Understanding the Pros and Cons of Renting vs Buying a Cable Modem

March 8, 2022

To get any type of Internet in your home, you need a modem. The modem, like a cable modem, talks with your Internet Service Provider (ISP) to get the Internet connection. Your devices can connect right to it for a strong wired connection, but you need a router for WiFi.

Is it better to rent or buy your cable modem? There are pros and cons to both options. Depending on your living situation, it might make sense to rent one. For example, if you are in a temporary living situation and you only need Internet access for a limited time.

Here are some pros and cons to understand before making your renting versus buying decision:

 

Pros of Renting a Cable Modem

The pros of renting a cable modem are that your ISP is responsible for when things go wrong (to an extent). For example, if your device breaks, has a big functioning issue, or something like that, you can trade it in for a new one.

 

Cons of Renting a Cable Modem

The cons of renting a cable modem are that it is more expensive in the long run than buying one. Also, when it comes to configurations and personalizing advanced features and security, you’re limited.

 

When to Rent:

So, should you ever rent? Totally! For some, this is a better option (kind of like leasing versus buying a car). If the following fit your lifestyle and circumstances, you can feel confident that renting is a good option:

  • You are in a temporary living situation
  • You are splitting the cost with others
  • Your employer is paying for the bill
  • Altering settings and configurations isn’t super important to you

 

Pros of Buying a Cable Modem

The pros of buying a cable modem are that it is less expensive in the long run, buying updated models don’t have to happen regularly, and configuring advanced settings is easy and you can personalize it.

 

Cons of Buying a Cable Modem

The cons of buying a cable modem is that you are fully responsible for you devices, so if it breaks of malfunctions, you have to buy a new one.

 

When to Buy:

Buying is a great option for you if:

  • You want to have the very latest in cable modem technology
  • You want to save monthly equipment rental fees

At the end of the day, buying a cable modem has more pros than renting one does. But there is still a case for both. Buying a cable modem like Hitron’s CODA DOCSIS 3.1 cable modem, future-proofs your Internet speeds and increases the performance of your Internet connection.

Hitron’s DOCSIS 3.1 cable modem offers the latest in DOCSIS 3.1 technology for enhanced speeds and performance. Need more information on Cable Modems?  Read our other articles on our Learn Page.

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