Water Heater Rental vs. Buyout: Which Option is Best?
If your water heater is eight years old or more, you might wonder if you should just buy it out. But continuing your rental agreement for an older water heater gives you ongoing coverage for maintenance and repairs* — even after the manufacturer’s warranty is done.*
Since older water heaters, like all equipment, may be prone to more breakdowns near the end of their lifetime after the manufacturer’s warranty has expired and a single repair (e.g. ventor assembly repair+) could cost more than what’s left on your rental agreement, buying out could actually end up costing you more.
Ongoing Protection, Low Monthly Payments
Here are some facts to help you decide whether you should continue to rent or buy out your water heater:
| Rental | Buyout | |
|---|---|---|
| Protection | Your Enercare AdvantageTM rental gives you peace of mind with free maintenance and repairs for the life of your unit.** Our trained technicians carry out all their work to the highest standards of quality and timeliness. | When you buy your unit, you take on the responsibility of paying for all repairs, parts and labour. |
| Cost | You pay one predictable, competitive monthly fee for your Enercare AdvantageTM rental. | You pay a single lump sum buyout fee and assume ongoing costs of maintenance and repair. |
| Support | Enercare AdvantageTM gives you unlimited service calls* and 24/7 access to 700+ certified technicians, with same-day service if you call before 5 p.m.** and disposal of any tank that’s no longer up to code.*** | You may have some coverage under the manufacturer’s warranty, but that will expire at some point with an older unit. Even if a warranty is available, you will still need to find a third-party contractor to carry out servicing and repairs. |
What Could Maintenance and Repairs Cost?
When you buy your water heater outright, a single service call could cost several hundred dollars
Typical Water Heater Repairs +
| Parts | Parts and Labour Costs (Customer-Owned Tank) |
| Venter Assembly | $827.00 + Tax |
| Gas Valve | $526.00 + Tax |
| Flame Sensor | $342.00 + Tax |
| Thermocouple | $183.00 + Tax |
What Our Customers Think About Us
Russ from Enercare was here once again to inspect the furnace. What a professional and friendly technician he is. Russ is never in a rush. He took the time to explain how the furnace works and the best way to run it. Thanks Russ….
K RIn the last weekRob did a great job at finding the gas leak and capping it. Jacob did a great job at protecting all the furniture and cleaning up. Really good workers and very knowledgeable. A+++++…
Tony CostaIn the last weekAfter 2 days without hot water and 2 service calls later, we got our hot water running again. Second serviceperson, Harsh Patel was great, he explained everything to us clearly and professionally. He wasn’t going to leave without getting us hot water back. After 2 hours on site, we got hot water. …
Jim WongIn the last weekNicholas T Was very good at fixing my water heater this time and cleaned it out and replumbed some duct work very professionally…
Robert WakelingIn the last weekWe wanted to give a shout out to Kayley Worona from Enercare Oshawa. We have had some trouble with our furnace not properly draining, which caused condensation buildup. This was affecting the system to the point we had no heat or it was intermittent. From the moment she called to say she was on her …
Darren BaileyIn the last weekAlan and Amir from Enercare did an excellent job replacing our hot water heater. Thanks for making the change a quick and easy experience….
Michael JolliffeIn the last weekDonovan H was absolutely perfect. Professional, kind and answered all my questions. Was also very nice to my friendly dogs. It was a pleasure to deal with him….
Genevieve BoucherIn the last weekSHAWN…
Mahdi BensalemIn the last weekBrian was amazing , he fixed my furnace , he was so mindful of my house , thank you Brian…
TommyIn the last weekBrian was amazing and will definitely recommend fix my water heater thank you enercare…
Akshay BoodramIn the last weekShineford took care of our leaking issue smoothly and professionally. Was very grateful for the work he did….
Ion ManaloIn the last weekCustomer service is great accommodated my schedule. The technician was very polite and professional….
Charles MadhoIn the last weekWhy Choose Enercare to Protect Your Water Heater?
When you stick with Enercare AdvantageTM, you continue to enjoy:
Unlimited service calls*
24/7 access to 700+ licensed technicians
Free repairs and maintenance for the life of your water heater**