If you are considering acquiring a propane tank, you might be weighing the options of owning versus leasing. Both choices have their advantages and drawbacks. Below is a quick rundown of the pros and cons of each option. Feel free to reach out to our Buster’s Propane team for further details or any questions you may have.

Tank Ownership

Pros:

  • Total Control: Purchasing your propane tank gives you the flexibility to select any supplier to fill it.

Cons:

  • High Initial Investment: Propane tank prices have significantly increased over the past few years, ranging from $1,800 to $3,000 for sizes ranging from 120 gallons to 500 gallons. The entire setup could cost up to $5,000.
  • Liability: As the owner, you are responsible for all maintenance and damages, with reputable companies not assuming responsibility for improperly installed, old, or poorly maintained tanks.
  • Monitoring Required: You will need to monitor your usage and tank levels independently, which increases the risk of running out.

 

Tank Leasing

Pros:

  • Professional Installation: Buster’s propane trained and certified professionals take care of the installation, ensuring compliance with safety standards.
  • Easy Tank Replacement: Your tank will be replaced as needed, at no extra cost.
  • Maintenance Included: Buster’s Propane takes responsibility for equipment safety and integrity.
  • Discounted Pricing: Lease customers enjoy discounted propane rates.
  • Keep Full Service: With the lease, our keep full service ensures your tank is always topped up, and you will receive a free monitor and app for convenient monitoring.

 

Cons:

  • Limited Supplier Options: Only the leasing company can fill or maintain the tank.

 

It is Up to You:

 

The decision to lease or buy your propane tank depends on your specific needs and circumstances. It is a trade-off between higher upfront costs, self-maintenance, and supplier flexibility versus spreading payments over time and relying on experts for equipment efficiency and integrity. Ultimately, choosing the right propane company is crucial. With Buster’s Propane, enjoy a maintenance-free experience, lower upfront costs, and the assurance that we are monitoring both your usage and tank condition.