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, gazebo, barn, animal shelter, or other product you need, while at the same time making payments toward your future ownership of the item. Essentially, you pay two easy payments in one.
- 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. Approximately half of each payment will go toward rent ($87) and the other portion is a payment on your principal. At the end of the 5-year contract you will have paid double the original price, which may initially seem like a high rate, but remember, instead of interest, you paid just $87 per month to rent a $5,000 building with no credit checks. With shorter payment plan contracts, you’ll pay a smaller percentage to rent and a larger portion toward your ownership of the structure.
- 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 repossession.
- What if I want to pay my balance early?
Awesome, we recommend it! As stated above, part of each of your payments goes toward your rent and your principal, so when you’re ready to pay your balance you will simply pay the remaining principal. 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 90 Days Same as Cash program, described below. If you can’t pay in full at the end of 90 days, you simply default to our Rent to Own plan.
90 DAYS SAME AS CASH
If you provide a 15% deposit on your purchase, we can offer you 90 interest-free days to complete your payment. And if at the end of the 90-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.