As with homes, it’s often more practical and economical to rent expensive items rather than buy. Finance blog Budgets Are Sexy highlights four items they’re convinced you should rent rather than buy, but it also got us wondering: When do you rent?
The four things Budgets Are Sexy doesn’t think you should pony up to own: power tools, evening gowns and school formal dresses, textbooks and caskets. (They do offer exceptions for when they think buying is worth it.) In regards to caskets:
The average price of a casket alone is $US2,000 and can run upwards of $US10,000 for a really nice one. Rather than spending that kind of money, rent a casket for the service at a few hundred bucks and later transfer the departed into something more economical for burial. They’re not going to know the difference, anyway.
We wouldn't be surprised if a lot of you disagree, but it's the question that piqued our interest. Let's hear what items you rent rather than buy in the comments. Photo by csc4u.