Renting vs Buying a Suit: A Detailed Cost-Benefit Analysis

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( — June 26, 2023) — Is it cheaper to buy or rent a suit? This is an age-old question that can leave many people on the fence. Read our comprehensive analysis of the advantages and disadvantages of renting a suit vs buying so you can make an informed decision.


It has happened to everyone, that moment when an invitation comes in the mail or your boss brings up the annual holiday party, and you realize you need a suit. Now you’re faced with a common dilemma: is it cheaper to buy or rent a suit?

In this article, we will break down the different factors to consider when renting a suit vs buying and provide a cost analysis for when you rent a suit or buy a suit. With this information at your disposal, you can dress appropriately for different occasions at a moment’s notice.

Renting a Suit vs Buying: Factors to Consider

Should you rent a suit or buy your suit? There are a few factors to consider beyond just the upfront cost.

Long-term Investment

When you buy a suit, you reduce the cost each time you wear it. The more often you wear your custom suit, the better the return on your investment is. Buying is ideal for people who need to wear a suit multiple times yearly. 


If you are aiming for perfection, buying a suit gives you customization that fits your individuality. You can choose locations for:

  • Buttons
  • Lapels
  • Pockets
  • Vents
  • And more

You also get your choice of fabric. Fabric is essential in how a custom suit feels against your body. The best manufacturers provide fabrics sourced from Italian mills that offer a superior feel without compromising durability. 

You can even submit your measurements online before heading to a tailor for your appointment. 


When looking for options to rent or buy a suit, you have to consider how valuable your time is.

When you buy a suit, you only have to invest time and money in submitting measurements and booking appointments to try everything at once. After that, you will have the perfect expression of your individuality in your closet, ready to go at a moment’s notice.

This makes it easy to:

  • Buy last-minute tickets to the Opera and go out with your spouse.
  • Chaperone a school dance for your teenager.
  • Go to the company Christmas party without having to schedule a last-minute fitting during one of the busiest times of the year.
  • Accept an invitation to a last-minute fundraiser or auction. 

When you buy a suit, you are always ready for formal occasions.

Sentimental Value

Studies indicate that wearing quality pieces of clothing can influence how you think, increase your confidence, and even change your hormone levels and heart rate. 

  • One study found that changing into formal clothes increases your abstract thinking, creativity, and feeling of power.
  • Some research indicates that when male subjects wear a suit, they increase their testosterone levels and their ability to negotiate, which is great for those who Network and conduct business matters on formal occasions.

But mostly, looking good increases your confidence, how you carry yourself, and how you feel. Having a quality piece of fabric that you know was designed specifically for your personality and body can leave you feeling like a million bucks.

Cost Analysis of Buying a Suit

When to Rent a Suit

But is it cheaper to buy or rent a suit? Sometimes you have to look beyond the numbers and consider the case for renting a suit.


If you infrequently wear a suit, it might be a better option to rent a suit when it comes. You can get professionally measured in-store or provide measurements online and walk away with an accurately sized suit ready for pickup two days before your event. 

All you have to do is stop by for a final fitting and return it when you’re done. You can even find options for extended rentals, perfect for that unexpected out-of-town wedding with a bachelor party and a family brunch.

Wide Variety

You can find a wide array of styles and sizes that are readily available. You get to choose from the highest quality, classy rental products without being flashy.

Many people are worried that renting will give them a poorly fitted suit because of limited sizing, but this isn’t a problem with our on-site warehouse. There is a possibility to submit your measurements online or in person and have a final try when you rent a suit. An on-site warehouse means you can make a quick switch when you try it on to ensure everything is comfortable and flattering.

Lower Upfront Cost

The dollar-for-dollar figure suggests that renting is cheaper. This is ideal for individuals who are budget conscious. Maybe you don’t have the time just yet to buy a custom suit, and you only need it for one occasion, but you don’t anticipate needing it again for several months or years.

No Maintenance

Like all costly investments, a good suit has to be properly cared for and stored. You have to protect it against Invasion from hungry critters and keep it stored upright so it doesn’t wrinkle in a breathable garment bag. Many people use wooden hangers to absorb moisture and prevent the development of odors and put solid surfaces across the shoulder pad so they don’t warp. 

If you are currently operating out of a small one-bedroom walk-up with limited storage space, it might be a better time to rent a suit you don’t have to maintain.

Cost Analysis of Renting a Suit

When you look at your cost analysis, you have to look at any potential fees and, of course, the time frame you have. The longer you wait to rent a suit before your event, the higher the cost will be, and the longer you wait to return your suit, the higher the fees will be.

Final Thoughts

What factors should you consider when renting a suit vs buying a suit? All of the above. You need to consider the following:

  • How often will you wear it
  • What is your budget now
  • Whether you can store and maintain a suit
  • If quality and sizing are important to you

Renting a suit vs buying comes down to multiple factors, which is why it’s important to look at the cost-benefit analysis before making a decision.