Sheds on Finance – How Do Rent-To-Own Sheds Work?

In today’s economy, with numerous options for personalization, you deserve a storage building solution tailored to your needs without the financial strain. Rent-to-own shed financing plans have become popular as they offer flexibility, providing homeowners with easy access to monthly payments without requiring a large upfront payment or outright purchase of a bigger ticket item. But what exactly is Rent-to-own financing? How does it actually work? And how does it differ, or is it even different from other financing options?  

In this blog, we will briefly discuss what a rent-to-own shed is, but we will spend more of our time discussing how rent-to-own financing works. And its pros and cons compared to other financing options. All of this is written to help you make the best purchasing decision possible. Let’s dive in!

What are Rent-to-Own Sheds?

Rent-to-own (RTO) sheds and rent-to-own financing offer you the storage shed, garage, or other storage unit you need delivered right to your home or business without needing to pay for it all up front. Thus, you get the space you need, exactly where and when you need it, for a low monthly payment. 

RTO monthly payments are comparable to the cost per square foot for mini warehouse rates, but with the added benefit of not needing to drive across town to get your goods.

With Rent-To-Own programs, you can stop throwing money away on a storage unit and get the serious shed or garage storage availability that you need at a monthly price you can’t beat. It’s a pathway to ownership, rather than making payments on a unit you will never own.

The Rent-to-own contract is easy and straightforward, and then your building will be delivered! The three main benefits of RTO financing are as follows:

• There’s No Security Deposit 
• No Credit Checks
• No Fees for Early Payoffs

How Does Rent-to-Own Work?

Rent-to-own financing programs work and are broken down into an easy three-step system. First, choose a storage building. Then, make an initial deposit. Finally, step three is to watch your building get delivered to you. That’s all it takes. But for additional clarity, here is everything broken down into more detail below:

Step 1: Choose Your Structure

First, choose from our range of structures, including sheds and garages. You can pick by:

• Browsing the current available inventory.
• Designing in 3D.

Please note: When designing your own in the 3D builder, please notify your salesperson that you’re interested in the Rent-to-own option.

Step 2: Complete The Sign-Up Process

Once you’ve selected your structure, the next step is to apply for RTO financing and sign the rent-to-own contract, no credit check required. The agreement is simple and takes about 10 minutes to complete. Initial deposits vary by building type, but most require only one month’s rent upfront.

Step 3: Get Your Building Delivered

Once the initial deposit is received, we will deliver your storage solution structure exactly where you need it to go, whether it’s at your home or your business. Most sheds can be leveled using concrete blocks at no extra cost. 

Delivery is free for the first 40 miles from the building’s current location. After that first 40-mile radius, it’s a dollar per mile. Our current inventory can be delivered to you quickly in a few days. Delivery times depend on the building’s location and the delivery distance.
Financing the purchase of a shed, garage, or any storage solution online has never been easier. If you are Interested in applying for our rent-to-own financing, please visit our Rent-to-own page to learn more or get started with your RTO application.

Traditional Shed Financing vs Rent-to-Own: What’s the Difference?

Feature	Rent-to-Own (RTO)	Traditional Financing
Credit Check Required	No credit check needed	Yes, credit check required
Approval Time	Instant or same-day	Can take several days
Impact on Credit Score	No impact	It can take several days
Monthly Payments	Fixed, flexible terms (24–60 months)	Fixed, based on credit & term
Early Payoff Allowed	Yes — save on interest	Yes — depending on the connected lender
Can You Return The Shed?	Yes — walk away anytime	No — you own it once financed
Ownership	You own it after the final payment	No — you own it once it’s financed
Best For	Low credit / short-term flexibility	Good credit / long-term cost savings

The most significant difference between traditional shed financing options and the Rent-to-own, layaway, or buy now, pay later systems is when ownership is officially transferred to the purchasing party and whether there is a credit check that the purchaser or purchasing party must pass or be accepted by the institution before being able to sign an agreement for financing. To simplify these two systems, we will break them down into their separate benefits and challenges.

So, let’s compare the two.

Traditional Financing

This option will require and include:

• A Credit Check
  • This means passing the credit check or being accepted by the institution running the credit check.
• Fixed and pre-approved monthly payments based on current market interest rates.
  • These set payments and interest rates can and will fluctuate based on current market conditions and how risky the financing institution deems the purchase transaction to be.
    • The higher the perceived risk, the higher your fixed monthly payments and interest will be.
• Ownership is up front.
  • Depending on the size of the loan, a bank or other financial institution may require loan collateral.
    • Or if payments are defaulted on, you could face a court judgment to seize assets to satisfy any outstanding debts.

