11 Things to Consider Renting Over Buying
Number 9 is going to shock you!
We’ve entered into an era where the global economy is standing on a thin foundation, swaying back and forth. Not a single soul knows when all of this will end; if we take a look at the previous SARS pandemic, we see that a pandemic can last for more than a year.
Until then, we ought to keep in mind that we may be facing this economic crisis for a little while longer than we think; therefore, we should consider cutting down on unnecessary expenses to save more money in preparing us for this long uncertainty.
Renting instead of buying stuff is a great way to save especially since most of what we buy ends up collecting dust in our garages anyway. Here are 11 things to consider renting over buying. Oh and watch out for number 9, you will surely be surprised!
A growing number of users have gone to My Garage Rentals to rent out tools for their home projects.
Gardening and DIY tools are on the top of our list of things you can rent out instead of buying brand new. Have you ever had a project at home where you ended up needing a certain type of tool, later realizing that you only really need it for that one time?
It wouldn’t just be a waste of your money, it would also be a waste of space around your home. The good news is, you don’t have to buy your tools brand new. My Garage Rentals offers peer-to-peer rental services, allowing you to borrow and lend out DIY and gardening tools you think won’t be needed for more than once.
2. Home and Spaces
You can rent an office space for your emergency conference meetings over at Liquidspace.
You might be planning to move to a new town but aren’t exactly particularly sure yet whether you will stay or not, we suggest that you rent a place first before buying just to see if that town suits you.
Websites like Airbnb, VRBO, and Home Away allow you to take advantage of services like this. Their system gives you the ease of mind knowing that the place you’re renting is secured and owned by good quality folks.
Homes aren’t the only spaces you can rent. Some of us might even need just a small portion of space, maybe for a conference meeting; rent out an office space, or a photoshoot studio with LiquidSpace. Can’t find a place to park? Why not rent a parking space with Just Park.
3. Photography Equipment
Lens Rentals exist for the main purpose of supporting photographers financially, especially beginners.
Entering into photography can be expensive, especially for students with a limited budget. Buying a brand-new camera body alone will cost you about $700, depending on the model and brand; on the other hand, a separate camera lens will cost you about the same price, depending as well on the brand and type of lens you choose.
I haven’t even included yet the rest of the basic gear like a tripod, reflector, flash, stabilizer, and so on. These will cost you a fortune should you choose to buy them brand new.
Fortunately, you don’t have to buy brand new equipment to start your way up to the photography business. Peer-to-peer platforms for camera gear do exist such as Borrow Lenses and Lens Rentals. My Garage Rentals also allows you to rent camera gear of all kinds.
Rent a book instead of buying one. Take to Book Renter for all your book rental needs.
Let’s be honest, the majority of people after they’ve done reading their books, most likely end up stacking them on top of their shelves, never again to be read; or dump them in the trash, to be later destroyed forever.
A research study on textbook recycling in America by the National Wildlife Federation shows that about 320 million books are sent to the landfill each year; that’s a pretty large sum to be wasted.
But there is a silver lining to this situation; websites like My Garage Rentals, Campus Books, and Book Renter are some of the many platforms that allow you to rent out a book instead of buying one brand new. You can also post your old books up for rent to earn a little extra income.
5. Professional Audio
Professional Audio can be a really expensive investment, but we can always rent through rentals like Capital Audio Rental.
Another thing to consider renting instead of buying is professional audio equipment. Trust me when I say that professional audio gear is tremendously expensive to own. I used to work at a music store that sold professional audio and the cheapest but least recommended speaker you could find will cost you about $800 and that’s just the left speaker.
There are a bunch of trustworthy audio rental services out there including Capital Audio Rental, Hollywood Sound, and soon enough My Garage Rentals. If you’re already a proud owner of a professional audio set, you can even start-up your audio rental by utilizing My Garage Rentals‘ peer-to-peer services which allows you to post your gear online for rent.
6. Sports and Outdoor Gear
Benefit from renting sports and camping gear instead of buying costly equipment.
Sports and other outdoor gear can be pretty pricey. The Pinarello Gan Disk 105 Road Bike, for example, will cost you $2,850; instead, you can rent a Leader 721 Road Bike over at My Garage Rentals for only $30 a day, which will surely save you a ton of money if you will only be using it for a couple of days.
Camping can get pretty expensive too since you will be needing a full set of gear before you’re well-prepared for the woods. Fortunately, there are shops like REI that allow you to rent camping gear such as camping bags, tents, shoes, and other camping and outdoor needs.
Let’s not forget the ride you and your family will be using to get to said camping destination; RVshare connects you with local RV owners who are willing to lend you their RV’s for your long trips, so you wouldn’t have to buy one brand new.
My Garage Rentals also offers rental for both camping gear and other outdoor and sports equipment.
You don’t have to live luxuriously in-order to use a yacht, you can rent one and save yourself from throwing away your money.
This saves you a lot of those expenses that come with buying a brand-new boat. Let’s be real here, do you really need a boat of your own?
Everybody knows that cars are expensive. Luckily there are multiple car rental services across the states and across the web.
The earth can truly benefit from you the moment you decide to rent a car rather than buy one brand-new. Don’t get me wrong, it’s convenient to own a car of your own.
If you live in a high-density city like New York or you’re just heading out of town for a two-day retreat or vacation, it’ll benefit your wallet more if you rent a car instead. Not only do you lessen your carbon footprint, but you also save a ton of money altogether.
Dogs are great companions, we could all use a companion when things get a little too lonely or stressful.
Bet you didn’t think it was possible, did you? Indeed, you can rent your very own canine. This can prove to be beneficial for those who need a furry companion just to get through the blues.
Another reason one would exploit these services would be to treat it as a trial to dog-owning, to see whether or not they can handle owning a dog. Whatever the reason may be, it’s a great way to save yourself from spending big bucks for a canine companion you probably wouldn’t need for more than a couple of days or so.
You can check out Borrow My Doggy if you’re interested.
Fortunately, in this day and age, we can stream and rent our entertainment online.
Gone are the days of Blockbuster where you rent out movies, music, and video games physically. Because of the advancement of the internet, services like Netflix, Hulu, Amazon Prime, and Roku have proven to be the much more dominant alternative to renting movies.
The best part is, you wouldn’t even have to leave your home to take advantage of their services, just register your method of payment and you can watch a movie with just a push of a button or two.
But if it’s music you want, I’m sure you’ve heard of Spotify, I mean, who hasn’t? Video games are no exemption to renting too, all thanks to GameFly we can now rent video games online for however long we wish to use it.
Rent a dress or a coat for that upcoming special occasion of yours, it’ll save you a ton of money as compared to buying.
Ever thought of renting out a dress or a coat for that upcoming prestigious double date with the boss and his wife? Or maybe for your son or your daughter’s senior prom?
Dress for Less, Rent the Runway, and The Black Tux makes it possible to rent out dresses and coats. You can now wear that Elizabeth & James dress you’ve always dreamed of without having to spend your entire savings!
If you’re looking for something for the little ones, look no further than Borrowed Boutique, a clothing rental steered towards kids.
Finally, you can rent almost anything. My Garage Rentals is a peer-to-peer rentals website that allows you to rent out almost anything, from power tools like an electric drill or an orbital saw to home appliances like a washing machine or an air conditioner.
Did I forget to mention you could rent out your items as well and make a few extra bucks while you’re at it?
The internet has privileged us with many convenient ways to buy and shop; but more importantly, it has also given us convenient ways to rent and sell almost whatever we want, and to choose the latter and save more money is completely up to us. You choose, would you still rather buy than rent?
How useful was this post?
Click on a star to rate it!