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What are Azure Reserved Instances?

An example of an AI chatbot conversation about Azure Reserved Instances.

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You

What are Azure Reserved Instances?

MagicBuddy
MagicBuddy

Azure Reserved Instances are a pricing option that allows you to reserve virtual machines for a one or three-year term, providing significant cost savings compared to pay-as-you-go pricing.

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You

How much can I save with Reserved Instances?

MagicBuddy
MagicBuddy

You can save up to 72% compared to pay-as-you-go prices, depending on the instance type and term length you choose.

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You

Are there any commitments involved?

MagicBuddy
MagicBuddy

Yes, you commit to using the reserved instances for the duration of the term, which can be one or three years.

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You

Can I change my Reserved Instance after purchasing?

MagicBuddy
MagicBuddy

Yes, you can exchange or cancel your Reserved Instances, but there may be some limitations and fees involved.

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You

What types of instances can I reserve?

MagicBuddy
MagicBuddy

You can reserve various types of virtual machines, including general-purpose, compute-optimized, and memory-optimized instances.

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