Looking for extra storage space without spending a fortune? Rent to own sheds might be the perfect solution for you. These portable buildings offer the convenience of getting the storage you need now while making affordable monthly payments.
Rent to own sheds make it easy to add a durable and functional structure to your property. With flexible payment plans, you can start using your shed right away and work toward owning it over time. It’s a simple, hassle-free way to solve your storage problems.
Table Of Contents:
- Why Consider Rent to Own Sheds?
- Rent to Own Sheds: How It Works
- Weighing the Pros and Cons
- Choosing the Right Rent to Own Shed
- Our Rent-to-Own Program: Flexible Storage Solutions
- Frequently Asked Questions about Rent to Own Sheds
- Conclusion
Why Consider Rent to Own Sheds?
Rent-to-own sheds provide an alternative when buying outright isn’t an option. These programs spread payments over time, often without a credit check or large down payment. This accessibility makes rent-to-own storage sheds attractive to a wider range of people.
It’s especially helpful for those building credit or preferring to avoid loans. Rent-to-own options empower those who need additional storage but lack immediate funds.
Rent to Own Sheds: How It Works
The process is straightforward. You choose a shed, sign a rental contract agreement, and make your initial deposit. This deposit equal is often the first and last month’s rent.
The shed is delivered, and you make monthly payments until it’s paid off. Many programs let you pay extra toward the contract balance if you have extra cash. Some allow early payoffs without penalty fees, too.
Weighing the Pros and Cons
Pros
- Accessibility: Rent-to-own options typically don’t require a credit check, making them ideal for those with poor or limited credit history. However, if you’ve defaulted on a previous rent-to-own agreement, approval might be difficult.
- Flexibility: You’re not locked into a long-term loan. You can make extra payments to own it sooner. If your situation changes, you can stop payments. Keep in mind, if you decide you don’t need the storage building, you would forfeit any money paid.
- Lower Upfront Costs: Down payments are smaller than purchasing outright. Rent-to-own allows you to avoid the substantial financial burden of a large initial investment.
Cons
- Total Cost: Renting to own can be more expensive than buying outright due to the convenience of smaller monthly payments. This increased cost is for the benefit of monthly payments, plus it covers additional costs that companies have. Be sure you look for a provider with the most affordable monthly payments.
- Agreement Terms: Read the contract carefully. Understand the terms, including any penalties for early payoff, or if you discontinue making your rent-to-own payment.
Choosing the Right Rent to Own Shed
First, determine your needs. How much storage space do you require? Which style (barn, cabin, traditional) suits your preferences?
If garages are insufficient, and metal garages have rent-to-own options available, consider a one, two, or three-car metal garage to better fit your needs.
Think about your home’s exterior and the shed’s placement. Carefully measure the area, ensuring your chosen shed fits. Account for access space around the shed.
Plan the walkway leading to the shed’s doors. Ensure it doesn’t obstruct existing traffic flow. Contact local portable building dealers for their current available inventory.
requentlyOur Rent-to-Own Program: Flexible Storage Solutions
At Wright’s Shed Co., we understand that purchasing a shed outright isn’t always feasible. That’s why we offer a Rent-to-Own program, providing an affordable and convenient path to ownership for our customers in Utah and Idaho.
Key Features of Our Rent-to-Own Program:
- No Credit Check Required: We believe in making storage solutions accessible. Our program doesn’t require a credit check, ensuring a straightforward approval process.
- Flexible Payment Plans: Choose from 24, 36, 48, or 60-month payment options to suit your budget. Additionally, we offer a 90-day same-as-cash option for those who prefer an accelerated payment plan.
- No Early Payment Penalties: If you decide to pay off your contract early, you can do so without any penalties, providing you with financial flexibility.
- Immediate Access to Your Shed: Once you make the initial payment, your shed will be delivered promptly, allowing you to start using your new storage space right away.
How It Works:
- Initial Payment: To initiate the Rent-to-Own agreement, we require the first and last month’s payments prior to the delivery of your building. The last month’s payment is held as a deposit and applied to your final payment.
- Monthly Payments: Your first payment is due on the 5th of the month following the delivery of your shed. We provide a payment coupon at delivery, and you’ll receive a coupon book by mail for future payments.
- Ownership Transition: You can choose to pay off your contract at any time without penalties. We apply a discount to your rental payments agreement based on the term and the number of payments made, facilitating a seamless transition to full ownership.
Additional Benefits:
- Liability Damage Waiver (LDW): We offer an LDW to protect you in unforeseen circumstances, such as theft or damage. This waiver covers the remaining amount owed on the unit, ensuring peace of mind with no deductible.
- Convenient Payment Options: Make your monthly payments online, by phone, by mail, or by contacting your RTO National account manager, providing flexibility to manage your account.
Note: Our Rent-to-Own program is currently available in Utah and Idaho.
Frequently Asked Questions about Rent to Own Sheds
How much is it to rent to own a shed?
Prices depend on the shed’s size, style, features, and location. They range from $61/month to $1000/month. Depending on the financer, limits vary on maximum contract allowance, leading to higher or lower prices.
Explore options to see what monthly rates you can afford.
What credit score do you need to finance a shed?
Rent-to-own programs often skip credit checks. Even with a less than perfect credit score, securing a storage shed is within reach, although you may encounter filling out an extended version of a credit application due to multiple and extensive required financial disclosures required for these types of financial agreements and obligations.
Why are sheds rent to own?
Rent-to-own sheds offer flexibility with low monthly payments, often less than monthly self-storage unit rentals. While ultimately gaining ownership, some restrictions exist versus paying rent endlessly, including limitations of goods or overall area sizes needed, etc.
How long can you finance a storage shed?
Contracts typically run from 24 to 60 months. Some providers offer alternative financing, like a 90-day same-as-cash option. If you expect improved financial capabilities within the next few months, the 90-days same as cash route may be the best.
Conclusion
Rent to own sheds offer an affordable, flexible, and hassle-free way to solve your storage needs. Whether you’re looking to store tools, equipment, or personal items, this option allows you to enjoy the benefits of having a shed without a large upfront cost. With a straightforward payment process and ownership at the end, it’s an excellent solution for anyone needing extra storage space.
At Wright’s Shed Co., we pride ourselves on offering high-quality, durable sheds and a Rent-to-Own program designed to fit your budget and lifestyle. With no credit checks, flexible payment plans, and prompt delivery, we make getting the storage you need simple and stress-free. Start your journey to owning the perfect shed today by exploring our Rent-to-Own options.