8.	Vehicle Rental Activities

The components of the Company’s vehicles, net within assets under vehicle programs are as follows:


	As of September 30, 2012			As of December 31, 2011
Rental vehicles	$	10,799		$	9,077
Less: Accumulated depreciation		(1,323	)		(1,258	)

		9,476			7,819
Vehicles held for sale		867			537

Vehicles, net	$	10,343		$	8,356

The components of vehicle depreciation and lease charges, net are summarized below:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Depreciation expense	$	406		$	370		$	1,100		$	1,034
Lease charges		38			10			95			30
Gain on sales of vehicles, net and cost of vehicle disposition		(8	)		(76	)		(107	)		(224	)

Vehicle depreciation and lease charges, net	$	436		$	304		$	1,088		$	840