Renting vs. Buying A Propane Tank: Which is Better For You?

It goes without saying that more and more homeowners are choosing propane for its reliability, safety, efficiency, and performance. But when you decide to switch to propane you must decide whether to buy or rent a propane tank. Like any major decision there are pros and cons for each one, but the good news is we’re here to help you weigh those pros and cons, and determine which option is better for you.

Buying

Purchasing a propane tank is a big investment depending on the size tank you need for your home. Most require the cost of the tank as well as professional installation, but it does give you the opportunity to shop around and have control over where you can purchase. It also allows the flexibility to paint, or do as you wish with it. Plus, if you’re a heavy propane user whose needs are more consistent, buying may be your best bet. Also, if you’re looking to sell your home in the future, it might give prospective buyers a little extra incentive to purchase your home.

The downside to owning your own tank is that you’re on the hook for maintenance and repairs. Just like most trappings of ownership, you are responsible for the costs involved in needing to make any repairs, relocate, or replace your tank.

Leasing/Renting

Although propane tanks are meant to last for a long time, there could be issues that arise now and then, but when you lease your propane tank you will not be responsible for maintenance and repairs. Although this means you will most likely have to buy your propane from the company that owns the tank.

Another thing to consider is your needs. If you have light or inconsistent needs, or you’d prefer low, long-term fees over a large upfront investment, you might prefer to lease propane tank equipment.

The choice to rent or own your propane tank depends greatly on your personal circumstances. While some appreciate the freedom to change propane suppliers at will, others value the full-service type packages that often come with leasing a tank.

These are just some of the basic pros and cons, but if you want more detailed information on options, pricing, and installation, our team at Nelson Propane will be more than happy to answer any questions. Call your nearest Nelson Propane location or reach out to us at 1800-234-9052 for more info.

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