4 reasons why renting is better than buying.

4 reasons why renting is better than buying | The benefits of Renting | Leversage.com

Just How Renting Products Is More Beneficial?

You may have heard that buying a product is probably cheaper in the long run – but did you know renting could save you almost half of the expense and hassle instead? With the cost of everyday items soaring and our income’s staying still pretty much the same, renting is becoming an increasingly popular financial option for people all over the world. Aside from the finance sector, renting has a considerable number of advantages over its buying counterpart; in today’s post, we have put together a list of all the benefits we could think of.

1. Trial Usage

At some point in our lives we’ve all made a regretful decision that has made us wish for Number Five’s (look up The Umbrella Academy) time travelling powers. Renting gives you an option of using a service or product for a limited or unlimited amount or of time to test whether you actually want to buy the service and use it permanently. For example, say that you’ve suddenly been taken over by an urge to learn the piano – before buying the instrument (and not using it ever) rent it out for just a portion of the sum to decide.

2. Quick Use

Some products are so extremely essential, and yet expensive to get at a moment’s notice. Renting let’s you obtain a product for a limited number of days (specified in a lease) with prompt delivery; for example, if your car tires suddenly burst and you currently don’t have enough funds to buy new ones, simply call up a renting service to get your car up and running in no time.

3. Affordability

This is without a doubt, the main advantage of renting versus buying – being able to rent something for a tenth of the cost of the buying price. When you wish to purchase a home, the first step is putting in an investment and going into a massive amount of debt to afford it. The same goes for any major life investment, eg. a car. Renting allows you to pay a fixed and affordable sum of money for a specified amount of time, without incurring debt and draining your account. This applies nicely to high end clothing and jewelry too. Online stores now have a great renting option for you to pick out the perfect designer party dress and jewels at a fraction of the original purchase price.

4. Convenience

Renting is a far more convenient option compared to a purchase, especially if you happen to be a fan of travelling and adventure! When in a new place, renting a car to give you a tour of the city or take you to all of your desired destinations is a great experience. People on the move for their profession (or who are fond of travelling just for the thrill of it) rely heavily on rental transport, since it’s much more convenient and freeing than lugging around their own vehicle. 

Above, we have just mentioned four out of the dozens of potential benefits that renting a product offers a person. In the case of homes, you are saved from the expense of taxes and the stress of repair, when in need of heavy duty equipment you can simply lease them for a day and return it after use, if you ever get the desire of becoming a chicken farmer you can even rent your own chicken coop just to see whether you like the job!

Renting can make your life much easier – try it today, and let us know your experience in the comments.  

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