Formal Wear

Money is the main factor in your decision. Renting will cost about 10% to 30% of the price of a new tuxedo; the average price for a decent tux is between $300 and $500. If you attend three or four formal events per year, buying a tux may be worthwhile. Plus, a good tux is an investment -- you can wear it for years. But if you'd rather slather your body in hot tar than wear a coat and tie a couple of times a year, go for the rental. You must also remember to take all factors into consideration when choosing what to wear. It's not a big hassle, and you won't be stuck with thin lapels when extra-wide ones come back in style.