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Should I lease propane or buy?
Posted on 4/14/25 at 9:07 pm
Posted on 4/14/25 at 9:07 pm
Buying a new house. Will be my first with propane instead of city gas.
I am assuming like most things, I’d rather pay up front and pay as I actually use than do a lease. I’m sure the lease is cheaper month to month but in the long run I really only want to pay for what I use. Not a perpetual payment.
I am assuming like most things, I’d rather pay up front and pay as I actually use than do a lease. I’m sure the lease is cheaper month to month but in the long run I really only want to pay for what I use. Not a perpetual payment.
6
Posted on 4/14/25 at 9:28 pm to jlovel7
I have a 250 gallon tank and use it just for the stove, it last about 2.5-3 years, top off is usually $300. If you cook out and boil, ask about adding a line for that too.
Posted on 4/14/25 at 10:59 pm to RadRob
quote:
have a 250 gallon tank and use it just for the stove, it last about 2.5-3 years, top off is usually $300. If you cook out and boil, ask about adding a line for that too.
So not a lease? I’d much rather do something like that than pay even $10 a month to a company.
Posted on 4/15/25 at 12:29 am to jlovel7
I've got a 120 gal tank for the stove and bbq, and a 500 gal tank for generac and pool heater.
I bought my tanks. I usually check the levels once a month and call when I need a refill, about once a quarter for the little one and get them to top off the big one at the same time.
Some companies allow you to rent their tanks for like $100-200/year, and you can only use that particular company to fill it up.
I bought my tanks. I usually check the levels once a month and call when I need a refill, about once a quarter for the little one and get them to top off the big one at the same time.
Some companies allow you to rent their tanks for like $100-200/year, and you can only use that particular company to fill it up.
Posted on 4/15/25 at 12:35 am to jlovel7
A couple of things come to mind here.
- if you buy the tank, you are free to compare and buy from the supplier who gives you the best deal. If you lease the tank, you must buy from the folks that installed the tank.
- if you buy a tank you would be responsible for upkeep on that tank. I.e, keeping it painted/coated, rust prevention via anode, etc. if you lease the tank, the propane company would be responsible for doing all of that.
- if you buy the tank, you are free to compare and buy from the supplier who gives you the best deal. If you lease the tank, you must buy from the folks that installed the tank.
- if you buy a tank you would be responsible for upkeep on that tank. I.e, keeping it painted/coated, rust prevention via anode, etc. if you lease the tank, the propane company would be responsible for doing all of that.
Posted on 4/15/25 at 5:50 am to jlovel7
quote:
So not a lease?
Correct, just shop around for a tank the size you think you need. The propane shop will have to install it per state regs.
Posted on 4/15/25 at 6:21 am to Spankum
quote:
if you buy the tank, you are free to compare and buy from the supplier who gives you the best deal. If you lease the tank, you must buy from the folks that installed the tank.
So leasing a tank doesn’t even come with the actual gas? Why would anyone ever lease.
Posted on 4/15/25 at 9:08 am to jlovel7
The tank is around $3,000 for a new tank if I remember correctly. It's easier for some to swallow a lease fee than it is to pay up front for the tank.
I did buy my 500 gallon tank because I am subscription service/monthly fee'd to death. Everyone wants that recurring monthly revenue.
I did buy my 500 gallon tank because I am subscription service/monthly fee'd to death. Everyone wants that recurring monthly revenue.
Posted on 4/15/25 at 9:47 am to jlovel7
quote:
So leasing a tank doesn’t even come with the actual gas? Why would anyone ever lease.
quote:
The tank is around $3,000 for a new tank if I remember correctly. It's easier for some to swallow a lease fee than it is to pay up front for the tank.
ETA: I bought a house once that came with a propane tank. It was buried and was also under a pavered walkway/sitting area. For this reason I kept the lease which was maybe $100 per year. One of the benefits of the lease was that the tank also communicated with the company when it was in need of being filled. There was nothing really wrong with propane other than you had to get propane appliances or adapters. It is my personal preference that all future houses have gas supplied and be on municipal sewerage, no septic systems.
