Open up Your Backyard Potential with Rent to Buy Sheds
Need a storage solution but don’t want to pay a lot upfront? Rent to buy sheds offer a simple way to get the shed you need today.
Here’s how Rent to Buy Sheds generally works:
- Choose Your Shed: Pick the shed size, style, and features you want.
- Small Initial Payment: Make a low initial payment, typically the first and last month’s rent as a deposit. No credit check is required.
- Get Your Shed: The shed is delivered to your property, ready for immediate use.
- Make Monthly Payments: Pay affordable monthly amounts, similar to rent.
- Own It: After the agreed term, the shed is yours! You can also pay it off early.
Do you dream of an organized backyard, a dedicated workspace, or just more storage? Many homeowners do. But buying a shed outright can be a big expense. This is where rent to buy sheds come in.
They offer a smart path to getting the high-quality structure you need. It’s about making ownership easy and accessible.
What is a Rent-to-Own Shed and How Does It Work?
A rent to buy shed is exactly what it sounds like: a program that allows you to rent a shed with the option to eventually own it. Think of it as a flexible lease agreement for your backyard structure. Instead of paying the full price upfront or securing a traditional loan, you make manageable monthly payments over a set period.
The beauty of a rent-to-own program is its simplicity and accessibility. Most programs operate on a month-to-month contract basis, meaning you’re not tied into a rigid long-term commitment. One of the biggest advantages, and a cornerstone of our own program, is that there’s typically no credit check required. That’s right, guaranteed approval after initial payment & rental info provided! This opens the door for many people who might not qualify for traditional financing or prefer not to impact their credit score.
How does ownership transfer? Unlike a typical rental where you never own the item, with a rent to buy shed agreement, once you’ve completed all your scheduled monthly payments, the shed becomes legally yours. It’s that simple. We’ve designed our process to be as straightforward as possible, partnering with reputable financing companies like RTO National to ensure you understand every step on your path to ownership. For a deeper dive into shed options, you can always check out our Shed Buying Guide.
The Simple Path to Getting Your Shed
Getting your dream shed with our rent-to-own program is a breeze. We’ve streamlined the process into a few easy steps, designed to get you the storage solution you need without delay.
- Choose Your Shed: This is the fun part! Explore our wide range of custom storage sheds, garages, and even chicken coops. Whether you need a small utility shed for gardening tools or a spacious garage for your vehicle, we have a style and size to fit your needs.
- Sign the Agreement: Once you’ve picked your perfect shed, we’ll guide you through a simple rental agreement. This contract outlines your monthly payments, the term length, and the conditions for ownership. Because there’s no credit check, this step is typically quick and hassle-free.
- Initial Payment: To get things rolling, you’ll make a small initial payment. This usually covers your first and last month’s rent for deposit. It’s designed to be affordable, making it easy to get started right away.
- Delivery and Setup: This is the exciting part! Once the agreement is in place and your initial payment is made, we’ll schedule a convenient delivery date. Wright’s exclusively serves customers in Utah and Idaho for rent-to-own. Delivery and setup are handled locally by Wright’s team. Experience includes efficient assembly and clean placement on your site.
- Make Monthly Payments: Once your shed is delivered, your affordable monthly payments will begin on the 5th of the month following delivery. Our delivery team will hand you your first payment coupon, and a full coupon book will be mailed to you for future use. Payments are easy to manage with convenient options like coupon books, online portals, and auto-pay through our trusted financing partner, RTO National, making it simple to stay on schedule, stress-free.
- Own the Building: Keep making those consistent monthly payments, and at the end of your agreed-upon term (which can range from 24 to 60 months), the shed is officially yours! You’ll receive the title, and you can celebrate your new, fully-owned backyard asset. It’s an easy way to reach ownership, one month at a time!
The Pros and Cons of Rent to Buy Sheds
Like any financial decision, choosing rent to buy sheds comes with its own set of advantages and potential drawbacks. We believe in being upfront with you about both sides of the coin, so you can make the best choice for your situation and storage needs.
Think of it this way: every financial option has trade-offs. A rent to buy shed program might be perfect for your neighbor but not quite right for you – and that’s okay! For a broader look at how this fits into your financing options, check out our Financing Options page.
Key Advantages of Renting to Own
The benefits of rent to buy sheds are pretty compelling, especially if you’re looking for flexibility and need a storage solution right now.
No credit check is often the biggest draw for folks. We get it – not everyone has perfect credit, or maybe you’d rather not have another credit inquiry on your report. With rent-to-own, your credit score isn’t standing between you and the shed you need. It’s guaranteed approval, which makes it accessible to nearly everyone.
The low initial cost is another huge advantage. Instead of writing a big check for the entire shed upfront, you start with just a small payment, often just the first and last month’s rent. This removes that big financial hurdle that keeps many people from getting the storage they need.
Instant approval means you can literally pick out your shed today and have it delivered within weeks (sometimes even days for models we have ready to go). No waiting around for loan approvals or saving up for months.
Once you make that initial payment and sign the agreement, your shed gets delivered and you can start using it immediately. You don’t have to wait until it’s fully paid off to start organizing your stuff or setting up that workshop you’ve been dreaming about.
