Zoe Alvarez
Verizon Fios customers have the option to rent or buy a router, modem, or gateway. While renting is a more convenient option, it may be more cost-effective to purchase the equipment outright. The rental fee for a router from Verizon Fios is $15 per month, which amounts to $180 per year. On the other hand, purchasing a router from Verizon costs $199 and includes a two-year warranty. Therefore, renting a router for more than a year may be more expensive than buying one, especially considering that rented equipment must be returned upon cancelling the service.
Characteristics and Values
| Characteristics | Values |
|---|---|
| Rental Fee | $12 per month, $144 per year |
| Purchase Fee | $199 |
| Rental Period | Minimum of 2 years |
| Purchase Benefits | Tech support, warranty service |
| Rental Benefits | New upgraded router every 1-2 years |
| Router Types | Modem, modem-router combination, gateway |
| Router Brands | Verizon, third-party |
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What You'll Learn
Cost of renting vs. buying a router
When it comes to the cost of renting versus buying a router from Verizon, there are a few factors to consider. Firstly, let's look at the cost of renting. Verizon Fios charges $15 per month for equipment rental, including the router and extender. This adds up to $180 per year. While Verizon Fios does not have a contract, so you're not committed for a minimum of two years, the long-term cost of renting can be significant. If you stay with Verizon Fios for more than a year, you will essentially be paying for a new router every subsequent year. Additionally, when you cancel your account, you must return the rented equipment or face additional fees.
Now, let's compare that to the cost of buying. Purchasing a router from Verizon Fios can range in price, with some users mentioning a cost of $199 for a router with a two-year warranty and others stating a price of $410 for a router. While buying a router upfront requires a larger initial investment, it can save you money in the long run, especially if you plan to stay with Verizon Fios for more than a year or two. Additionally, owning your equipment gives you the flexibility to switch providers without the hassle of returning rented devices.
It's worth noting that if you choose to buy your own router instead of renting or buying from Verizon Fios, you will need to ensure compatibility with their network. Troubleshooting and maintenance will also be your responsibility, and Verizon Fios may not provide technical support for third-party equipment. However, by doing your research and comparing different options, you can find viable alternatives that meet your needs and potentially save you money.
In summary, the decision between renting and buying a router depends on your specific circumstances and preferences. Renting may be more convenient and suitable for short-term commitments, while buying can offer cost savings and flexibility in the long run. Ultimately, it's important to consider your usage needs, the potential duration of your service, and your comfort level with equipment maintenance when making your choice.
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Compatibility with third-party routers
When it comes to compatibility with third-party routers, Verizon Fios gives its customers the option to rent or buy a router from them or use their own router. While it is possible to use your own router with Verizon Fios, there are certain setups that can make the process more complicated. For instance, Fios One set-top boxes require the use of a Verizon router as the primary router.
If you have standalone Verizon Fios Internet, using your own router is a simple process. You can either release the DHCP lease on the Verizon router and plug your own router in, or, if you haven't had Fios installed yet, you can ask the technician to plug the service into your router. If you have Verizon TV service or your Fios service was installed using older methods, it is still possible to use your own router, but there will be additional steps, and you will need to keep the Verizon router.
It is important to note that if you choose to use your own router, official Verizon support will not be able to assist you with any issues. However, you can seek assistance from the Verizon community forums.
When it comes to third-party routers that are compatible with Verizon Fios, there are lists available online. However, it is important to note that not all routers will work, and routers designed to work with Comcast are not compatible with Fios. Additionally, if you are looking for a router that can support a landline phone, you may need to consider additional factors or seek specific recommendations.
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Technical support for third-party routers
When it comes to internet services, Verizon offers a wide range of advanced equipment and accessories to enhance your connection. You have the option to either rent or purchase a router from Verizon, or you can choose to buy your own router from another brand.
