3 min read
August 15, 2023

Rent to own vs Purchase outright vs Financing

I hope this blog finds you well. I am writing to provide you with information regarding the pros and cons of rent-to-own, purchase outright, and financing options for a storage shed. 

Here are some points to consider:



  • Lower upfront costs: Rent-to-own allows you to acquire a storage shed without having to pay the full cost upfront, which can be a significant advantage if you don't have the funds available.
  • Flexibility: Rent-to-own agreements usually offer flexible payment terms and may allow you to return the shed without penalty if you no longer need it.
  • No credit check: Rent-to-own doesn't require credit and don't affect your credit at all. So if you have a low credit score or don't want to use it, rent-to-own is a good option.
  • 90 days same as cash
  • No early payout penalty


  • Higher overall cost: Rent-to-own agreements often come with higher overall costs compared to purchasing outright.
  • Delivery: When you buy a building on rent to own, you will have to have the space and openings for the building to be delivered already fully built.
  • Limited customization: Rent-to-own sheds are often limited in terms of customization options like interior options and porches.

Purchase Outright: 


  • Lower overall cost: Purchasing outright often comes with lower overall costs compared to rent-to-own agreements.
  • Full ownership: When you purchase outright, you own the shed outright from the start, which means you build equity in the shed over time.
  • Customization: When purchasing outright, you have more customization options available


  • Higher upfront cost: Purchasing outright requires a significant upfront investment, which can be a disadvantage if you don't have the funds available.
  • Limited flexibility: Once you purchase outright, you are committed to keeping the shed, and it can be challenging to return it without incurring significant costs.



  • Better interest rate than Rent To Own: Rent to own rental fees are usually more than interest in financing.
  • Lower monthly payments: You can get lower monthly payment if you get approved for financing
  • Build equity overtime: On financing you are gradually paying off the building so you build equity in the shed over time.
  • Customization: With financing there are no customization limitations so you can get exactly what you want and also onsite builds.


  • Uses your credit score: You will have to apply for financing and it will affect your credit score
  • More paperwork: Usually the financing process is a little longer and requires more paperwork and information from your part.

I hope this information helps you make an informed decision regarding your next portable building purchase. Don’t hesitate to reach out to our main number or to your own salesperson if you have any further questions.