| Comment | As Ziggy said. In the long run it's actually swings and roundabouts. If you rent then the insurance and repairs are all covered. If you own then the money you saved on rental goes out to insurance and repairs.
I rent while my dad owns. At the end of the year we both have similar net figures.
On top of what's already said, renting also makes tax returns easier. You don't need to log work miles vs personal miles. You just use the rental as a tax deduction.
There's still cars available despite the cap. Always a few on Gumtree. |
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