![]() What Equipment Are You Currently Renting? To find the best cable modem for you situation, there are a number of considerations. ![]() I stopped renting cable modems back in 2007, which has saved me about $1,800 over fifteen years. I’ve written for PC Mag, Small Business Computing, and Smart Computing among others, and my most recent book is Hacks for Alexa (Racehorse Press, 2019). The Expert: For nearly 30 years I’ve been an IT professional, personal tech consultant, and technology writer, who spends most of my time hip-deep in all kinds of tech. This ensures you won’t lose any current-or future-performance or features, just that rental line item on your monthly bill. When choosing a cable modem or Wi-Fi combo to buy, it’s important to get a device that’s well-matched not only to the Internet service you have today, but what services you anticipate needing tomorrow. (Naturally, check your bill to confirm your specific potential savings.) Depending on your specific circumstances, buying your own equipment can pay for itself in as little as one year and rarely more than three. Rental charges for such equipment can range anywhere from $5 to $14 a month, which may not seem like a lot, but when you consider it amounts to $60 to $168 a year-year after year-the cost adds up. How much savings are we talking about here? It depends on your cable company and whether you rent a basic cable modem or a full-blown cable modem/Wi-Fi router combo device. Do you get Internet service from your cable company? Are you looking for a relatively painless way to reduce your monthly expenses a bit? If you answered “yes” to both questions, then you may be a candidate to save money by buying your own cable modem rather than renting it from your provider.
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