<human>: What are the advantages and disadvantages of renting versus buying a car?
<bot>: Advantages of Renting: 
1. Cost – You can save money by renting instead of buying, especially if you need to make multiple trips or have a tight budget.
2. Flexibility – With rentals, you don’t have to commit to a long-term contract, so you can change your mind more easily.
3. Insurance – When you rent, you usually get liability insurance coverage that covers damage to other people or property in an accident.Disadvantages of Renting:
1. Lack of Control – You don’t own the vehicle, so you don’t have control over maintenance costs or modifications.
2. Restrictions – Some rental companies may impose restrictions on where you can drive, how far you can go, and what type of vehicles they offer.
3. Depreciation – Vehicles lose value quickly when rented out, so you might end up losing money after all.