WHEN RENTING MAKES SENSE

There are some items, if used on rare occasions, would be better to rent as opposed to purchasing. Below is a list of four items I believe you should consider renting.

Pickup trucks. Unless you work in an industry where owning a truck is imperative, buy a fuel efficient car and rent a truck on the rare occasions you really need one. This will also get you off the hook with family and friends who call on you to haul their things instead of renting a truck for themselves.

Vacation homes. Once the novelty of owning your own piece of paradise near a quiet lake or sun-drenched beach wears off, the reality of keeping up two homes will finally set in. With the home setting vacant for long periods of time you run the risk of damage from undetected leaks, infestation and vandalism.
Your options on choosing a place to vacation will become extremely narrowed and you could end up feeling obliged to spend more time there in order to justify purchasing it.
Leave the worry and expense of keeping up a vacation home to others and rent from them. This will also free you up to choose any area you and your family decide to vacation in without guilt.

Things used annually. Many people have a garage or basement full of expensive tools they use once a year or less. Things such as lawn aerators, paint sprayers, power washers and Rota-tillers, just to name a few, are more economical to rent than purchase.
Items such as a carpet cleaner or sewing machine can be jointly bought and shared with a friend or family member. Swapping with a neighbor can also be an option; you buy the sewing machine and she can buy the carpet cleaner.



Denise Wing, C.E.O.
Certified Mortgage Lender
Academy National Mortgage Corporation
303-987-0622
dwing@academynational.net