The flexible terms are pretty sweet too. Most programs offer various lengths, typically 24 to 60 months, so you can pick a payment plan that actually fits your budget. Plus, the month-to-month contract gives you remarkable flexibility.
Here’s something unique: you can return the shed anytime without penalty. Life happens – maybe you move, or your storage needs change. Just give us a call and we’ll arrange pickup. You won’t get a refund, but there are no fees for ending the contract early. That’s some serious peace of mind.
Unlike renting a storage unit where you pay forever and never own anything, rent to buy sheds give you a clear path to owning your own backyard storage. Imagine having 24/7 access to your belongings right in your own yard! Check out our range of Storage Sheds to see what’s possible.
Potential Disadvantages to Consider
Now for the real talk – there are some downsides to rent to buy sheds that you should know about.
Higher total cost is the big one you need to understand. Rent‑to‑own programs typically cost more overall than buying outright because you’re paying as‐you‐go with embedded rental charges over time.
There’s also repossession risk if you can’t keep up with monthly payments. The company has the right to come get their shed back. We always give you a heads up if payments are missed and work with you when we can, but it’s still a risk to consider.
Limited equity is another factor. With rent-to-own, you don’t build traditional equity with each payment like you would with a mortgage or loan. You’re essentially renting with an option to buy. While some of your payments might go toward a discounted early purchase price, you don’t actually “own” anything until all payments are done or you pay it off early. If you return the shed, you don’t get refunds on past payments.
Finally, there’s the payment commitment. Even though it’s flexible, you’re still committing to monthly payments for the contract length. Make sure your financial situation is stable enough to handle this, or you risk losing the shed.
Here’s a quick comparison to help you see the differences:
| Feature | Rent-to-Own Shed | Buying Outright |
|---|---|---|
| Upfront Cost | Low (first and last month’s rent) | Full purchase price |
| Credit Check | None required | May be required for financing |
| Total Cost | Higher due to rental fees | Lowest total cost |
| Ownership | After all payments made | Immediate |
| Flexibility | Can return anytime | Permanent purchase |
| Monthly Payments | Required throughout term | None (if paid in cash) |
The bottom line? Rent to buy sheds can be a fantastic solution if you need storage now but don’t have the cash upfront or perfect credit. Just make sure you understand the total cost and are comfortable with the monthly commitment.
Frequently Asked Questions About Rent to Buy Sheds
What is a rent to buy shed?
A rent to buy shed is a shed you can rent now and own later. You just make small monthly payments, and once you’re done paying, the shed is all yours. It’s a simple way to get storage without a big upfront cost.
How does the rent to buy shed program work?
Pick your shed, sign an agreement, and pay your first and last month’s rent. Wright’s will deliver and set up your shed. You make monthly payments for 24 to 60 months, and then you fully own the shed.
Do I need good credit to rent to buy a shed?
No. Wright’s Shed Co. does not require a credit check. If you can make the payments, you’re good to go. It’s a great option for folks with little or no credit history.
Can I return the shed if I don’t want it anymore?
Yes. You can return your shed anytime without penalty. Just contact Wright’s to schedule a pickup. You won’t get past payments back, but there are no extra fees to cancel.
Can I pay off the shed early?
Yes. You can pay off your rent to buy shed early and save money. Wright’s offers an early payoff discount, so you’ll end up paying less overall.
Is rent to buy more expensive than paying cash?
Usually, yes. You’ll pay more over time than if you paid upfront. But if you need a shed now and can’t pay in full, this option gives you access without breaking your budget.
Who handles repairs or maintenance on the shed?
You take care of regular maintenance while renting. But Wright’s sheds come with strong warranties, including up to 50 years on siding and 8 years on workmanship for most models.
What types of sheds can I rent to own?
Most styles are available, including storage sheds, barns, garages, and chicken coops. You can customize features too. Just check if your chosen shed qualifies.
Where is the rent to buy program available?
Wright’s rent to buy program is only available in Utah and Idaho. Other states can still buy sheds, but rent to own is only offered in those two.
Will missed payments hurt my credit score?
No. Since this is a rental agreement and not a loan, it won’t affect your credit. But if you miss payments, the shed may be picked up, and you won’t get your money back.
Is rent to own the same as financing?
No. Financing usually needs a credit check and gives you ownership right away. Rent to own is more flexible and easier to qualify for, but you only own the shed after all payments are made.
Why Rent to Buy Sheds Make Sense with Wright’s Shed Co.
Choosing a shed doesn’t have to be a stressful or expensive process. With rent to buy sheds, you get the flexibility to enjoy your shed now while paying for it over time, without the hassle of credit checks or large upfront costs. Whether you’re storing tools, building a home office, or just getting organized, this option makes it easy to start today.
At Wright’s Shed Co., we’re proud to offer a program that’s simple, affordable, and built around your needs. From custom designs to local delivery in Utah and Idaho, our team is here to help you own a quality shed on your terms.
Ready to take the next step? Explore our rent to buy sheds today and see how easy ownership can be with Wright’s Shed Co.