When purchasing a shed or metal building from Shed Gal, you have several payment options to choose from: outright purchase, rent-to-own (also known as lease-to-own), or traditional financing. Each option has its own advantages and disadvantages, so it’s important to carefully consider your financial situation and preferences before making a decision.  

Outright Purchase:

• Pros:
  • No monthly payments
  • Immediate ownership
  • Potential for tax deductions
  • May qualify for lower interest rates on traditional financing
• Cons:
  • Requires a larger upfront payment
  • May not be feasible for everyone’s budget

Rent-to-Own (Lease-to-Own):

• Pros:
  • No credit check required
  • Low upfront payments
  • Flexible payment options
  • Opportunity to build equity
• Cons:
  • Higher overall cost
  • No ownership until the final payment is made
  • Limited customization options

Traditional Financing:

• Pros:
  • Lower interest rates compared to rent-to-own
  • Potential for tax deductions
  • Build equity over time
• Cons:
  • Requires a credit check
  • May have higher upfront costs (down payment)
  • May have stricter approval requirements

Key Differences:

Feature	Outright Purchase	Rent-to-Own/Lease	Traditional Financing
Upfront Payment	Higher	Lower	Varies
Ownership	Immediate	After final payment	Immediate
Credit Check	Not required	Not required	Required
Interest Rates	None	RTO includes fees	Lower
Customization Options	More options	Limited options	More options

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Which Option is Right for You?

The best payment option for you will depend on your individual circumstances. If you have the financial resources and prefer immediate ownership, an outright purchase may be the best choice. If you’re looking for a more flexible option with lower upfront costs, rent-to-own could be a good fit. If you have a good credit score and want to build equity over time, traditional financing might be the most suitable option.

At Shed Gal, we offer all three payment options to give you the flexibility to choose the one that works best for you. Our knowledgeable sales team can help you evaluate your options and find the perfect shed or metal building to meet your needs.

Additional Considerations:

• Down Payments: Rent-to-own/Lease plans often require a down payment, while outright purchases may require a larger down payment.
• Monthly Payments: Rent-to-own/Lease payments are typically higher than traditional financing payments.
• Closing Costs: Traditional financing may involve closing costs, such as loan origination fees.

By understanding the differences between these payment options, you can make an informed decision and select the best way to purchase your shed or metal building at the Shed Gal.

888-917-8335

www.shedgal.com