Rent or buy?

Rent or Buy?


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And-s0n

New Member
Mar 26, 2006
118
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#1
If you have an event coming soon and u lack the proper equipment, would you rent or buy it?
 

trd2970

Senior Member
Jun 8, 2005
5,310
1
0
#2
Just rent it unless u need the equipment for subsequent jobs?
 

catchlights

Moderator
Staff member
Sep 27, 2004
21,903
46
48
Punggol, Singapore
www.foto-u.com
#3
whether rent or buy, you need to factor the cost of gears into your charge.

let say a piece of gear is $1000, usually rental cost is about $35-$40 per day, you need x3 and factor that into your charge, why? you need to make a trip to collect and return, time is money, in case you not free to collect a day before or return on the next day, additional cost will also involve too.

if you decide to buy a piece of gear, the cost is $1000, you need to add 50% of the cost for maintenance and repair, the gear will have to write off and replace after 3 years. So it is $1500.00 in total 3 year life span or $500 per year.
let say you will need it for 10 assignments each year, it will cost you $50.00 for using it on each assignment.


so it is make perfect sense beside just charging for your labour, you will have to add all the expenses into your rate if you plan to do it freelancing or full time.
there is no such thing as shooting for FREE, that is only applicable on the receiving party, on the photographer side, it is always 倒贴.
 

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BBTM

Senior Member
Nov 23, 2004
2,211
6
38
BB West
#4
Depend on the number of days which you need the lens. It's not so logical to rent an item for a oversea trip cause you might damage it, lost it etc.

But if you want to rent it for an assignment, still worth cause after which, you might not be using. But if you know you are going to use it again, just buy it.
 

TWmilkteaTW

Senior Member
May 30, 2011
2,251
1
0
#6
well..what i know is ..some will buy from the BNS forum.
Use it. then sell back on the BNS forum at the same price. (of cos there are some pple selling back at higher or lower price too).
In this case.. usually u would loose less money as compared to buy or rent. But u have to make sure somebody would buy from u..else..:)

Buy it only if u really like it/can afford/ or its a requirement for you ie u cant do without it.
 

kandinsky

Moderator
Staff member
Apr 26, 2008
3,014
24
38
#7
If you have an event coming soon and u lack the proper equipment, would you rent or buy it?
What kind of event? Your kid's 1st month celebration? Context – Professional or personal?

Professional: Compare costs of rental vs cost of acquisition vs expected ongoing usage (see catchlight's post). It's a business decision.
Personal: Either. It's your money, you can do what you want with it. If having 'an event coming soon' gives you a good reason to buy gear you've always wanted to get, carry on :bsmilie:
 

sbq3162

New Member
Sep 5, 2007
33
0
0
Singapore
#8
I agree. Gotta weigh the outcome of it. If this equipment is going to be used again and again, then the depreciation and investment costs will cover it but if its going to be used very occasionally, then renting may be a better choice.
 

kandinsky

Moderator
Staff member
Apr 26, 2008
3,014
24
38
#10
Assessing an item that I'll definitely need for 2 upcoming assignments (1 day each).

Unit cost: $800 // Rental cost: $60 ($30/day) // Estimated working life: 2-3 years

Conclusion: Will purchase it if it's something that will be used at least 27 times/days within 2-3 years. Taking in mind the convenience (that's 27 trips to collect/return) and risks (damage/theft/loss/maintenance) of ownership. Alternative consideration, whether possible to sell for at least $740 after I'm done with these upcoming assignments.
 

Mythmaker

New Member
Oct 8, 2011
1,011
2
0
Buangkok MRT
#11
I agree with silvermoon1407. Buy 2nd hand, sell it after the event. No monetary losses, but a load of experience gained.
 

J-Chan

Senior Member
Sep 21, 2005
2,361
1
0
#12
I agree with silvermoon1407. Buy 2nd hand, sell it after the event. No monetary losses, but a load of experience gained.
That's assuming you have and can afford to have that $$ missing from your account for whatever time till you sell. And afford the effort/loss time to deal. Experience (good/bad) gained indeed.
 

enzeru21

New Member
Apr 7, 2010
1,494
0
0
upper thomson
#13
It really depends on how much disposable income you can fork out right? some people have no worries about spending and some have tighter pockets, so based on your own finances you have to measure the difference between owning a piece of expensive glass or renting it.

most of the time people would advice to rent if you're not using it frequently or you just want to test it out.
 

Blur Shadow

Senior Member
Sep 17, 2005
4,886
4
0
#14
Long term potential use, can't compromise on quality - buy new

Long term potential use, have time to evaluate quality - buy 2nd hand

Short term or one-time use only - rent
 

ZF Zameer

New Member
Jul 7, 2013
15
0
0
Bedok Reservoir
#16
If you have an event coming soon and u lack the proper equipment, would you rent or buy it?
For me it depends on the amount of cash flow that I have.

If I just want to try out a new lens and don't really need it - just rent. Otherwise I'll fork out to purchase the equipment if it's to serve me in the long run on a daily basis. Just my opinion.
 

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