Is it better to rent a car or buy one?

There are several options, depending on your needs. If you only need a car infrequently, meaning once or twice a month, then rental may be your best option. You could either rent in the conventional way, or use a car sharing service like Zipcar, which allows you to use a car when you need it.

http://www.zipcar.com/

If you are going to need the car more often, you would be better off getting a car of your own. You could buy or lease. Leasing is an alternative form of financing. Both have fixed terms and payments. With a purchase you finance the whole price of the vehicle and pay that amount, plus interest, back to the finance source. With a lease you also finance the full price of the vehicle, and pay all the interest. You only repay part of the principle of the loan. A lease has an estimated value of the vehicle at the end of the lease term. (Residual value) This is deducted from the principle and you only pay the difference in your monthly payments.

For example:

Assume a vehicle that costs $30,000 and a trade in worth $5000. Also assume you are financing, or leasing the vehicle for 5 years. A final assumption is that at the end of the 5-year period, the vehicle is worth $7500.

With a purchase you would pay back $25,000 plus interest over the period of the loan. You would own the vehicle (worth $7500) You can keep it, or trade it in on a new vehicle

With a lease you pay back $17,500 ($25,000- $7500 residual value), and the interest that is charged on the $25,000.

Your payment is less, but at the end of the term you have nothing!

With a lease there is a limit on the number of miles you can drive and a per mile charge after that. You are also responsible for any and all damage to the vehicle. At the end of the lease, when you turn the car in, you will have to pay for any and all damage and over miles charges!

With both a lease, and a purchase, you are responsible for all maintenance. Some leases, but not many, may have a maintenance program, but that does cost extra, and will increase your monthly payment.

Lease a car is more because you're on a contract and they charge interest. Buying is the similar except the car belongs to you when it's payed for

It depends on how long you need a car. If you need a car all the time, it is cheaper to buy. If you only need a car for a few weeks or months every year, it is cheaper to rent.

lease to own is you best bet just because you can use the car till the warranty is about up then trade it in for a new one but of coarse this is for the wealthy lol

Explanation: cars need tune ups at around 30 to 60 thousand miles like spark plugs, timing belts, trans flush, radiator flush ect.... it would be nice to avoid these maintenance's but that's me Ive owned a lot of old car money pits

It's actually interesting

That's a good question

Business owner: lease

Individual person: buy.

You can go to http://www.purchaseusedcar.info/

neither

give it to me lol sike

buy one