Many people prefer to buy and use their own car, while others prefer to rent a car. Which one should you choose?

While it's true that having your own car has its advantages, more and more homeowners think that these days, owning one seems to be more disadvantageous in a lot of situations. If you factor in a traffic jam, maintenance fees, and other costs, you will definitely think twice about buying your own car.

 

 

 

To make sure that the car is in good condition at all times, the owner must make an effort to visit a mechanic regularly. In each of these visits, the car owner must pay an inspection fee. And if there are repairs to be done, the car owner is billed for these repairs. The heavier the damage, the more expensive the bill would be.

 

Financial analysts say that the moment you sign the deed/bill of sale, your car has just depreciated to up to 40%. This means that you can't expect to sell a brand-new car and command a value that is higher than how much you bought it.

All car owners in the country are required by law to register their cars every year. This means more hassle for you, registration fees, and unproductive time spent waiting in long lines to complete the registration process.

If you drive back and forth, say from your office to work and back, you'll be focused solely on your driving. But if you rent a car, somebody else drives for you. Therefore, you'll have more time for yourself. If you live far from your workplace, you'll have time to take a nap soundly at the back of the car. Or you can multitask and do other productive tasks, such as some unfinished tasks in your office.

When you go out using your own car, you will naturally look for a safe parking spot. But sometimes, this activity can be annoying and time-consuming, not to mention the parking fees you're required to pay before you leave the parking lot. But when you rent a car, you'll clear your head of any of these fees and parking hassle. Plus, you'll be dropped off exactly where you should be.