On Average Homes Are Spending 40% Extra When Leasing Routers 

During an average year, some people spend about 40% more on fees associated with leasing routers and other equipment than they would spend on the cost of a new router. This means that purchasing a new device would be a better option. However, there are some obstacles that could stand in the way of making this purchase.

Basic Details
For most customers, the average price for leasing a router is $11 a month. This evens out to around $135 a year just to lease equipment that might need to be returned to the internet provider if the customer decides to cancel the service. Routers purchased online through Amazon and other companies are about $80 to $100 depending on the type. After purchasing a new router, you would have money left over from what you would spend leasing a router from the internet service provider. However, there are a few technical issues that might keep some customers from purchasing a router as most service that’s required if something breaks is covered by the provider.

There are a few taxes and other fees that are included in monthly internet bills. A recent bill prevents providers from charging you if you have a router that you’re not using. That small amount of money might not seem like a lot at the time, but over a few months, it could mean saving enough for a tank of gas or enough to get a few extra groceries for your home. The fee for renting a router and other types of equipment is going up each year, which means that some people might be able to purchase two routers once everything is said and done.

Average Fees
There are about a dozen top internet providers across the country with some charging much more in fees each month and year than others. If you have the money to spend, then it would be better to purchase a router than to rent one, especially if you can find one on sale. The router that you purchase should be compatible with your provider as some are specific to a certain company, such as Spectrum. If you need built-in Wi-Fi, then you might spend a little more on the equipment that you purchase, but you’re going to have everything that you need in one device. Another factor to consider is your technical skill level. If you don’t know how to work on internet equipment or how to connect it, then you might want to rent a router as someone can connect it for you or offer assistance. You’ll also get assistance for the duration of leasing the equipment if it’s needed.

Benefits of Renting
You won’t need to research the type of router that you need if you rent the equipment. The provider will give you the proper router that coincides with the internet service available. Some companies allow you to purchase the router after it’s leased or apply what you’ve paid to the purchase price if you want to keep the equipment. If you know that you’re only going to be with a provider for a short time or you only need something basic, then renting a router might be the best option for you. However, you need to think about the speed that you need from your internet service as some routers are a bit more high-tech than others and offer a better connection.