There is a new trend to lease rather than buy. It is a way to save cash by renting what you only utilize once or occasionally instead of buying it. Of course, there is no substitute for ownership of an object if you really need it for repeated use. However, if you are not going to need it very often, why should you invest your money on an item when you can lease it for a lot less? Leasing is a more cost-effective option. Below are 5 items that you can rent rather than purchase.
Tools
It is less costly to rent a tool than it is to purchase it. The lower cost of leasing tools can be a financial benefit if you need the tool for one specific project and then have no use for it in the future. Although every person should almost certainly own a toolbox, when it comes to bigger tools that you might only use for a particular project, you can save a lot of money by leasing.
Textbooks
School tuition fees are high nowadays and the cost of textbooks can also make a big dent in your pocket. Renting textbooks is cheaper than buying. In some situations, this cheapness is obvious and effective. For instance, if you only need the book for half of the semester, it’s worth it to rent it and then return it at the end of the semester. There is no need to invest your money into a book that you will only use for only a month or two.
Wedding gowns
Renting a wedding dress is an excellent option for brides who are looking to reduce their wedding costs. Also, the convenience of returning the gown after using it and not having to fret about keeping it or wondering what to utilize it for in the future makes it a practical choice compared to purchasing a pricey wedding dress. There are a number of stores that offer bridal gowns for rent. The prices would vary depending on the kind of dress that you pick.
Generators
Hiring a generator can be cheaper than owning one. This is because owning a generator needs a significant outlay. When you choose to hire a generator, you will pay a monthly sum, thus conserving your money for other purposes. What’s more, renting a generator provides flexibility. This means that in case your business is forced to move property, for instance, because of a change in your lease, the generator can easily move with you too.
Trucks
If you want to move your home or office, the cheapest way is to lease a truck. It is almost certainly not worth it to purchase your own truck – and you certainly do not want to risk damaging your vehicle. Why pay movers a lot of money when you can hire a truck and move yourself? Trucks come in different sizes, from small to bigger so it is vital that you estimate your cargo size before renting a truck.
The benefits of leasing over buying items are many. You can save large amounts of cash by hiring things that you don’t use very often.
Darren is a passionate blogger and works as a supplier of generators for hire.
Filed under: Dangerous Lee University, Featured Press, Health and Lifestyle
