If she's right that she could save $7500 a year by renting a car when she needs one, she could in fact own nothing (or at least, not a car) and be happy - or at least $7500/yr happier.
I wrestle with buying a boat or an RV. Buying feels like buying an "asset", whereas renting feels like throwing money away. But the actual fact is that, for as often as I would use either one, renting is by far the better move. It just doesn't feel like it to me.
The WEF is not an organization that I trust, but in this particular kind of case, the numbers may work out in favor of their position.
If she's right that she could save $7500 a year by renting a car when she needs one, she could in fact own nothing (or at least, not a car) and be happy - or at least $7500/yr happier.
I wrestle with buying a boat or an RV. Buying feels like buying an "asset", whereas renting feels like throwing money away. But the actual fact is that, for as often as I would use either one, renting is by far the better move. It just doesn't feel like it to me.
The WEF is not an organization that I trust, but in this particular kind of case, the numbers may work out in favor of their position.