2015Legal / Business Practices forum
Financing strategies for purchasing a steadicam rig
What the thread found
- A smaller rig can be purchased with a bank loan and supplemented with rental equipment for larger camera work, with rental costs passed through to the production budget.
- Purchasing a used complete rig from another operator may be more cost-effective than buying new, particularly older models that can be upgraded over time.
- It is advisable to secure financing before beginning the search for equipment to avoid missing purchasing opportunities.
- Some operators fund equipment purchases by borrowing from personal retirement savings.
Depends on
- The advice reflects individual financial decisions and may not apply to all situations.
- No comparison of total cost or long-term financial outcomes between different acquisition methods was provided.
- The thread does not address tax implications or optimal loan terms.
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