What’s Best? Buy, Lease, or Rent A Car

One of the day to day family financial decisions we have to make as adults is whether or not we should buy a car or lease a car.  Over the past twelve months, there have also been options popping up across America around the concept of joining a subscription service and renting a car.  Making the right decision for your family can potentially not only improve your budget, but it could also improve your lifestyle.  Here are my side by side on whether you should buy, lease, or rent a car. Buying A Car – There are lots of considerations when you buy a car, but traditionally I have only been a fan of buying used cars that are two to three years old and the large initial depreciation wears off.  You can cover yourself by buying a bumper to bumper 100,000 mile extended warranty if you have concerns about something major happening to the car, but I like the ...

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Prepaid Option Or Fill It Up Before You Get To The Airport?

Now that Memorial Day has passed and summer is coming in full stride, many of us will go on some type of vacation for some fun in the sun.   If you end up renting a car, most agencies know that they are the last stop between you and your vacation.  Thus, you will most likely end up playing a game of rapid fire at the checkout counter, getting the keys to your rental car, as well as answering questions about insurance and gas options before you take the car.   One of the key questions that the rental car agency will ask you is, “Do you want the prepaid option for gas or do you want to fill it up yourself before you return?”    Hardly ever does anyone ask questions or do any type of analysis on this question, and it can cost you big money if you don’t answer it correctly.   So, here are four ‘smart money moves’ questions to ...

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My Mom Knows Car Rentals!

I always wondered which parent I got my financial smarts from, and I now I know that my Mom knows a thing or two about saving money.   If you follow her advice, she may be able to help you save a few bucks by doing something simple on your next trip. When most of us plan our family vacation for a week to another destination in the United States, we typically go about the process of renting a car.   While we may use different websites to find us the best deal on where to rent the car, most people end up renting the car directly at the airport.   That is where the real flaw is in our planning process. Recently, my Mom took a trip to Seattle.   She compared the weekly car rental prices for Hertz at the airport and at a Hertz rent-a-car location just 15 minutes from the airport.  What she found was astonishing.  The car rental facility ...

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