1. renting a home - Pipe breaks, but the consumer doesn't fix it.
- When you rent a property, the problems that come with it (e.g. a pipe breaks, electricity, gas issues, etc.) will not be your responsibility, they are full responsibility of the landlord and he/she is the one in charge of fixing it. However a landlord will not cover major damages caused by the tenant.
2. purchasing a home - Consumer builds a pool in the backyard.
- When you own your home you can build, remove and fix things as you'd like, as is your property. Unlike when you rent, that you are paying for a temporary housing but its property of the landlord reason why, in a rental, is not possible to do mayor house changes.
3. leasing a vehicle - Consumer gets a brand new car for half its purchase price.
- When leasing a vehicle, the consumer gets the benefits of having a new car but not paying full price, the difference in this case is that the car is just a "rental" and it doesn't belong to the consumer. When leasing, there are many options but miles are limited, depending on the time the lease is for.
4. purchasing a vehicle - Consumer drives a car on a cross-country road trip covering 20,000 miles.
- When the consumer owns a car there is no restraining on the number of miles that can be used on certain amount of time. The owner decides how far he/she wants to drive, and can use the car in more flexible ways.
