Buying vs. Leasing Your Propane Tank

If you’re thinking about buying a new propane tank for your Connecticut home, we have a recommendation for you:

Don’t do it.

While owning your propane tank may give you some flexibility in choosing a propane supplier, it comes at high cost compared to leasing.

Buying a propane tank is almost always a bad deal for you because:

• The burden of maintenance falls on you. If you buy your propane tank, it’s your responsibility to keep the tank operating correctly and in compliance with all local, regional, and federal safety laws and codes. That maintenance takes time and requires professional service by technicians with proper equipment to test your tank – maintenance that you will have to pay for (see reason two below).
• It’s expensive. The purchase cost of a 500-gallon tank alone can be more than $2,000 – and that does not include the regulator(s), blocks, or an anode bag (if needed). You’ll also need to provide replacement parts if you need them for repairs, professional service to keep your tank compliant, and, if you choose to bury your tank, you will pay for that, too.

If you lease a tank from Jennings Oil & Propane, on the other hand, we are responsible for all routine tank maintenance and up-front costs on your tank; you will also get FREE tank inspections, repairs, and maintenance. All you have to do is pay your monthly bill and enjoy your warm, comfortable home.

The bottom line: Leasing your propane tank is almost always the smart choice. Our technicians will help you get your propane tank up and running quickly and correctly, saving you from the headache, hassle, and costs of propane tank ownership.

Time for a new propane tank? Contact Jennings today to learn more about our hassle-free leasing options. We’ll even help you figure out what size tank works best for your CT home!