Published on : 09 September 20193 min reading time
Not all people have cars. Some people who own them find themselves in positions where they don’t have access to their own car. Like, if you go on a vacation to Hawaii, you won’t have your car. Tough luck. Sometimes people don’t want to drive their own car on a long trip, if you catch the airlines just right, you can save money by flying, but you’ll be without a car unless you rent one.
Imagine that you live in the suburbs. But the city is where you have your job. Your home is within a few blocks of a bus stop. Since you spend so much of your time at work, why have a car sitting in a paid parking space? That space is costing you $50-100 a month at least.
Return it on Sunday after riding around town, doing the shopping, even driving to a restaurant for dinner. That adds up to about $20 for all the necessary car use. Over the course of a year that’s about $1040, a lot less than owning a car with all the associated costs. The car rental is a bargain.
Sure buying a car is the better idea if you use your car all the time. Owning a car can be terribly convenient or even a neccesity.
For getting groceries and running errands, you might need to own a car.Then again in some cases with a little planning there’s no purchase necessary, just rent for the short term use. if you only got groceries or major items on the weekends you could rent a vehicle for one day to go do those things. also, you could maybe borrow a vehicle from a friend or family member.
Renting just for when you need the vehicle can make a lot of sense in a lot of cases. For example, hauling a lot of heavy stuff. If you don’t own a truck, you can just rent one. That way, you don’t have a very expensive truck payment each month.
A rental vehicle really is a way to save some money when you use them correctly. The biggest thing to understand when renting a car versus buying a car is to know that in many cases, you don’t necessarily need your vehicle all the time. Usage should dictate your buying decision.
Thus, if you only rented a vehicle when he needed it and avoided a monthly payment for owning a normal car, you would save a lot of money. Just make sure that you do your math before actually renting or buying a car. That way you make sure you make the right choice.
Regardless of renting vs buying a car, being informed before making your buying decision will help. Keep your options open and be a smart consumer when it comes to big ticket purchases. You’ll always come out ahead that way.
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