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is it better to rent a car versus buying one?
i just got out of a trap with a dealership.they wanted me to sign a new contract,i refused,i was able to give them there car back with no bs( they were not happy) i dont want to get set up again.so is it a good idea to rent a car for a while until i can save up and think things through? have any of you rented a car monthly?
thanks everybody,sorry jason,but i live in good ol california! lol
9 Answers
- J. W. HLv 51 decade agoFavorite Answer
I suggest that you check with your nearest credit union and then join one.. it only cost 50 bucks.. then do your financing through them.. you will get a better rate and lower payment.. get approved through the credit union on a certain amount and then go buy the car that equals the loan amount.. you will be smiles and miles ahead of the dealerships.. credit union.. the difference is amazing.. good luck
- 1 decade ago
I feel you...cars are expensive and dealerships/lenders are always capitalyzing, however renting a car is Very expensive...even if you get the cheapest rate, smallest ride (probably around $20 a day) You will be paying $560. a month. ,which is going to make it more difficult to save money...I have a benz and my payments monthly are $500. so you can do the math + you will need insurance...If you can I would suggest to take public transportation while you save...if you cant do that try and buy a scraper (thats what we call them in the hood)...a bucket :) something you can buy and own outright...forget payments...thats how THE MAN gets you...believe me if I could get out of my current loan, without loss, I would..there is so much more we can do with our money..feel me...I hope you everything works out for you..God bless...P
Source(s): experience - 1 decade ago
Well I would definately buy one. You cant keep a rented car forever. You also have to pay every month for a rented car. If you buy a car you can keep it as long as you want and after a few years you dont have to pay for a bought car anymore.
Source(s): google.com - mccoybluesLv 71 decade ago
renting long term is a huge waste of money. That's like moving into a hotel instead of an apartment.
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- Anonymous1 decade ago
Renting is costs more than buying...but, if you are in a bind for transportation it beats getting into the wrong long-term situation.
- 1 decade ago
Are you serious....renting a car 125.00 a week for a sub compact = 500.00 a month. you can buy a new 08 tahoe for less than 500.00 a month. Renting not smart.
- 1 decade ago
it sounds like you are talking about leasing. There are pro;s and cons. If you would like some honost help and live in the Michigan, ohio, ill. indiana area let me know. My name is Jason Meekhof and i have been in business for years. 231-799-2886
