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I've been thinking for a while about financing or leasing a camera and then renting it out to agencies to pay for the monthly cost. I know at least 3 people who do this, but I'm unsure if it is a good idea. Do you rent out your camera? Did you purchase your camera with renting it out in mind? A little ranting and thinking out loud here: The hardest thing for me getting in to film these last 2 years has been dissociating personal cost impressions from business cost impressions. $100 in my personal account is a ton of money. But, $100 in my business account is now seen as next to nothing. I don't wait a couple of days to purchase a few hard drives for a project because of the sticker shock. The difference makes sense because business expenses are not expenses after revenue has been accounted for. In other words, it's not an expense on profit in my personal account. With personal cost impressions in mind, people don't flinch when buying and making payments on a new car, even when that car is $12,000 on up. Why should I flinch when buying a cinema camera in the same price range, especially if it is a business cost, rather than a personal cost? To add to that, aren't higher budget cameras more likely to get rented out? And, if they are more likely to get rented out, does the money gained from renting it out offset the cost of leasing it to the point that it ends up being less expensive than a lower budget camera? I'm torn between getting an Eva-1 or C200 or jumping and getting the recently-price-slashed Varicam LT or a Red. This is not about "expensive camera = more work." It's about making work less like work. Shooting on durable cine cameras that have great color and are easy to edit in post makes me happy. I hate messing with loose Metabones mounts, poor codecs, gross colors, and "fixer" LUTs. All those issues are just barriers to the fun of camera work. Having a camera that pays for itself in renting it out to people while also giving me the joy of filming (that I'm guessing everyone here shares) sounds worth it to me. Have you made this jump? Was it worth it? What should I be considering when thinking about this?
Hi Everyone, I am curious, for those of you who have invested in your own equipment, would you be interested in becoming a member of an online community where you can rent it out to other people through a web-based service. The website would include the facilitation of insurance on your item, and membership accountability and vetting. An example, but in another industry, is the website www.fun2rent.com. Would love to hear your thoughts. Thank you, Chelsey