If you’re considering a portable building but don’t want to pay the full price upfront, Rent to Own (RTO) might be an option worth exploring. However, RTO isn’t for everyone—it has advantages and drawbacks, just like any no-credit financing option. In this blog, we’ll break down how RTO works, when it makes sense, and what to watch out for before signing a contract.
Rent to Own is not a loan—instead, you rent the shed with the option to own it after completing your payments. Unlike traditional financing, there’s no credit check, making it a great solution for those who don’t want or can’t qualify for a traditional loan.
Every month, you’ll make a rental payment that covers both the rental fee and part of the shed’s cost. Once the final payment is made, ownership is transferred to you. If you decide to return the shed before completing the term, there’s no debt or obligation, but you won’t get your past payments back.
One common question is: What’s the interest rate on RTO?
RTO doesn’t have interest like a traditional loan. Instead, it has rental fees, which cover the cost of offering a no-credit-check option. These fees are higher than traditional financing because RTO companies take on more risk—if a customer stops making payments, they must pick up and resell the used shed.
Since there’s no official interest rate, the total amount paid over time will be higher than the cash price. That’s why it’s important to consider whether RTO is the right fit for your budget.
At Eagle Ridge Barn Builders, we work with an RTO provider that offers 90 Days Same as Cash.
If you pay off the building within 90 days, every penny goes toward the purchase price, with no rental fees at all. This is a great way to use RTO as a temporary payment plan while avoiding the higher costs of long-term RTO agreements.
Be aware that not all RTO providers offer this, so always check the contract before signing.
With our RTO provider, you can pay off your shed early at any time without penalty.
This means you only pay the remaining balance on the shed itself—no extra rental fees are charged.
🚨 Warning: Some RTO companies do charge heavy penalties or make you pay a large portion of the rental fees, even if you want to pay off early. Always read the fine print to avoid paying more than necessary!
✔️ You need a shed now but don’t have the full amount upfront.
✔️ You want a flexible payment plan without a credit check.
✔️ You plan to pay it off quickly (within 90 days or as soon as possible).
✔️ You want an option to return the shed if needed.
❌ You can qualify for traditional financing with a lower total cost.
❌ You don’t want to pay extra in rental fees.
❌ You’re not sure if you’ll keep the shed long-term.
❌ The RTO contract includes high fees or penalties for early payoff.
Rent to Own is a great tool for the right situation, but like any financial decision, it’s important to read the contract carefully and understand the total cost before committing.
If you’re considering RTO for your shed, we’re happy to walk you through the details and answer any questions. Contact us today to learn more!