If you opt for the latter, it's important to note that Verizon will not provide technical support for third-party routers. You will need to rely on the support services offered by the manufacturer of your chosen router. This means that any issues or problems you encounter with a non-Verizon router will have to be addressed through the manufacturer's customer support channels.
Verizon does offer technical support for its own products, including routers, modems, and gateways. Their Tech Support Pro service provides assistance with installation, setup, configuration, and troubleshooting for a variety of devices, including computers, printers, smartphones, and gaming consoles. However, this service is specifically for Verizon-provided equipment and does not extend to third-party devices.
If you're considering purchasing your own router, it's important to do your research and compare different options to ensure compatibility with your Verizon internet service. Additionally, keep in mind that you may need both a modem and a router, or a combination device known as a gateway, depending on your specific needs and the size of your home.
While Verizon does not offer direct technical support for third-party routers, they do provide resources and guides on their website to help customers with router configuration, especially when using a network extender. These guides offer step-by-step instructions and troubleshooting tips for common issues, such as firewall settings and finding IP addresses.
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Installation of third-party routers
You are not required to rent a router from Verizon, and you can choose to buy a router from them or use your own. However, it is important to note that Verizon does not officially support the use of third-party routers, and if you encounter any issues with your own router, official Verizon support will not be able to assist you.
- Determine your network setup: Identify whether you have standalone Verizon Fios Internet or a Fios Internet and TV combo.
- Check your connection type: Find out how your router is connected to the Optical Network Terminal (ONT). If it is connected via Ethernet (typical for newer setups), you can proceed to the next step. If it is connected using a coaxial cable (true for older setups), you will need to switch to an Ethernet connection.
- Switch to Ethernet: Locate the ONT, usually a white or silver box with the Verizon logo, and find the Ethernet port. Connect your router to the ONT using an Ethernet cable.
- Release DHCP lease: If you already have a Verizon router, release the DHCP lease on it.
- Plug in your own router: Connect your third-party router to the Ethernet port on the ONT or the Ethernet port on the Verizon router, depending on your setup.
- Set up your new router: Follow the instructions provided with your new router, which may include setting it up through a mobile app or a web interface.
It is important to note that if you have Verizon TV service or if your Fios service was installed using older methods, additional steps and caveats may apply. In such cases, refer to specific guides or community forums for detailed instructions.
Additionally, when using your own router, you may need to purchase additional equipment, such as a MoCA adapter if you have Fios TV service. Remember that while you can save money by using your own router, Verizon will not provide technical support or warranty service for third-party routers.
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Router rental discounts
Verizon offers three home internet services: Verizon Fios, Verizon 5G Home Internet, and Verizon LTE (4G). Each service has equipment rental included in the price. However, you can choose to buy your own router instead of renting one from Verizon.
The router rental fee for Verizon Fios is $15 per month. This means that in just under 12 months, you would have paid off the entire cost of the router, which is valued at $175 according to Verizon's lost equipment fees. Therefore, if you plan to stay with Verizon Fios for more than a year or two, it is not a good deal to rent their equipment.
You can purchase your own router and save money on rental fees. Buying your own router gives you more control and can lower your internet bills. Additionally, you can avoid the hassle of returning rented equipment and facing unnecessary fees or problems.
Verizon Fios customers have reported that upgrading their internet plan made them eligible for a router rental discount. By calling Verizon support and asking about options and discounts, some customers were able to get deals on their router rentals. Therefore, if you are considering renting a router from Verizon, it may be worth contacting their support to explore any available discounts or deals.
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Frequently asked questions
No, you can either rent a router from Verizon or buy one from them or a third party.
It costs $15 per month to rent a router from Verizon.
It costs $199 to buy a router from Verizon.
Renting a router from Verizon means you will receive tech support and warranty service. Additionally, every 1 to 2 years, you can get a new upgraded router.
Buying a router from Verizon means you will receive tech support and warranty service. You will also own the router and not have to pay a monthly rental fee.
