Save money by renting textbooks

December 23, 2009

Finance

For those of you currently in school or pursuing an advanced degree, you know the pain of having to pay high prices for the purchase of textbooks.  No longer.  Rather than purchasing textbooks, consider renting them.  I am going to start off my next semester by renting the textbook for my class from www.chegg.com.  The benefits are two-fold.

1.  You reduce clutter by not keeping textbooks that you will never open again.  When your semester is over, simply mail the book back to Chegg in the same box they sent to you.  No return shipping cost involved.

2.  Rental prices are significantly cheaper than purchase prices.  For example, I rented my textbook for around $50 when it would have cost somewhere around $150 to purchase it.  For those of you who can find the textbook for around the same price used, see Point #1 again.  Seriously, you are never going to open that book again.  I have found that more often than not, once the semester was over, I couldn’t sell my books back even if I wanted.  Chegg also gave me about $94 in credit as opposed to the $60 the original seller was going to pay me.

So, if you want to save money on your classes, renting is definitely the way to go.

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