4 ms·
I prefer to buy. But whenever I buy toys, I assume one day I will get bored with them. So I estimate resale value. If resale value is too low, then I prefer to
by e59d134d 9y ago
I prefer to buy. But whenever I buy toys, I assume one day I will get bored with them. So I estimate resale value. If resale value is too low, then I prefer to rent.
For example, when I bought my DSLR, I looked at various camera rental sites and used prices of year old models. It showed me that I should buy the camera because even if I sell it after couple of years, my overall cost of camera would be only couple of weekends rent.
So generally I buy cars, books, video games, furniture, music CD (yes still buy CDs) etc. Selling is really easy. (Lately, books have no resale value but there is no book rental service other than library. Also I like to gift books so it evens out.)
Only thing I rent because of above math is movies.
Then there are a few things I rent just because it is convenient to rent or cost too much to own for short time period. So I pay for gym because I don't want gym equipment at home. Or rent cars when traveling.