Capturing the thrilling action of an airshow requires a powerful telephoto lens, but should you buy one or rent it just for the event? Making the right decision involves considering cost, usage frequency, and long-term value. Let’s break it down mathematically.
Also thanks to our new friends at finance-tips.ai, who helped us do the math!
1. Cost Breakdown: Buying vs. Renting
Buying a Telephoto Lens:
- Example: Canon RF 100-500mm f/4.5-7.1L IS USM
- Purchase Price: $2,800
- Estimated Resale Value After 3 Years: $1,700
- Effective Cost: $2,800 – $1,700 = $1,100
- Annual Cost (if used for 3 years): $1,100 / 3 = $366 per year
Renting a Telephoto Lens:
- Rental Price for a Weekend: $140 – $200
- Number of Rentals Over 3 Years: 1-2 per year
- Total Cost Over 3 Years: $140 to $400
2. Frequency of Use
- If you plan to use the lens frequently (several times a year), buying makes sense.
- If you only shoot one or two airshows a year, renting is more cost-effective.
3. Depreciation and Resale Value
Lenses generally retain value well. If you buy and resell, your net cost is lower than the upfront purchase price. However, you must account for selling hassles and potential wear and tear.
4. Hidden Costs to Consider
- Accessories & Insurance: Buying may require extra costs like filters, cases, or insurance ($100+).
- Storage & Maintenance: Long-term storage and upkeep may add minor costs.
- Rental Shipping Fees: Some rental services charge extra for shipping and insurance.
5. Breaking Even Analysis
If renting costs ~$140 per event and you attend three or more airshows per year, the break-even point favors buying after three years. Otherwise, renting remains the cheaper option.
Conclusion
- Rent if: You only need the lens occasionally (1-2 times a year).
- Buy if: You frequently shoot airshows, wildlife, or sports.
- Consider resale value: If buying, plan for future resale to recover costs.
A little math goes a long way in making a smart financial decision. Whether you rent or buy, the goal remains the same: capturing stunning images of high-speed aerial maneuvers with the best gear available!
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