How owning a car can be more cost-effective than renting one

[cherry123]

The thing is that owning cars is more comfortable and better than renting. cost of renting a good car in my region is really high than owning one. You can go anywhere with your car

 

[Stardom22]

For me I have never been into any one of the two experiences. I however have no idea about what each of the experience behaves in the real life situations.

 

[Blessed19]

There is no reason you will go to where by renting of cars is having less cost-effectiveness compared to actually owning the car as renting a car for a year the money used for that would have been enough to buy you a new car.

 

[cherry123]

I don't know about other countries but here in my region owning the car is better than renting a car. You would pay less for a new car than renting same for a year

 

[capri]

I strongly hold that a person who uses a personal car to commute to work incurs significantly higher expenses than a counterpart who travels to work via public transport means. Besides paying for fuel and miscellaneous things, the person riding on a personal car has to pay for parking.

 

[Heatman]

If you use a car frequently, such as for commuting to work or running errands, owning a car can be more cost-effective in the long run.
If you need a specific type of car for your lifestyle or occupation, renting may not have the options you need.
In certain areas, rental car options may be limited, making it more cost-effective to own a car.

If you are going to have a constant need of making use of a car all the time to run your business, it is far more better for you to save money and buy one instead of making use of renting service because it will save you money on a long run.

 

[IB D]

It is not advisable to rent cars as a routine as it would drain your money. It is even far cheaper you take public transport than constantly renting a car. Owning a car is by far the cheapest option in the long term.

 

[astutimeliana723]

Owning a car can be more cost-effective than renting a car, when we are frequently out on business. So you need a car as a means of transportation. And conversely, if you rarely go out for business, because the business is online-based, then renting a car is more economical, because you don't have to pay for maintenance every month.

 

[eldavis]

Renting car us very expensive. It's better to get a new car which you can pay in installment, banks can finance your car loan and they have good terms too.

True, though renting once would be cheaper than when you buy, but if you look at all the times you would have to rent a car, it would be better to just buy yours once and for all.

Post automatically merged: Jul 6, 2023

I strongly hold that a person who uses a personal car to commute to work incurs significantly higher expenses than a counterpart who travels to work via public transport means. Besides paying for fuel and miscellaneous things, the person riding on a personal car has to pay for parking.

You have a point though cause the truth of the matter is that you would have to maintain the car as well besides buying fuel. Cars falls into the category of liabilities, but if you are using it to generate income then it can be seen as an asset.