Rent Vs. Owning Propane Tank: The Better Option?

Propane is something that most people in Oklahoma use because of its variety of usage. It has become a significant part of the fuel energy people get. No good way to tell this “propane has a lot more benefits than oil.” Propane has been serving all commercial and residential heating needs for many years now.

However, when one has to get a propane tank, they have two options: renting or buying. Although both options are quite good, the choice depends on many different factors. It depends on the owner and its demands to understand whether propane tank rental in Oklahoma is better than buying for them.

Some Common Facts About Propane Tanks

There are many things that you have to know about propane tanks to understand if you should lease or rent them. Here are some things that can help you with the process:

Options in Size: The first thing you must know about propane tanks is that they come in many different sizes. Some of the sizes include:

  • 56-gallon, which is only used for small appliances

  • 120-gallon are used for serving only one simple or small appliance

  • 250-gallon big propane tanks that can be used to fuel a heating appliance for the whole house

  • 500-gallon are used to fuel large structures and can handle many different appliances altogether

  • One thousand gallons are used for commercial applications and homes that are pretty large.

The Fees: Another thing you should know before choosing between both options is that propane tank rental charges are quite standard. All companies charge almost the same, but reputable ones might charge slightly higher. Apart from that, some companies charge extra or have hidden costs, which you must be careful about.

Propane Tank Rental

It is important to understand the benefits and disadvantages of renting a tank:

Advantages

  • The best part about propane tank rental is that you don’t have to worry about maintaining the tank. You don’t have to repair the tank if damaged or go for any other service; the suppliers will do it for you.

  • Another major advantage is that you don’t have to spend any money installing the tank. The supplier does the whole installation process without any cost.

Disadvantage

  • Once you have chosen a propane tank rental, you cannot leave them in the middle. You have to keep working with them during the entire period.

  • Your suppliers can terminate the contract whenever they want, which means you have no control over the facility.

Owning a Propane Tank

Apart from rental, you can also buy a tank for yourself. However, even this option has its own set of pros and cons, which are discussed below:

Advantages

  • You can buy a brand-new tank for yourself or an older one; the choice is yours. Although buying a new tank means it will last longer, you would know its lifespan.

  • Buying a tank means it is a one-time payment option. You won’t have to pay any money later on.

Disadvantages

  • It is a one-time purchase, but the price isn’t very low. It can be a significant investment, especially if you get a bigger tank.

  • Having a tank for oneself means you have to bear the installation charges too. You have to maintain the tank and bear all the costs of servicing.

  • Lastly, you have to negotiate for your tank when you decide to sell your house. This can make the whole selling process harder.

Choose the One that Suits You

Now that you know about all the pros and cons, you can consider checking out Steve’s Propane. We are #1 in safety, service, and satisfaction and have the largest propane fleet in the area. You can call us at 405-273-3366 to get hold of us.

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