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Save Money By Renting Textbooks Instead Of Buying Them

19 May, 2011

As you can probably tell from the lack of consistent posting on this site, there is something else keeping my busy. Well you were right. I recently have started back at school to pursue my MBA. It has been a while since I did my undergrad when I graduated in 1997. Back then the Internet was still a baby and you actually had to go to a book store to buy your textbooks. Well these days, there are a bunch of sites where you can by textbooks and then resell them later and they usually are much cheaper that the campus book stores.

I came across a site called Chegg.com where you can actually rent textbooks. This saves you the hassle of buying them and then trying to sell them. I remember back in college when you would spend $100 on a book just to realize after you took your final that they would be a new version of the book and they weren’t going to buy yours back. Lets just say I have a bunch of useless books in my basement.

I decided to look into the text book rental a bit more. As I had just completed my first MBA class, I did a quick comparison. I purchased the text book Organizational Behavior from Amazon.com for $169.34, which was about $40 cheaper than the bookstore my school recommended. I then sold it back to amazon using their trade-in program for $89.20. So I only ended up paying $80.14 for the use of the book. Well I took a look at Chegg.com and their rental price for the book was $60.70 for the dates that would have covered my class.

A savings of $20 would have definitely been handy. I then checked for my upcoming class and it is a savings of over $35. I ordered the book through their website and just received it yesterday. It comes in a reusable box and contains info on how to print a return shipping label for free once you are ready to send it back. The nice thing is that all shipping is included in the rental price. All you have to do is make sure you send the book back by the rental expiration date.

At this point, I think I am going to switch to textbook rental. Obviously it doesn’t make sense to rent if you actually want to keep the book, but for right now I am just taking general education required classes which I could really care less about keeping the book.

Once I send the book back I will do a more indepth Chegg.com review for you all.

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