Many people have had to choose whether to rent or buy the item that they need. It all depends on the type of item, the urgency of the need, your financial position and how long you will need the item for.
If you look around there may be a lot of items in your home that you have only used once or twice and it is quite possible that these items were actually available for rent and we did not know it. Renting these items could have been less costly and we could have used the money to do something else.
Due to the economic condition worldwide and financial contraints it has become increasingly important for us to become creative in how we approach our daily routine. Where funds are low and there is a great need for an item renting is always an option.
When we are considering whether to rent or buy an item the type of item is important. Items or spaces that can be rented include construction tools and equipment, apartments, houses, office space, cars, books, venues, tables, chairs, tents, video and photography equipment, wedding dresses, tuxedos and shoes. Many of you will be surprised at this list of tools and equipment that can actually be rented.
List of tools and equipment that can easily be rented:
- hand drills
- hammer drills
- demolition hammers
- welding plants
- lawn mowers
- air compressors
- generators
- impact wrench
- plate compressor
- pressure washers
- rotary hammers
- routers
- palm saunders
- plumbing snake
- surface grinders
- rug doctor
- vacuum cleaner
- chop saw
- core drill
- tile saw
- water pump
- worklight
- mini escavator
- concrete mixer
- forklift
- scaffoldings
- drum rollers
Not many people knew that you can actually rent a vacuum cleaner or a generator. Well, it is quite possible.
You may be able to get the items listed above for rent at the establishments listed below:
Jamaican Based Companies –
Total Tools Rental & Electrical Supplies Limited
Ward’s Power Tools
US Based Companies –
If there is an urgent need for an item and you are low on funds, you can rent it rather than borrow money. Borrowing money will increase your debt and this can be avoided especially if it is not an item that you will need for the long term. If your wedding is around the corner and you are low on funds then there is a great level of urgency that is needed. Because this momentous occasion will occur soon and the funds are low the best option is to rent the items that are needed. You may rent a wedding dress, tuxedos, venue and even the shoes. Also, because it is an event that will only occur on one day and you will not need the items for the long term renting seems to be the better choice.
You may rent wedding items at the establishments listed below:
Jamaican Based Companies –
Petals & Promises Jamaica
Unique Bridal and Tux
U.S Based Companies –
Interestingly, there are some things that are expensive and due to our financial position we may not be able to acquire them in time to meet the need. Buying a home or car for example is very costly. If there is a need to live on your own but you cannot afford the enormous cost of buying a home just yet you can rent a house or apartment. Even if you borrow a loan to acquire a home a deposit is usually required this is generally more expensive than the one month’s rent that is required as a down payment.
You can rent a house or apartment or even commercial space by connecting with authorized real estate dealers with locations world wide. A few are listed below:
Coldwell Banker Realty
Keller Williams Reality
Additionally, if your car is being repaired and you need to move around you may not have the funds to buy another car in the interim. The better option would be to rent a car for the few days that your car will be out of use,
You may rent a car by connecting with authorized car rental companies which are based world wide. Here are a few:
Enterprise Rent-A-Car
Avis Car Rentals
Students and parents will jump for joy when they realise that schooling does not have to be so expensive afterall. The days of buying expensive text books are long gone. More and more parents have chosen to rent textbooks because it is less costly.
If you have an only child or if you have a child that is studying in a unique field from his or her other siblings then renting is the better option. This is because there will be no need to have books passed down to other siblings because they are in a different field of study. Secondary and tertiary students welcome book rentals because this lowers the heavy burden that is already experienced by paying school fees or tuition and in some cases student accommodation.
Books can be rented from:
Peruse Books
I is important to note however that there are some items that we use everyday and it is recommended that we purchase these items. These include furniture such as our sofa, personalized items such as our cell-phone and hygienic items such as our deodorant. Outside of these items we can always consider the cost-effective option of renting. For items that are used less frequently renting seems to be ideal especially if you are low on space and funds. You may rent a carpet cleaner for example if the funds are not available to buy one.
Renting comes with many advantages but in some cases buying may be the better alternative. You have to analyse the type of product, the urgency of the need, your financial position and how often you will need the item. Generally renting saves money.
No products in the cart.