Should You Consider Rent-To-Own For Your Shed Acquisition?

You might be hesitant to make a large upfront investment when it comes to buying a backyard shed. Here, renting to own sheds offers an attractive option for you. Using this method, you can pay every month until you rightfully own the shed. But what is “Rent to Own,” and are there any downsides? That’s what we’ll talk about here!

What Are RTO Metal Sheds?

Rent to own sheds are storage buildings that you can lease monthly. However, they are different from simple renting. One part of the rental fee goes to the leasing service, and another part goes towards paying the base price of the metal shed.

“Total Rent You Pay = Installment of Shed + Lease Service Fee”

Simply, it allows you to rent a storage shed until you have paid it off. You must know that you don’t own the shed until you have made all payments. The lease service fee is approximately 15 to 20% of the total cost. This may vary with steel builders.

How Rent To Own Works?

Step 1: you choose a shed building. We offer custom steel sheds that fit your yard space without looking bulky.

Step 2: Since RTO doesn’t require a credit check, you can make your initial deposit (usually one month’s rent).

Step 3: The shed is delivered to your property and installed by our skilled crew.

Step 4: You pay monthly rents that contribute towards ownership.

Step 5: You fully own your metal shed once you complete the rental agreement.

Considering Rent-To-Own Sheds: A Comprehensive Guide for Buyers

Renting (RTO) Vs. Traditional Financing: What’s The Deal?

First, let’s compare RTO vs. traditional storage shed purchasing to know which one suits you.

The Pros & Cons Of Rent-To-Own Sheds

Pros

• You don’t need to pay the full upfront price of the shed.
• If you are on a tight budget or can’t pay upfront, RTO metal sheds are a suitable option.
• It is a convenient service as almost anyone can qualify for the RTO financing option.
• No credit check, security deposit, or early payoff fee is required.
• You get immediate possession of the storage/ garden shed & can start using it right away.
• Once you start paying monthly on the agreed terms (usually 24 to 48 months), the metal building becomes yours by the end.
• RTO is a flexible method that allows you to cancel the rental agreement at any time without penalty.
• Rent to own is ideal for people who want to invest in storage sheds but cannot afford the full cost upfront.

Cons

• This method involves extra cash burn. Rent to own sheds may cost more over time because of interest or lease fees.
• It is not ideal for people who can pay full price upfront.
• You may lose money if you don’t buy it.

Factors To Consider Before Choosing Shed Financing Options

Interest Rates | Fees

It is best to compare interest on shed loans from various steel builders to get the right quote. You can negotiate, but we suggest being careful since not all metal sheds are made of the same quality. So, keep sturdy material and longevity in mind.

Loan Terms & Conditions

Read all fine print carefully before signing any deals. Some dealers may require you to buy the shed by the end, while others may be flexible.

Need For Credit Score

Our rent-to-own payment model doesn’t require a credit check. Call 877-801-3263 to learn more.

Application Process

Check out what documents are needed and how long the approval time is before signing up for the deal.

Quality Of Shed

Before buying a steel shed, check its quality, material, steel gauge, panel gauge, robustness, finishing, size, etc.

Handling Monthly Payments

Almost all shed financing options require regular monthly payments. So, check if you can manage monthly payments without any lapses.

How To Find Reputable Metal Building Dealers Offering RTO Sheds?

1. Choose a steel building dealer with a transparent and seamless RTO process for steel sheds.
2. Opt for the dealer who offers top-quality metal storage structures. You can even wait for sales or weekly offers to buy one.
3. See if the dealer offers rent to own, purchasing, and other financing options for flexibility.
4. Check if the dealer provides immediate approval and affordable RTO options. Viking Steel Structures offers a metal shed without any credit check.

Viking Steel Structures, Your Go-To Rent To Own Shed Options!

Before buying, ensure that your shed is of high quality and durable. We offer structural steel resistant to rust, pests, and outdoor weather conditions. Weigh all the factors to make an informed decision before buying a storage metal building for your home.

Still wondering, if ‘rent to own’ is the right choice for you? Talk to our experts at 877-801-3263 and find out!

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