This post was edited on 4/15/25 at 9:55 am
Posted on 4/15/25 at 1:18 pm to jlovel7
We lease the tank. I lease primarily due to upkeep of the tank and the fact that if I have an issue it gets me in the service queue a whole lot faster and with less hassle because upkeep and maintenance on the tank is the company's responsibility. It also provides tank monitoring where the company comes out and refills the tank when it reaches a certain level and doesn't require that I monitor usage and schedule the refill.
As far as the propane, the company you go with should offer pre-buy at some point during the Summer. You can pre-buy whatever volume you want and lock in the price. That protects you against price fluctuations in the Winter. You will have to pay in full for the volume you buy, though.
Stay away from Amerigas if you can.
As far as the propane, the company you go with should offer pre-buy at some point during the Summer. You can pre-buy whatever volume you want and lock in the price. That protects you against price fluctuations in the Winter. You will have to pay in full for the volume you buy, though.
Stay away from Amerigas if you can.
This post was edited on 4/15/25 at 1:25 pm
Posted on 4/15/25 at 1:25 pm to LegendInMyMind
quote:
We lease the tank. As far as the propane, the company you go with should offer pre-buy at some point during the Summer. You can pre-buy whatever volume you want and lock in the price. That protects you against price fluctuations in the Winter. You will have to pay in full for the volume you buy, though. Stay away from Amerigas if you can.
Maybe I’m naive but I’m blown away people lease these tanks and then you pay extra on top of it for the gas. I assumed it would all be together.
Anyway I only have my stove on this so use should be not crazy. Thankfully it’s not heating the whole house or anything.
I may try and plumb some connections over to a grill if we do get this property.
Posted on 4/15/25 at 1:46 pm to Spankum
quote:
A couple of things come to mind here.
- if you buy the tank, you are free to compare and buy from the supplier who gives you the best deal. If you lease the tank, you must buy from the folks that installed the tank.
- if you buy a tank you would be responsible for upkeep on that tank. I.e, keeping it painted/coated, rust prevention via anode, etc. if you lease the
tank, the propane company would be responsible for doing all of that.
I pay $55/year to lease the tank, 500 gallon. When it leaked out at the tank, the lessor had to pay. Rates are competitive anyway, so its worth the rental IMO.
Posted on 4/15/25 at 2:17 pm to jlovel7
quote:
So leasing a tank doesn’t even come with the actual gas? Why would anyone ever lease.
No, tank lease is a charge per month while the actual propane is sold by the gallon.
Posted on 4/15/25 at 3:03 pm to jlovel7
quote:
So leasing a tank doesn’t even come with the actual gas? Why would anyone ever lease.
Go to Home Depot or any store for that matter that has tanks inside the store and buy one. It comes tank only and you will have to have it filled. You are buying just the tank-------with no contents.
Posted on 4/15/25 at 5:06 pm to jlovel7
My current house came with the tank as a lease, it’s $75 per year. If a tank costs $3k (mentioned earlier, I don’t know), at $75 per year it would take me 40 years to pay it off. I will likely move before 40 years is up or the tank will likely need some sort of service during that time. Leasing makes sense to me.
Posted on 4/15/25 at 9:53 pm to jlovel7
Hank Hill, Strickland Propane.
Give him a call, he can hook you up.
Give him a call, he can hook you up.
Posted on 4/17/25 at 6:29 pm to jlovel7
quote:I’ve run a stovetop on a 5 gal bottle for 15 years. It lasts a couple months. We just installed a 500 gal tank to convert the whole house to propane I pay 150 a year to lease the tank. They installed it and ran the line to my house and hooked it up to my generator
Anyway I only have my stove on this so use should be not crazy.
I have no idea why on earth you’d want to own a permanent propane tank
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