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The question of whether to drive your own car or get a rental for long-distance road trips, work travel and other special needs is one that may boggle you at some point. So many factors may run through your mind, such as which one is more convenient, which one is cheaper, and is my car fit to travel across the country? Read on to find out the most important factors to consider: Money Matters There are a few ways to look at driving your own car vs. renting a vehicle for your next road trip. One is to crunch some numbers – gas mileage, vehicle depreciation, etc. We’ll walk you through the dollars and cents of it all, as it’s largely based on what kind of car you drive and the specifics of your road trip. Then there are the emotions to consider. Perhaps the possibility of having your sweet little coupe exposed to the real world just gives you too much anxiety. Or maybe you’re the tight-fisted type who would never hand cash to a rental company when you have a perfectly fine car sitting in your garage. Read more at Allianz Travel Insurance… One major factor to consider when it comes to making this decision is your budget. Surprisingly, renting a car can be cheaper than using your own car for a road trip or other long-distance trips. The convenience is also a major factor to consider when it comes to this. How Exactly Will You Save By Renting? Savings sensei Clark Howard says that you could save money in the long run if you rent a car for travel rather than drive your own. If you drive your own car, because you’ll be putting additional miles on it, you’ll be literally driving down the resale value of your vehicle. “If you shop and find a good deal on a rental car, you put those trip miles and the depreciation that goes with it on that rental car instead of your own,” he says. Those highway miles will end up costing you more money than renting. “Figure putting miles on your vehicle — at a minimum “50 cents a mile,” he says. Additionally, a rental car may get you better gas mileage, which translates to lower fuel costs for your trip. Of course, it depends on which make and model you choose, but the market for car rentals favors consumers right now, Clark says. Read more at Clark.com… Say you have a car that consumes a lot of gas, and you don’t typically drive it over long distances. Two ways driving your own car will cost you more include spending more on fuel, and the depreciation of your car. If you really think about it, driving someone else’s car keeps your car in tiptop condition until you come back from the trip. Second, you can get a car with better fuel efficiency and save yourself money in terms of fuel cost. Consider Other Factors Aside from Money Sometimes… Read More »Should I Rent A Car Or Drive My Own?