When I purchased the house, the previous owner had just installed a new gas water heater. It was a rental at $38.52 per month. I wasn't allowed to opt out of the rental agreement and purchase the water heater until it ran out its 10 year contract. The total rental cost over the 10 year period was $5084.64. When I was finally allowed to opt out of the monthly rental agreement, I was informed that I still had to pay the original cost of the unit plus HST which was another $916.37 instead of its depreciated value. If you can pay for your water heater and put the $38.52 per month in a water heater repair account, you should definitely do it.
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- Company Response
If you require further assistance please email me with your account details. firstname.lastname@example.org - Jessica