Transactions costs, renting, and leasing

While leasing is a topic we won't cover in class to any detail until later in the semester, a friend called all excited about ZipCars today. ZipCars allows you to rent for periods as short as as an hour. In their words: "Zipcar is the closest thing to owning a car without the cost and headaches. It's also more convenient, cost-effective and more fun than renting."The call got me thinking: As