Rent to Own was established as an alternative to
mini-warehousing. the often no strings plan allows you to have your
own storage facility in your backyard or business, when and where
you need it. The monthly rental rates are comparable to
mini-warehousing rates per square foot, however with the Rent to Own
plan, a portion of each payment applies toward the purchase price if
you decide to buy. All that is required is a nominal deposit,
delivery fee, and in some cases, your first month’s payment, and you
can have your building delivered to your location. Deposits are
sometimes refundable whenever you exercise your option to purchase.
Normally you are not required to fill out a credit application, nor
are you required to keep the building. If, at any time, your
building becomes a financial burden, or if you no longer need the
building, for any reason, simply give the dealer a call and they
will gladly pick it up and your credit will remain untarnished.
Is Rent-to-Own a good Deal?
Rent to own charges vary among manufactures and dealers but are
normally higher that other financing options, but are of course are
less expensive than straight renting, where you will never own you
buildings. Most dealers apply 30% to 50% or the rental payment to
price of the building.
Find a Rent-to-own Dealer in your area