(Closed) Propane tank ..lease or buy..

posted 5 years ago in Home
Post # 3
7651 posts
Bumble Beekeeper
  • Wedding: July 2012

@irishphoenix:  I probably don’t have the best information for you, but I did want to give your post a bump to see if anyone can offer up some advice.

We lease ours for about the same price, but I know it wasn’t anywhere near $6000 to buy it outright. I want to say 3. We chose not to buy it because then we would be stuck with repairs or buying a new one if something went wrong, so that is why we lease ours. However, we aren’t under any obligation to fill so many gallons a year thank goodness. We don’t use near enough propane. Everything is electric in our house except our propane fireplace, which will rarely get used.

Post # 5
7311 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

It sounds like your seller got a bad deal. When we were pricing out having propane installed here, a huge tank was $3500-4000ish to purchase, and this is an expensive area.

Post # 6
2476 posts
Buzzing bee
  • Wedding: June 2014

I don’t know how much it would cost to buy out here, but we have two 500 gal tanks above ground and rent them for $180 a year. We aren’t “obligated” to buy any amount per year, we buy based on our needs.

Post # 7
1320 posts
Bumble bee
  • Wedding: May 2014 - NH

I would shop around!  We only pay a large fee if we decide to switch companies to have them move it.  No rental fee.

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