If you have planned to move within a couple of years then it is better to rent a home rather than to buy it. And if you live in an urban area with good public transportation then occasionally renting a car could be a more sensible decision than owning one.
Renting is mostly a big financial trap
But for other things, renting is nothing but a big financial trap. It seems that the fact that is being disguised by the low payments is that you’re giving more and getting less than what you would if you have bought the same thing that you have rent.
Which things you should never Rent?
Here I have mentioned five things for which renting is a terrible idea:
1. Rims.
At Rent A Wheel in Van Nuys, Calif., for a set of VCT Grissini wheels you can pay the cash price of $1,612, or as an alternative you can pay $62 a week for a year — and pay for them exactly double as $62 times 52 weeks is $3,224.
