Alex
Buy it. Be cheaper
Scott
Renting is always more expensive. Only rent a car for short term use.
regerugged
Buying is better. leasing a vehicle is the most expensive way to get one.
Anonymous
WTF renting would kill ya, buy something used
Mark
You mean lease vs buy? There are no long-term rental programs I know of that wouldn't be expensive.
Lease Advantages: new car every 2-3 years, only scheduled maintenance needed (sometimes it's included in the price),
Lease Cons: no equity, continually making payments, insurance rate higher as it's a new car, responsible for damage.
Buy New Advantage: new car; lower interest payments; when paid off continual ownership is lower but higher maintenance costs.
Buy New Cons: higher insurance; instant depreciation;
Buy Used Advantage: Major depreciation already taken; cheaper cost; look for off-lease models for best value
Buy Used Cons: higher interest rate; older car.
Overall best strategy is to buy a low-mileage 2-3 year old, off-lease vehicle for best price and long term equity.