According to the Bureau of Labor Statistics, between 2006 and 2016, the price of textbooks used in college rose 88%. Unfortunately, students need textbooks to help them learn subjects, even though some of them are expensive.
Fortunately, there is now the option to rent textbooks rather than buying them. While there are some upsides to renting, there are also a few downsides.
You should learn what the pros and cons are for both so you can make the right choice.
If you’re wondering whether you should buy or rent your textbooks next semester, keep reading. We’re answering the question, “is it better to rent or buy textbooks?”
Cost Shouldn’t Be the Only Consideration When You Buy or Rent Your Textbooks
While cost is a huge consideration when wondering, “should I rent or buy textbooks,” it shouldn’t be the only thing you factor in. Take some time to consider your past behavior with other textbooks you’ve owned.
Knowing how you plan to treat the book and how likely you are to return it once you’re finished can help you make the smartest decision for your needs and your budget.
When Buying is a Smarter Idea
It’s better to buy a textbook when you’re taking a course for your major or even your minor (if you have one). You may need to use it as a reference guide in the future.
Consider buying your books if you want to write notes in the margins. You should also buy if you’re likely to spill items on your books or they’ll experience some other form of wear and tear.
If you’re not the type of person who is good at returning items, it’s best to buy them. That way, you won’t have to worry about returning it on time and incurring more fees.
Look for Used Versions
If money is a huge factor, try to find a used version of the book for sale. You may even notice that another student already wrote notes in the margins which may prove to be useful for your own studies.
There are certain times when you’ll have no other option but to buy a new book. If there are additional course materials such as a CD or workbook, you’ll need to buy new no matter what.
Always ask the professor if you can use an older version. Once you get the okay, you may find a former student is willing to lend or outright give you their old copy.
Option to Sell Your Book When Finished
When you buy a book you also tend to have the option to sell your book back at the end of the course to the campus bookstore. A few extra bucks in your pocket is always a welcome bonus.
However, don’t be surprised when you don’t get nearly as much money from the store as you bought it for. You can always opt to sell the book online for more money.
Be aware that if you can’t sell it locally, you may have to factor in shipping costs in the asking price.
Share the Book With a Classmate
You also have the option to share them with a current classmate to reduce costs. Be smart and work out a schedule of when each person is entitled to use the book.
That way, you won’t end up the night before an exam without your book.
Just make sure if you’re sharing that it’s with a responsible person who won’t lose, damage or take the shared book hostage.
When Renting a Book is a Smarter Idea
There are times when renting a textbook makes a lot more sense. There are times when a course doesn’t use a textbook very often. If you find you only need the book the night before the exam, it’s better to rent it.
Rent your textbooks for any course not related to your major or minor. Renting test prep books that you’re likely to never touch again after the exam is also a great idea. You won’t need to refer to the book in future courses because it’s doubtful you’ll take any more.
Selling Books Requires Taking Action
If you’re not the type of person to get around to selling your books, rent them. Otherwise, you’ll just end up at the end of your college career with a bunch of course books you’re carting from one dorm room to the next and doing nothing with them.
Also, if they get too old, you may be forced to just toss them out because they no longer have any resale value. While you may still be able to donate them somewhere, trying to locate a donation site and then deliver them there isn’t the type of action you’re likely to take.
ebooks are Weightless and Take Up No Space
And if you rent an ebook, you won’t have to give up expensive real estate in your tiny little dorm room. It also won’t make your backpack any heavier than it already is. As long as you have access to your laptop, you have access to your ebook.
If you rent an ebook the best part is that you don’t have to physically return it. If you’re not very good at remembering to return items, this is a great option for you.
Renting is Less Expensive
Renting is cheaper. Whether it’s a physical book or an ebook, renting is almost always the cheaper option, even with used books.
Just make sure you know exactly when your rented books are due back. You don’t want to miss the deadline because you’re busy studying for exams or moving back home.
Have Many Options Where You Can Rent Your Books
There are now many options available where you can rent books online. There are even some campus bookstores that provide this as a service to their students.
You’ll Always Get the Most Recent Version
Sometimes it’s very important for you to have a copy of the latest version of a book. When you rent, you can be assured the copy you have is always the latest edition.
Rent Your Textbooks Through Us
It’s your choice whether to buy or rent your textbooks. But it makes a lot of sense to save money by renting.
We can help you find all the textbooks you need for your courses this semester. Click here to start browsing.