Should You Rent a Propane Tank or Buy One?

Berry Township Garage Propane Tank Panoramio

Do you see propane tanks as the solution to your heating dilemma? Are you wondering how to get one in a way that benefits your budget?

If so, then it’s important to know when to rent propane tanks and when to buy them. The option you go with will depend on factors ranging from your long-term finances to how often it’s used.

With this guide, you can make the right financial decision and make the best use of your tank.

Here is everything you should know to decide if you should buy or rent a propane tank.

1. Size

Knowing if buying a propane tank is a good idea is based on many factors, one being the size you need. Some tanks are capable of holding hundreds to thousands of gallons.

Determining the tank sizes that fit your home will also depend on the size of your home and appliances the tank will work with. You are better off buying a smaller tank if you’re new to using them. Then, once you learn more about them, you can consider buying bigger ones.

2. Use

Another way to determine whether to rent a propane tank or buy one is knowing what you’ll use it for. Popular uses range from heating up your house to keeping water hot and starting a cookout in your backyard.

We recommend buying a propane tank for your grill so that you use it for something that needs less fuel than other large items that require tanks. Renting works for short-term home heating while buying is best for year-round home heating.

3. Cost to Buy or Rent Propane Tanks

You can also determine whether to buy or rent propane tank prospects based on the cost. Each option comes with its own expenses, so you’ll need to look at your choices for the long-term.

With a propane rental, you will have to pay rental costs and consumption fees if you use it for a long time. If you think you’ll need it for the foreseeable future, you are likely better off spending less on propane tanks to save money on maintenance or repairs in case the tank has problems.

4. Customization

Deciding on buying or renting propane tanks may also depend on how much fun you plan to have with them. While renting can be better for financial and legal purposes, you don’t have the freedom to customize your tanks.

As long as your finances are stable, buy a propane tank if you want to paint it, set it up for backyard games, or position it for easy use. This can also give guests something fun to look at and turn your tank into a form of backyard decor.

When to Buy or Rent Propane Tanks

You will need to consider multiple factors when deciding if you should buy or rent propane tanks. Size and use will determine which option is most likely to provide you with long-term benefits.

Renting may save you money, but buying will give you the freedom of customization. With this guide, you can make the right financial decision and find the best tank for your needs.

For more of our home appliance expertise, check out our guides to keep your home efficient and comfortable.