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Vehicle Rental Activities | 3 Months Ended
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Mar. 31, 2024
Property, Plant and Equipment [Abstract] |
Vehicle Rental Activities | Vehicle Rental Activities The components of vehicles, net within assets under vehicle programs are as follows:
| As of |  | As of
| March 31, |  | December 31,
| 2024 |  | 2023
Rental vehicles | $ | 24,110 |  |  | $ | 23,114 |
Less: Accumulated depreciation | (2,647) |  |  | (2,639) |
| 21,463 |  |  | 20,475 |
Vehicles held for sale | 521 |  |  | 734 |
Vehicles, net investment in lease (a) | 36 |  |  | 31 |
Vehicles, net | $ | 22,020 |  |  | $ | 21,240 |
________ (a) See Note 14 – Related Party Transactions. The components of vehicle depreciation and lease charges, net are summarized below:
|  |  | Three Months Ended March 31, |
|  |  |  |  | 2024 |  | 2023 |
Depreciation expense |  |  |  |  | $ | 562 |  |  | $ | 477 |  |
Lease charges |  |  |  |  | 35 |  |  | 38 |  |
(Gain) loss on sale of vehicles, net |  |  |  |  | 39 |  |  | (250) |  |
Vehicle depreciation and lease charges, net |  |  |  |  | $ | 636 |  |  | $ | 265 |  |
At March 31, 2024 and 2023, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $483 million and $314 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $239 million and $137 million, respectively.

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