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If you think of buying a water heater, mostly everyone questions whether they should buy it or rent it. So, let’s make your decision easier. So firstly let us know the difference between renting and buying. Renting is an agreement where we use goods, services, or other things owned by another for temporary use and payment.

Buying is when you purchase goods and services directly from the shops and pay for them. And we acquire ownership of that product or service.

Pros and Cons of Buying a Water Heater

Pros

When you buy a water heater, there will be no additional obligations. You got the ownership of the water heater. And no one could take it away. A new electrical appliance has a warranty. Shopkeepers also include some extra offers and give maintenance assistance to engage the audience. Vendors also offer flexible monthly payments.

Cons

The installation cost is yours when you purchase a new water heater. In some cases, it may be higher, also half the cost of the heater. It may be dangerous or risky if you try to install the water heater yourself. To install the water heater, contact and hire a licensed plumber who knows the gas, electric, and plumbing work and is very well-known in local and national codes. The owner has to pay for all the repairs once the warranty expires and the water heater is old enough to initiate problems.

Pros and Cons of Renting a Water Heater

Pros
When you rent a water heater from local stores like Reliance, you will have free lifetime services, repair, replacement, and installation. When you need help or assistance with a water heater, you can expect a quick response with a 24/7/365 emergency phone number. You can also take customer services from the store.

Cons

Monthly payments are expected to rise. 15 years is the standard rental term. The annual increase is generally between 3.5% and 3.7%.

If you decide to purchase a water heater from a rental company, it is not a good deal. As the cost has risen or the water heater is already used one.
If you are looking for a professional to either Rent or Buy a Water Heater, reach out to Aire One East Heating and Cooling.