Is it a cheaper option to rent a car as compared to buying?1st timer here. Would it be a wiser financial decision?

Take grab

It depends on your car usage

Depend on your situation.

you can caculate yourself by cost of owning a car, fuel, insurance and parking fee then compare it with cost of renting.

if you need too often, probably owning is better.

Renting is cheaper due to the opportunity cost, transfer of . The lump sum can be dumped elsewhere to generate income for your car rental