Pros And Cons Of Renting To Own

The Story Behind Renting To Own

Water is one of the most important need in our homes. We need a good water system in our homes since we use it daily. Water heaters have become a part of our lives, buying one will be costly and there is where renting will happen. Renting a hot water tank means that your up-front costs are zero, and you just pay a monthly rental fee of $15 – $30. Service has been covered for as long as you rent the tank, so you don’t have to worry about unexpected expenses. That is one of the benefits of renting a water heater. If you want to own water tank, but cannot afford to buy it directly you have the option to rent-to-own.

In a typical home purchase, the sale takes place shortly after the offer has been accepted, and the transaction is completed at closing. Since most buyers don’t have the money to pay

Even renting to own is not perfect. There are certain pros and cons of renting your water heater

There are a lot of benefits that come with renting to own your water tank like the

You can even get service the day you call for repairs.

• When your financial situation improves, you can take advantage of your rent-to-own option and buy your rented water heater at a lower price than that of a new water heater.

There will always be cons that come with renting a water heater like the following:

• You would be paying for an older water heater and taking on the charges of maintaining and repairing it as well. You may actually save more money in the long-term by buying a newer, more energy-efficient model.

• The longer you rent a water heater, the more costly it gets. You could end up gradually paying more than you would have if you had purchased a water heater instead.

• Returning a rented water heater or getting out of a rental contract early can be tricky and costly. Make sure you read and understand your rental