Should You Buy or Rent Video Equipment?

Did you know that videographers are most in-demand in New York, NY? If you want to become a videographer, in New York or somewhere else, you have to start by practicing your skills.

Being a videographer isn’t a cheap career, you’ll likely have to cough up the cash for your own equipment. Luckily, you can choose to buy or rent.

Keep reading to learn if you should buy or rent video equipment.

Buying Video Equipment Pros

There are three major pros of buying video equipment instead of renting it. Availability, acquiring new skills, and becoming a renter are all at the top of the list.

Availability

When it comes to the pros and cons of buying video equipment, this advantage often outweighs the cons. Buying video equipment allows you to use it whenever and however you’d like.

In contrast, when you rent, you have to coordinate with the renter’s schedule.

Acquiring New Skills

If you own film equipment, you have more time to focus on gaining new skills. The equipment is available on your time so you can practice whenever you want.

Becoming a Renter

Deciding whether or not to buy or rent video equipment often comes down to cost. If you are worried about money, you can make it back by renting out the video equipment you own.

For some, this is a plausible way to gain cash on the side.

Buying Video Equipment Cons

In the conversation of renting vs. buying video equipment, it’s important to note the pros and cons of each option. With the cons of buying equipment, you can decide if it is the right choice for you.

Costs

Not only is the price of video equipment high, but you have to calculate the insurance costs as well. Although insurance is not required, it’s recommended to protect your investment.

Technological Advancements

If you buy your video equipment, you get the latest model. However, technology advances fast. You could be left with an outdated model sooner than you thought.

Renting Video Equipment Pros

If buying equipment doesn’t seem right for you, renting is the way to go. These are the pros of renting video equipment.

Cost

In the short term, it costs less to rent video equipment. You aren’t responsible for paying for maintenance or insurance costs either.

Access to Different Equipment

Although you will be on a schedule when you rent, you’ll have access to different equipment types. You won’t be limited to one expensive piece of equipment.

For example, you can get the latest Brainbox Cameras without buying the equipment yourself.

Renting Video Equipment Cons

With pros come cons. These are the most common renting video equipment disadvantages.

Cost

Yes, the cost can be a pro, but it can also be a con. This will depend on how much you rent out equipment. Over time, the rental equipment costs might be more than it costs to buy equipment outright.

Availability

You are subject to the renter’s availability when you choose to rent. If a piece of equipment is rented out, you’ll have to wait until the next available date.