Buying a tuxedo could actually be a money-saver in the long run.
Suit Mart has a prom tux package with a tuxedo, shirt, vest, bow tie and pair of shoes for $140. That's only about $40 more than some rental costs.
"It's a very good investment. You don't realize how many affairs you go to that you'll need a tuxedo," said Gary Dante of Suit Mart.