Renting Vs. Owning a Car

[ryg]

Has anyone crunched the numbers of whether it is cheaper to own a car and drive it to the ground vs. renting a car on a 30 day rotating basis from enterprise and using CC insurance?
I have 1 at fault and 1 speeding ticket - so my insurance premium is going up. Does anyone have a good tool  to calculate this?

[churnbabychurn]

Has anyone crunched the numbers of whether it is cheaper to own a car and drive it to the ground vs. renting a car on a 30 day rotating basis from enterprise and using CC insurance?
I have 1 at fault and 1 speeding ticket - so my insurance premium is going up. Does anyone have a good tool  to calculate this?

How can renting possibly be cheaper?

[ryg]

Depends on the scenario. Let's say you are driving an older car which you own outright.

Let's say you have $100 a month in maintenance (averaged - tire replacement, oil changes, things breaking), plus registration of $100 a year, plus depreciation of the asset, plus insurance, plus the mileage benefit of driving a newer more fuel efficient car. Plus - if something happens you have no deductible on insurance - you can just return the car!

Especially if you have at fault/tickets on ur history insurance can be expensive.

All this vs. renting from Enterprise at $100 a week incl. taxes etc and using a CC for insurance.

Perhaps leasing is the middle ground.

Does anyone have some real numbers to play with?

[popcorn1508]

Depends on the scenario. Let's say you are driving an older car which you own outright.

Let's say you have $100 a month in maintenance (averaged - tire replacement, oil changes, things breaking), plus registration of $100 a year, plus depreciation of the asset, plus insurance, plus the mileage benefit of driving a newer more fuel efficient car. Plus - if something happens you have no deductible on insurance - you can just return the car!

Especially if you have at fault/tickets on ur history insurance can be expensive.

All this vs. renting from Enterprise at $100 a week incl. taxes etc and using a CC for insurance.

Perhaps leasing is the middle ground.

Does anyone have some real numbers to play with?

where are you getting rentals for 100 a WK?

[ryg]

Oregon :-)
Enterprise using Costco travel

[Jkhein]

All this vs. renting from Enterprise at $100 a week incl. taxes etc and using a CC for insurance.

how about liability insurance? what happens if you have an accident and someone or their property gets damaged?

[sammy n]

Oregon :-)
Enterprise using Costco travel

Fora full size?

[ryg]

Mid

[Abebee]

Has anyone crunched the numbers of whether it is cheaper to own a car and drive it to the ground vs. renting a car on a 30 day rotating basis from enterprise and using CC insurance?
I have 1 at fault and 1 speeding ticket - so my insurance premium is going up. Does anyone have a good tool  to calculate this?

Not sure what tool you will need. Most people can't rent for $100/week so it's not worth it.

[aygart]

Not sure what tool you will need. Most people can't rent for $100/week so it's not worth it.

A calculator?

[yelped]

A. There was a thread for this. With a lot of info. B. CC won't cover for more than 30-42 days, with the exception of changing locations by a more than 75(i think) miles.

[ryg]

Does anyone know where that thread is?
I tried to search and didn't get very far...

[sammy n]

A. There was a thread for this. With a lot of info. B. CC won't cover for more than 30-42 days, with the exception of changing locations by a more than 75(i think) miles.

You can try getting the location to rewrite you a contract every 30 days.

[Iz]

Does anyone know where that thread is?
I tried to search and didn't get very far...

This?

[Platinum]

A. There was a thread for this. With a lot of info. B. CC won't cover for more than 30-42 days, with the exception of changing locations by a more than 75(i think) miles.

Why can't I change cc's every 30 days?

[David Smith]

It's possibly worth it if you'd otherwise be leasing a suburban and you rented a midsize at under $600 a month and walked away with a suburban.

[sammy n]

It's possibly worth it if you'd otherwise be leasing a suburban and you rented a midsize at under $600 a month and walked away with a suburban.

I know people that do that.

[David Smith]

I know people that do that.

There were locations shut down for this.

[yelped]

This?

No. Was called something like long term renting Vs owning