Renting or buying a car has its advantages and disadvantages. The peace of mind that comes from owning a car is great but the stress of high monthly payments and costly repairs can be a burden. Rented cars are great for a business traveller if the company takes care of these expenses but for those who do not have that luxury the long term payments from renting a car could buy you one.
Advantages of buying a car
1. Owning your own car is considered an asset as this means that the car can be sold at anytime for quick cash.
2. Buying a car is hassle free - the most difficult part of buying a car is securing a loan from your banker or auto dealer.
Disadvantages of buying a car
1. Cars depreciate rapidly. With every year that passes, the value of the car is lowered and thus if persons should chose to sell their cars they would not be able to recoup the full amount spent on the car.
2. Buying a car is not just a one time financial commitment; the financial obligation to the car is incomplete unless you no longer own it. The repairs to the car even if it is insured end up costing the buyer in the form of increased premiums and the maintenance can also be costly.
Advantages of renting a car
1. Reliability. Rented cars or even cars that are leased are often newer cars that still have manufacturer warranty. These usually do not incur costly repairs for the renter as they are generally in good condition.
2. Reduced financial burden. When renting or leasing, a car a down payment followed by monthly rental/lease payments are required. These payments are generally lower than the downpayment and monthly payments for a car that has been purchased.
3. High possibility of tax deductions. The cost of operating a rental car used for purposes of business is tax deductible from your personal federal income taxes.
Disadvantages of renting a car
1. Expensive in the long term. Long term car rental or leasing can see the renter paying multiple down payments over time and multiple monthly lease checks towards a car they will never own. Overtime these payments add up and can end up costing the renter the equivalent of what their own car would have cost.
2. Rental or lease contracts contain many stipulations and failure to adhere to these stipulations put forward by the renter could result in a break in the lease which could be costly for the person renting the car.
Showing posts with label Buying. Show all posts
Showing posts with label Buying. Show all posts
Wednesday, July 25, 2012
Thursday, June 28, 2012
Buying a Used Airstream vs a New Airstream
So, you want to become an Airstream owner and don't want to start by putting so much money into a brand new one. Well do not worry, there are plenty of silver beauties out there that have been barely traveled in for you to enjoy. There are plenty of options out there no matter what you are looking for. The good thing about buying a used Airstream is that you are buying and RV that has been tried and tested. Someone has already updated, hopefully, and maintained for you. How nice of them to even have saved you some money off the sticker price at the dealership.
Not to sound boring, but the first thing you should do is do a little simple research about the Airstream reputation, this way you can really be sure it is what you need. When doing your research you will find that the Airstreams have been around since the 1930's during the Great Depression times. Their sturdy, aerodynamic build and classic looks have been improving for over decades now. The next thing you should do when looking for a used Airstream is to analyze the owners. Hopefully, you will come across those that cared for their Airstream as if it were their baby.
The advantages of finding a precious owner who cared for their Airstream are countless. Depending on the age and use of the previously owned Airstream, likely the typical items that have needed replacing have already been taken care of. Do not worry about finding an Airstream that needs some parts changed, due to Airstreams ongoing popularity, replacement parts are easy to find. However, if you run into a problem and you need extra help, there are several Airstream sources to consult. One thing I would like to remind you, is to ask who used it, were their kids, pets, etc on the Airstream?
However, just like everything good, buying a used Airstream has its down sides. The first and most obvious downfall is that it will have been indeed used. Like everything else, with use comes: scratches, dents, rips, tears, spills, and so much more. Even to this there is a good side, at least if you do not have a brand spanking new RV you will be less likely to cry over the next blemish you cause to your Airstream.
The obvious choices in buying is that you can choose to buy from a private owner or a dealership. The advantage of buying from a dealership is that you can let them know exactly what you are looking for. This way, they can keep an eye out for you and do all the shopping for you. Look at it as a real estate agent. In buying from a private owner there are numerous websites that specialize in Airstream trailers for sale by owners.
No matter which way you choose, with all the benefits of buying used, just like buying any other used items, there are some downfalls aside from buying brand new. However, with the great wonderful quality of the Airstream and the ease to find everything needed for it, you will be pleased with the results. Happy shopping!
Not to sound boring, but the first thing you should do is do a little simple research about the Airstream reputation, this way you can really be sure it is what you need. When doing your research you will find that the Airstreams have been around since the 1930's during the Great Depression times. Their sturdy, aerodynamic build and classic looks have been improving for over decades now. The next thing you should do when looking for a used Airstream is to analyze the owners. Hopefully, you will come across those that cared for their Airstream as if it were their baby.
The advantages of finding a precious owner who cared for their Airstream are countless. Depending on the age and use of the previously owned Airstream, likely the typical items that have needed replacing have already been taken care of. Do not worry about finding an Airstream that needs some parts changed, due to Airstreams ongoing popularity, replacement parts are easy to find. However, if you run into a problem and you need extra help, there are several Airstream sources to consult. One thing I would like to remind you, is to ask who used it, were their kids, pets, etc on the Airstream?
However, just like everything good, buying a used Airstream has its down sides. The first and most obvious downfall is that it will have been indeed used. Like everything else, with use comes: scratches, dents, rips, tears, spills, and so much more. Even to this there is a good side, at least if you do not have a brand spanking new RV you will be less likely to cry over the next blemish you cause to your Airstream.
The obvious choices in buying is that you can choose to buy from a private owner or a dealership. The advantage of buying from a dealership is that you can let them know exactly what you are looking for. This way, they can keep an eye out for you and do all the shopping for you. Look at it as a real estate agent. In buying from a private owner there are numerous websites that specialize in Airstream trailers for sale by owners.
No matter which way you choose, with all the benefits of buying used, just like buying any other used items, there are some downfalls aside from buying brand new. However, with the great wonderful quality of the Airstream and the ease to find everything needed for it, you will be pleased with the results. Happy shopping!
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