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:
|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|
Trevor was great. Friendly, knowledgeable, helpful and took the time to explain things. Great support.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!Sherry MullenIn the last week
N/aMichael LapointeIn the last week
.Technician Adel Bendahiyane was very good, polite and knowledgeable.Marc LalondeIn the last week
Mehdi Dimassi was our technician for annual furnace maintenance this year and he did an excellent job. He was thorough, professional, and efficient.Brent RenaudIn the last week
I got a quick appointment the next day. David, Enercare Tech., was professional and took care of cleanliness and was well equipped.Rakesh MalikIn the last week
Gary H, was fantastic, helped fixed our bathtub that was leaking. Gary H, thank you soooo much!!Andre BenjaminIn the last week
Gary H was awesome, he fixed our issue and we are very happy.Shabana BenjaminIn the last week
Donovan from enercare was not only prompt and polite but was also efficient in diagnosing/fixing the leaky pressure relief valve and going beyond by answering any/every questions I had. Thank you!Melanie GrattonIn the last week
Nicholas T Thank you for been so goodKami wayIn the last week
Shane was amazing with furnace maintenanceYoussef RizkIn the last week
Shawn’sLorne BeanIn the last week
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**