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Old 01-16-2007, 09:24 PM   #1
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Hot Water Heater


Hi,

Currently, I am paying $20.00/month to "rent" my Hot Water Heater. I was curious to find out the cost of purchasing my Hot Water Heater outright and found out it'll cost me $60.00 to purchase it. Now I understand that if it breaks down, I cannot expect it fixed/replaced for free from them since I now own it. Mine is a Rheem Power Vented 50 Gallon tank. My question is if mine breaks down (it's 14 years old), do I have to replace it with the exact same one (a power vented model) or can I use just any 50 gallon Gas Water Heater and make any necessary modification to the piping?

Thanks for any info!
Phil

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Old 01-17-2007, 03:15 AM   #2
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How long have you been renting this heater?

There is a reason for the power vent, where is this heater located?

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Old 01-17-2007, 04:04 PM   #3
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Hello,

I have been renting this unit for 7 years myself, plus an additional 7 years from the previous owner. That's 14 years worth of renting from them and approx. $3000.00 later they've collected off of this unit.

The hot water tank is located right beside the furnace.

Thanks,
Phil
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Old 01-17-2007, 05:35 PM   #4
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Do the math.
For every 40 or so months you rent you could buy a replacement unit. At that age though it could go any day. However even if you buy it, it breaks right away, and you replace it, it will pay off in four or five years. As long as you are able to afford replacement should it fail I'd buy it. Or you could wait for it to fail and see if they'll give you the same deal on the replacement.
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Old 01-17-2007, 05:42 PM   #5
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If i's a power vent, you will need to replace it with a power vent type, so not just any gas fired heater will work, I'd buy one at that rate.

Never heard of anyone having to rent there water heater.
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Old 01-17-2007, 06:04 PM   #6
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Thanks for the info guys!

I guess things are different in Canada! A lot of people are renting them from the gas company and getting ripped off by paying this dumb monthly fee...

thanks again,
Phil
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Old 01-17-2007, 07:03 PM   #7
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Holy Crap!! I have never heard of renting a water heater. What a racket. What happens if you don't pay? Do the heater police come repo it, or do Vido and Vinny pay you a visit? Call a Plumber and have one put in, then you can take it with you.
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Old 01-18-2007, 05:10 PM   #8
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I know, it's crap!.....I agree 100%....they get all the money they can from you...I just called today and purchased it for $60.00! I don't care if it breaks in a couple of years or it breaks down tomorrow...I will not be paying anymore renting fees from now on.....sounds like you guys don't rent in the states eh!
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Old 01-18-2007, 06:32 PM   #9
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Heck no we don't rent heaters, no one does here.
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Old 01-19-2007, 11:15 PM   #10
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where i am at - if you have a gas house the gas company gives you one free if you have an electric home the power company gives you one free.

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