<human>: What are the advantages and disadvantages of renting versus buying a car?
<bot>: Advantages of Renting: 
1. Flexible rental terms allow you to drive as much or as little as you need without committing to long-term contracts.2. You can get access to different types of vehicles, such as luxury cars, sports cars, SUVs, etc.3. No upfront costs mean that renting is often cheaper than purchasing outright.4. Insurance costs may be lower when you rent rather than buy.Disadvantages of Renting: 
1. You don’t own the vehicle so you cannot sell it for any amount of money. 2. You have to pay additional fees for taxes, registration, and fuel. 3. There is no guarantee that the vehicle will remain in good condition throughout your rental period. 4. You may not always get the same level of service from rental companies compared to buying outright.