Why purchase Azure RI?
With Microsoft Azure reserved instances (RIs), you can gain significant savings when you reserve a VM in advance. Azure RIs provide simplicity and flexibility in the following ways:
- Available for one or three-year reservation terms for better budget and forecasting.
- Easy to purchase in a few steps and setup completed is in seconds.
- Cancel or exchange reserved instances at any time for adjusted refund.
- Have automated management of Azure RIs with instance size flexibility.
- Manage reserved instances usage at the organizational or individual department level.
Azure VM Reserved Instance (RI) Plans and Pricing
Features and benefits of Azure Virtual Machine RIs
Azure VM reserved instances (RIs) can help you to achieve more at a less cost.
More resources at less cost
- You can significantly reduce costs—up to 72 percent compared to pay-as-you-go prices—with one-year or three-year terms on Azure VMs.
- Lower your TCO by combining Azure RIs with pay-as-you-go prices to manage costs across predictable and variable workloads.
- It allows you to further reduce your costs with reserved instance size flexibility.
- You can now improve budgeting and forecasting with a single upfront payment, making it easy to calculate your investments
More flexibility and simplicity
- You can purchase Azure virtual machine RIs in three simple steps—specify your Azure region, virtual machine type, and term (one year or three years).
- Exchange Azure RIs across any region and any series as your workload or application needs change.
- You also have the flexibility to cancel an Azure RI at any time and return the remaining months of a reserved instance back to Microsoft (up to the yearly limit) for an early termination fee.
- Simplify and automate the management of Azure RIs with their better adaptability. Azure can automatically apply these RIs to other VM sizes within the same group and region. As a result, you will spend less time managing your RIs.