F A Q

First, our rent to own contract is a lease, not a loan. Your lease allows you to cancel at any time without a penalty, return the building, and owe nothing further. A loan is a commitment to pay the entire amount, since your rental contract is simply a month by month agreement it can be ended any time without further obligation.

The rates will depend upon which contract you decide to go with, the 18-month, 36-month, or the 48-month contract. Please contact us or ask the sales person about the rates for the different contracts.

In a true lease there is no principal. You can send extra money if you desire, we will apply it to your rent out ahead, but those rental payments do include our rental charges. The best thing for you is to make your monthly rental payment on time each month, save extra money, and when the payoff amount is lower, you can make a single payment to purchase the building. This payoff in one lump sum includes no rental charges or fees whatsoever. It is simply the remaining balance of the cash price, plus your state’s required sales tax. There is no penalty for early payoff, and we recommend you take advantage of the early payoff option.

You have the right to end your lease and return your current building. Whether you are eligible for a discount on a larger barn will be determined on a case by case basis. We have to deduct our hauling and delivery costs, but if your payment history on the current account is good, we may offer you a discount on a larger building. Call us when you’re ready to upgrade, and we’ll review your account and make you an offer.