months Ended
Sep. 30, 2018
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,
 
2018
 
2017
Rental vehicles
$
13,418

 
$
11,652

Less: Accumulated depreciation
(1,701
)
 
(1,652
)
 
11,717

 
10,000

Vehicles held for sale
446

 
626

Vehicles, net
$
12,163

 
$
10,626



The components of vehicle depreciation and lease charges, net are summarized below: 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2018
 
2017
 
2018
 
2017
Depreciation expense
$
540

 
$
547

 
$
1,536

 
$
1,500

Lease charges
72

 
67

 
192

 
164

(Gain) loss on sale of vehicles, net
(25
)
 
2

 
(35
)
 
53

Vehicle depreciation and lease charges, net
$
587

 
$
616

 
$
1,693

 
$
1,717



At September 30, 2018 and 2017, the Company had payables related to vehicle purchases included in liabilities under vehicle programs - other of $269 million and $231 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $757 million and $707 million, respectively.