FINANCING ALTERNATIVES
We understand that your new Helmuth Builders structure will be an important investment in your family’s life and the value of your home or business. To help you make this investment at the time you need it and as comfortably as possible, we offer several financing options.
RENT TO OWN
How much extra will it cost me? Do you need to run a credit check? Will it hurt my credit if I can’t pay? What if I hate high risk investments? These are often the questions our Rent to Own customers ask before starting the program. Below, you’ll find answers to these questions and learn more about the advantages of Rent to Own (RTO).
- How much interest will I be charged?
None! With our Rent to Own program, you pay rent to Helmuth Builders for the shed, pavilion, barn, animal shelter, or other product you need, while at the same time making payments toward your future ownership of the item. - How much is the rent?
The amount of rent will depend on the length of your contract and the cost of the structure. Here’s an example of how it works: If you’re interested in a $5,000 barn on a 5 year RTO contract, your monthly payment will be $173.59. At the end of the 5-year contract you will have paid more than the original price, which may initially seem like a high rate, but remember, you are renting the structure without a long-term obligation and, at the end of the contract, ownership of the structure is transferred to you. With shorter Rent-to-Own plan contracts, you’ll pay a higher monthly fee but will obtain ownership of the structure sooner with a lower total cost. - What’s the difference between RTO and Traditional Financing?
When you rent, you pay someone to borrow what is theirs. When you finance, you borrow money to pay for something you own immediately. Defaulting on financing payments can bring serious legal consequences. However, defaulting on a rent payment would simply result in termination of the contract and us returning to your property to pick up our building. You may cancel the Rent-to-Own contract at any time for any reason. - What if I want to Purchase the building part way through the Contract?
Awesome, we recommend it! You can take the Early Purchase Option (EPO) at any time during the contract. The earlier in the contract period you choose to take the Early Purchase Option, the lower your total cost will be. There are no additional charges, fees, or rent. In other words, we won’t charge you rental fees for months you haven’t rented. - Why is Rent to Own a good idea?
If you can’t afford to completely pay for something upfront, RTO will make that purchase possible by providing you with an affordable payment plan. While it may not be a cheaper option than financing, it is certainly easier and less risky. If you’re on the fence, you can consider our 120 Days Same as Cash program, described below. If you can’t pay in full at the end of 120 days, you simply default to our Rent to Own plan.
120 DAYS SAME AS CASH
If you provide a 15% deposit on your purchase, we can offer you 120 interest-free days to complete your payment. And if at the end of the 120-day period you’re not in a position to complete your payment, no worries: you can transition to our Rent to Own program described above.
Contact us online or by phone or stop by any of our locations to learn more.