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5y
I agree with @sombra, it is preferable to be the owner than renting, because you end up paying the price of the product above what it is worth. For example if you rent a washing machine, let's assume you do it 4 times per month, calculate how much you will pay for the use of the washing machine in a year and compare with its value to verify that it is better to buy or rent.
RE: It's a balancing act