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:

RentalBuyout
ProtectionYour 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. 
CostYou 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.
SupportEnercare 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 +  

PartsParts 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
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Jerry CardwellIn the last week

Jeff and Jamie installed a new hot water tank in my unit this morning, they did an excellent job, were friendly, considerate, efficient and explained what to do if there were any issues with water leaking. They kept the area clean and left no mess behind! Great job guys, thanks!

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Michael LapointeIn the last week

.Technician Adel Bendahiyane was very good, polite and knowledgeable.

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Why 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**

Water Heater Terms and Conditions and Buyout Schedule