East Texas Portable Buildings

In a Rent to Own agreement, you can make monthly payments on the product
over the length of the agreement. Once all payments are complete, the building is yours.

Why Are People Hesitant About Rent-to-Own?

Often, it’s simply because they don’t understand how it works. Rent-to-Own is different from traditional financing, so let’s break down what it is—and what it isn’t.

First: Rent-to-Own is not an outright purchase.

You are renting the building from the lease company while you use it. This is why Rent-to-Own is different from purchasing a building with a loan or financing it on credit. There is no credit check required, and you don’t have to wait until you have the full cash price saved before getting the building you need.

And if you can pay it off quickly, we also offer a 90 Days Same as Cash option.

So how does a typical Rent-to-Own agreement work? Think of it as a 60/40 split. Each monthly rental payment is divided so that approximately 60% goes toward the amount needed to acquire ownership of the building, while the remaining 40% is the rental portion paid to the lease company that owns the building during the rental term. The lease company is taking on the risk of purchasing and owning the building while allowing you to use it without a traditional credit-based loan.

One of the biggest advantages: flexibility.

What happens if your circumstances change? With Rent-to-Own, you are not locked into keeping the building for the entire term. If you no longer need it—or can no longer make the payments—you can end the rental agreement and have the building picked up, subject to the terms of your agreement.

There’s also an early purchase option. Under the typical 60/40 arrangement, if you decide you want to own the building before the end of the lease, the early purchase amount is based on 60% of the remaining scheduled rental payments.

Think about a storage unit. Have you ever rented an off-site storage unit? Suppose you rent one for three years. At the end of those three years, how much of all that rent has gone toward making that storage unit yours? None. You paid for the use of the space, and the storage company still owns it.

With Rent-to-Own, you're also paying to use something you don't yet own—but there's an important difference:

Complete the Rent-to-Own agreement or exercise your early purchase option, and the building becomes yours.

That means you can get the storage, workshop, office, she-shed, or other space you need now, without traditional financing or a credit check—and still have a path to ownership.

That’s Rent-to-Own: rent it now, use it now, and have the option to own it later. 

Purchase your building at any time for only 55% of the remaining payments.

Rent to Own is a monthly rental agreement not an installment loan, so there is no principal. Instead, any amount you pay in excess of the monthly payment is held in a pre-paid rent account and applied to the early payoff amount. Should your account become delinquent, the funds held in the pre-paid rent account will be applied toward your payment.

If your building is on our Rent-to-Own (GS-RTO) plan, you can end the lease at the end of any monthly term with no penalty by returning the building in good resale condition and bringing the account current through the return date. We’ll arrange a pickup and removal from your property. 

Click here to begin our easy application and save time in the store!

(This rent to own application is for metal carports and garages, not for portable buildings. For rent to own on portable buildings click here.)