Pros and Cons on renting Camera equipment vs buying

I would appreciate hearing some pros and cons of renting camera
equipment as opposed to buying it.
Thank you,
Craig

 

Basic rule: If you can't make enough money with it to pay for it in a
year's time, then rent it.

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My one concern when renting equipment as opposed to owning equipment is that
you're never 100% sure what you're getting when you rent it, you don't know
it's maintenence history, you don't know that the batteries haven't been
used 1000 times over, etc... this can usually be circumvented by working
with a select few rental houses that you trust, but the danger can never be
completely removed.

 

OTOH, when you rent, you always have the latest, and you can get exactly what
you need for the particular job.