Although metal buildings are more affordable than their stick-built counterparts, they’re still an investment. If you have less-than-perfect credit or you’re on a tight budget, you may not be able to purchase a metal garage or workshop for years to come.
Rent to own metal buildings give virtually everyone the chance to own the metal building of their dreams today – not years from now.
If the rent-to-own (or RTO) option interests you, you may be wondering which companies offer it and the benefits.
What are the Benefits of RTO Buildings?
Why go the rent-to-own route when you can buy or finance a building outright?
There are actually many benefits to buying a metal building this way.
#1 – Low Upfront Costs
Financing a metal building requires a large down payment, and if you can’t get financing, you’ll need to buy it outright. Unfortunately, both options can be expensive and out of reach for many people.
RTO metal buildings don’t require a hefty down payment or a high upfront cost. RTO makes metal buildings more accessible to those who want or need them.
As long as you can afford the monthly payment, you can have a metal garage, workshop or barn delivered and installed on your property.
#2 – Quick Approval with No Credit Checks
When you go with a rent to own building, you don’t have to wait weeks for approval, and you don’t have to deal with credit checks.
It doesn’t matter whether you have perfect credit or bad credit – you can get the metal building you want when you rent to own.
Most companies have same-day or next-day approvals, so you can get your building delivered as quickly as possible. Since most metal buildings are prefab, you can have your new structure delivered and installed in as little as a few weeks.
#3 – Monthly Contracts
Many companies offer monthly contracts and flexible buying plans. In many cases, you can own your metal building outright after 36 months of on-time payments.
One advantage of monthly contracts is that you’re not tied into a long-term commitment. If something comes up and your financial situation changes, you can work with the company to find a solution. With a long-term contract, you’re locked into your monthly payment no matter what happens. Life can be unpredictable, so having the monthly contract option is beneficial for everyone.
#4 – Customization
Some buyers worry that their options will be limited when choosing RTO buildings, but that couldn’t be further from the truth.
Rent to own metal buildings can be customized to your liking. With most companies, you can RTO any structure in their catalog. In addition to choosing the building’s color, you can also customize:
With RTO buildings, you have just as many options as financed or purchased buildings.
What to Look for When Comparing RTO Programs
The RTO option is ideal for people who don’t want to finance their metal building, have poor credit or don’t have the budget to buy their building outright.
When looking at rent to own programs, it’s important to consider a few things:
The Company’s Reputation
Make sure that you’re working with an established company with a good reputation. Check buyer reviews and look specifically for people who have gone the RTO route.
If most people have a good experience, there’s a good chance you will, too. But if you see a lot of complaints about the RTO program or how the company handles billing issues, you may want to move on to another company.
How the Program Works
How does the RTO program work? What kind of down payment do you have to make? How long does approval take, and will they look at your credit (most don’t)?
If the company isn’t very transparent about how their program works, contact them to ask questions. Otherwise, move on to another company that will answer your questions and provide you with the information you need.
How Long it Takes to Own the Building
How many months will you make payments before you own the building? In many cases, it’s 36 months, but some companies may have longer or shorter terms.
Companies that Offer RTO Buildings
Many reputable companies offer RTO buildings, including:
Headquartered in Mount Airy, North Carolina, Carport Central offers a wide range of RTO building options and serves all of the continental U.S. The company has an A+ rating with the Better Business Bureau and works with some of the top manufacturers of metal buildings in the United States.
Carport Central’s RTO program makes it easy for buyers to own a metal building.
Here’s what you need to know about their program:
- No credit check is required – it doesn’t matter if you have bad credit.
- Same-day approvals – no waiting days or weeks to get approved.
- Mont-to-month contracts for your convenience.
- Pay off the building at any time – no penalties.
The company has many buildings available for RTO. Some of their top-selling RTO buildings include:
- Carports, including 18×36, 18×31, 20×21, 24×31, 40×31, 30×31, certified triple-wide, and more
- Storage buildings, including 24×31, 18×46, horse barns, 30×26, 30×30, 36×20 and more
- Barns, including 44×41, 42×26, 36×21, 42×21 and more
- Garages, including 24×36, 30×30, 28×26, 24×41 and more
- Workshops, including 18×21 hobby shops, 22×36, 20×41 and utility buildings
- RV covers, including 22×31, 18×36, 12×41, 22×41, 18×41 and more
Delivery and installation are included in the price. Their metal buildings also have factory prefabricated components, so they’re quick and easy to install.
Viking Steel is a leading metal buildings provider that offers a flexible RTO program. If you want to estimate your payments, the company’s website has a convenient payment calculator. Just enter the building price and sales tax to estimate your monthly RTO payments.
The company is headquartered in Oklahoma, but they service the entire continental U.S. Only 24 buildings are within their delivery area.
Here’s what you need to know about their RTO program:
- There’s no credit check.
- They offer same-day approvals, so you can get your metal building quickly.
- Agreement options up to 36 months, offering a quick path to ownership.
- Free delivery and installation are included with RTO buildings.
- Monthly contracts are available as well as flexible payments.
Viking Steel has a wide range of building styles to choose from, including:
- RV covers
- Custom buildings
RTO buildings can be customized to your liking, and they offer a huge range of sizes.
Bulldog Steel Structures is located in Dobson, North Carolina. Still, they serve most of the U.S. (with the exception of North Dakota, South Dakota and parts of Montana, Wyoming, Nebraska, New York, Michigan and Minnesota).
The company offers a wide range of metal buildings that are RTO, including:
- RV covers
- Prefab buildings
RTO buildings can be customized. Bulldog has a wide range of color options as well as options for doors, windows, lean-tos and more. In addition, their customizer tool makes it easy to choose the options and size you want.
Here’s what you need to know about Bulldog’s RTO program:
- There are no credit checks.
- Monthly payments are affordable.
- Customers have flexible payment options.
Bulldog works with leading metal building manufacturers, like Carolina Carports, EB Carports, Coasts to Coast Carports and Best Choice Metal Structures.