The author of this blog, Vivek Parekh, is an expert writer in the field of technology and development. He has done extensive research to bring the facts about renting and owning an iMac to help out readers.
The iMac is sleek and powerful but is quite expensive. Both companies and individuals in India will be faced with the question of whether renting or buying an iMac is better. The answer is determined by the purpose and usage, budget constraints, and goals for the use of the iMac in the long run.
Students and most working professionals would prefer renting an iMac for short-term projects, whereas long-term users would find the iMac a worthy asset to own. This guide will focus on the most important factors in determining the choice between renting and owning an iMac.
Cost of Renting an iMac
There are many service providers who allow renting out iMacs; the price would always differ from one service provider to another owing to the tier level of the model, duration of rent, and tier of service offered. Here is a broad estimate:
- Basic iMac models: ₹4,000–₹6,000 per month
- High-end iMac models: ₹7,000–₹15,000 per month
Some providers lower the cost of long-term rentals. However, tech support, software upgrades, and maintenance of the unit are generally part of the rental. This is an added bonus in terms of reducing the overall cost.
Students and businesses can now rent the device at events at a minimal cost for academic or design-related work, which saves money.
Cost of Owning an iMac
Buying an iMac in India comes with its own challenges, like a high upfront cost. Here are a few of the prices:
- iMac 24-inch (M1, 256GB SSD) – ₹1,30,000
- iMac 24-inch (M1, 512GB SSD) – ₹1,50,000
- High-end iMac models – ₹2,00,000+
In India, purchasing an iMac also requires considering expenses such as AppleCare, subscription fees, additional components, or even matching existing software. Though there aren’t any monthly rentals, these fees add up.
Advantages of Renting an iMac
1. Lower Upfront Costs
There’s a lower barrier to entry when renting an iMac, which can usually be done through a monthly payment process.
2. Access to the Latest Models
With technology moving so quickly, having rented equipment allows one to keep replacing older models with current iMacs without needing to sell them.
3. No Maintenance Costs
Less overall maintenance is costed to the renter since the renting company is the one responsible for additional tech issues and repairs.
4. Ideal for Short-Term Use
For final project requirements, presentations or video editing, renting provides a better option.
5. Tax Benefits for Businesses
Business rentals are deductible, which lowers their tax burden
6. Flexible Plans
You can choose to rent an iMac for a week, a couple of months, or even a few years based on your needs.
7. No Depreciation Loss
Leasing an iMac negates the need to worry about the resale value, which is usually a hassle, considering the value of an iMac diminishes with time.
You May Also Like: The Benefits of Renting iMacs for Creative Offices
Advantages of Owning an iMac
1. Long-Term Savings:
An iMac also provides value when paired with daily work or creative projects.
2. Full Control Over the Device
The software level can be done if the device is owned.
3. No Monthly Payments
Having no rental fee once the iMac is purchased is a hassle off your chest.
4. Better for Video Editors and Programmers
Higher value is provided if demanding video editing or complex programming is regularly done, which comes with owning an iMac.
Comparing Rental Costs vs. Ownership
An iMac can be rented for 6,000 rupees, which is 1.44 lakhs over two years. A model costs 1.3 lakhs with no expenses for the software, repairs, or maintenance. With buying comes the additional cost.
Renting an iMac is a much more economical option for a short term basis, whereas leasing for over three years makes purchasing much easier.
Recommended Read: 10 Advantages To Renting Equipment VS Owning It
Which Option Is Better for You?
- For someone looking to avoid maintenance hassles, iMac rental is a suitable option for those looking for the latest model for a short duration.
- If you’re looking for a long-term investment, buy an iMac if you require it for daily work or creative purposes.
Business professionals, event planners, and students who need an iMac for a short duration will find renting an iMac a great option. In contrast, professionals who depend on an iMac for their work will be better off buying one.
Conclusion
Renting or owning an iMac is entirely dependent on your needs and budget. When considering flexibility and lower maintenance costs, renting becomes more viable, whereas long-term users who need complete control over the device will find buying more suitable.
If you’re using the iMac for business or personal use, compare the costs beforehand. Renting iMacs from platforms like Rental Bunny offers top-tier performance, sleek design, and short-term financial flexibility, while owning an iMac may provide better long-term savings.
FAQs
Depending on the model and provider, rental prices range from ₹4,000 to ₹15,000 a month.
For short-term projects, renting is the optimum choice, but 3 years later, it would be better to purchase one.
Yes. Students can rent an iMac for design work, educational projects, or even to attend online classes.