Rent-To-Own

This option offers:

• No Required Credit Checks
• Zero impacts on your Credit Score if payments are missed or if the contract is canceled.
• Instant or same-day approval
• Flexible, fixed monthly payments 
• Contract repayment period lengths can be broken into 24-60-month repayment periods.
• Ownership upon completion of the contract.

So, if interest rates are high and you need the flexibility in uncertain financial situations, Rent-to-own plans can be a viable option. But if you’re looking for long-term cost savings and have a decent credit score, traditional financing to buy the shed outright may be the better option.

Is There A Credit Check For Rent-to-Own?

No. There is no credit check, and it is not required when applying for Rent-To-Own financing. One significant benefit is that purchasing a shed, garage, or other storage solution via RTO eliminates the need for a credit check. This means zero hassle with credit check paperwork or approvals! You get approved instantly, or on the same day, and receive your rent-to-own shed, garage, or storage solution delivered to you in a matter of days.

Can You Rent-To-Own a Shed with No Credit Check?

Yes! Rent-to-own shed contracts are signed without a credit check. They offer flexible monthly payments, with 24-month to 60-month repayment periods, and are available without the hassle of additional financing paperwork. Sign your contract and have your shed delivered in days, not weeks.

Ready to skip the credit check and get started?

How Much Does It Cost To Rent-to-Own A Shed? – Example Payment Plans

These are not exact amounts of what you will pay each month, but they give you a great idea of how low monthly payments can be using Rent-To-Own Financing.

Shed Type/ Storage Building Solution	36 Months	48 Months
A-Roof Economy Shed	Start at ~$95 a month	Start at ~$70 a month
Barn Economy Shed	Start at ~$110 a month	Start at ~$82 a month
Wooden Quaker Shed	Start at ~$125 a month	Start at ~$95 a month

Popular Sheds On Finance

Here at Premier Building Solutions, we offer a large variety of sheds, garages, and more that are available for rent-to-own financing. For sheds specifically, we offer both metal sheds and wooden sheds.

For metal sheds, we offer our Economy A-Frame, A-Frame Metal Shed, and Deluxe Barn shed styles. For wood sheds, we offer the Wooden A-Frame shed, Wood Barn Shed, Quaker Shed, and New England Shed styles.

s mentioned, we also offer portable prefab garages under our Rent-to-own program. Our garages are available in single-car or double-wide styles. Just like our shed styles, you can choose your material type: wood or metal.

Each shed and garage type offering has its unique benefits, regardless of style and material. All are made with quality in mind and are available for Rent-to-own financing. 

Pros & Cons of Rent-to-Own Financing

As a homeowner, getting the most out of your money is always important. Not everyone has thousands of dollars to buy a storage structure outright. But when it comes to overall affordability, let’s look at the whole picture of how Rent-To-Own financing works.

The Pros of Rent-To-Own:

• Low monthly payments
• No credit checks
• 24, 36, 48 to (60 potentially) monthly terms
• Fast delivery 
• Instant or same-day approval
• It can be returned

Cons of Rent-To-Own:

• Pay more for the shed over time 
• There may be service fees depending on:
  • The RTO service agency
  • Monthly term agreements
• Shed can be reclaimed in the event of nonpayment

The best financial rule of thumb is that if you can save up for it, buying something for as much as you can outright is always the best option. This way, you save the most money, not spending it on a loan’s interest through traditional finance, and not worrying about more monthly payments locking you in for a while longer.

Sheds On Finance In Virginia

Premier Building Solutions has provided our community with top-notch storage solutions, including sheds, garages, and other storage solutions, with rent-to-own financing in Virginia, West Virginia, North Carolina, and Tennessee for over a decade. That’s trusted experience in helping homeowners declutter and clean up their homes. Whether you need a portable garage, a finished office shed, a basic storage building, or something else, we’ll work with you and your budget.

For financing through Rent-to-own options, we work with Cove Mountain Rentals.
To learn more about our available rent-to-own financing options, please visit our dedicated rent-to-own financing page. And if you have any additional questions, please feel free to contact us. 

If you decide that Rent-to-Own financing is right for you, please start the process by filling out our RTO application. We can’t wait to serve you and help you get the best solution to meet your storage needs!