Posted November 08, 2018 09:59:56 We know many people will be tempted to buy a car and drive home, but what if you really want to go to the movies?
That’s exactly what a new survey by the Canadian Institute for Tourism & Tourism Research (CITR) has found.
The CITR’s 2017 Travel & Tourism Trends survey found that only 14 per cent of respondents had bought a car in the past year.
That’s down from 43 per cent in 2015.
That doesn’t mean most people haven’t done it.
The survey, which has been running since February, also found that almost one in four respondents said they’ve bought a rental car in past years, up from one in three in 2014.
And just over one in five said they bought a vehicle, down from one per cent two years ago.
“There’s always the temptation to buy, but it’s not the right choice for many reasons,” says Catherine MacLaren, CITr’s director of research and the study’s lead author.
“When people buy a rental vehicle, they are typically not going to spend more money.
In fact, they’re likely to save money by buying a vehicle in the first place.”
The study also found many people prefer to rent rather than buy a vehicle.
“It’s a lot easier to buy one than it is to rent one,” MacLaners says.
“Renting a car can be cheaper than buying it.”
However, a lot of people also use their car as a transportation hub.
“Many of us are driven by the need to get somewhere and get to a destination without having to buy an expensive vehicle,” Maclaren says.
Some people also rent their cars to friends or family members, who often have a lot to do and are less likely to need to purchase their own vehicle.
There are a number of ways to rent a car, including using your own vehicle, leasing, or purchasing an on-the-go rental.
Some experts say you might not have to worry about the cost of your own car as much if you can find a good rental.
“I have a friend who has an SUV and she uses it to drive to work,” says MacLany.
“She also uses it as a backup for her family, which is why I was surprised when I found out she was using her SUV as her primary vehicle.”
For most people, buying a car is cheaper than renting, and you don’t have to deal with a car insurance or finance company, says Maclany.
If you have a car that’s owned by a company that doesn’t have a good reputation, you can get a quote online or over the phone.
Some studies also show that many people rent their vehicles for a low cost.
“A lot of us just rent a vehicle because we have other vehicles we don’t need,” says David Hynes, a retired taxi driver from Victoria.
“We might even get an extra car for that reason.
But I think that’s a bit silly, as you don�t have to pay for it, and it saves you money.”
Renting a car for an extended period can also save you money.
According to MacLans, you could rent your car for up to three years for a total of $150 a day.
That could save you $10,000 over that time.
Some rental car companies will even let you pay for the car for a set period of time.
That means you could get a car with an extended lease for around $10 per month, or $20 per year.
However, there are still some drawbacks to renting a car.
“The main thing you have to remember is that you have the responsibility to keep the car in good repair,” MacLean says.
If a car breaks down or gets lost, the driver is liable for repairs, which can run $400 to $600 per month.
The leasing option is cheaper and less stressful.
“If you do decide to buy the car, you’re also responsible for insurance and you have no way of guaranteeing that you will get the car,” MacLeod says.
But even if you don`t, you still might find it worth it.
“With the lease option, you are basically leasing the vehicle for a certain number of years,” Maclean says.
That might be enough to make renting a rental sound like a good deal.
“For people who don’t plan on using it as their primary transportation, it might be more affordable,” Maclain says.
For many, renting a vehicle is a way to save on costs.
“Some people use it for entertainment,” MacLeary says.
“[And] some people use the vehicle as a personal transport.”
With the new research, you might want to consider leasing your car or renting one of the rental companies mentioned in this story.