Rent To Own
Currently we do not have a financing plan but we do have a Rent-To-Own Program that is provided through BLI Rentals located in Emporia Kansas and is currently only available for Colorado. We are working on getting approved for New Mexico and hope to have this available soon.
Here are some of the features of the Rent-To-Own program
Rent to Own Benefits
NO Credit Check
Allows you to purchase a storage building and make payments, even with imperfect credit.
Instant Approval
No need to wait on a finance company. You’re approved from the BLI Information Sheet and will have the building as soon as the sales lot can deliver it.
Rent-to-Own Storage for About the Same Cost (per square foot) of Renting an Offsite Storage Unit
Ownership in 36 months! Pay an off-site storage company for years. Or own your storage building in your back yard in 36 months, and never make another rental payment.
Rent-to-Own Is a One-Month Agreement
Your financial situation can change, and BLI understands. You are not bound to a 36-month agreement. It can be terminated at any time.
Early Payoffs
You can pay off your Rent-To-Own agreement at anytime with no early payoff penalties.
Rent to Own Limits
You can use the Rent-To-Own program on purchases up to $10,000 on Sheds, Barns, Garages and Camping Cabins.
Rent to Own Features:
Multiple Payment Options:
Online, By Phone, Mail or AutoPay from Your Checking/Savings Account or Credit/Debit Card
BLI provides convenience tailored to meet your needs. Pick what works best based on the way you pay bills. Avoid having a payment get lost in the mail or running out of checks.
E-mail Confirmations for ALL Electronically Processed Payments
Again, this is convenience tailored to you. This helps you with record keeping and shows that a payment was successful.
Damage Waiver Fee (DWF)
This fee will relieve you from payments in the event that the building is a loss. You can avoid buying extra insurance or having to pay your deductible to replace the building.
Early Purchase Option (EPO) Discount
There is no fee to purchase your building early, and you actually save money – 45% off the balance.
10-day grace period; $5 late charge
Life can happen quickly, and you don’t always have time to make a payment. BLI gives you extra time.
E-Billing
You can receive a coming due notice 15 days prior to the due date.
Security Deposits
Our system allows the security deposit to be applied directly to the early purchase option price. For example, if the EPO is $1,000 and you have a $250 deposit, the net payoff price would be $750. As a customer if you send us $750, you’re done. You don’t have to wait for a rebate check or come up with the extra $250 prior to pay off.
Frequently Asked Questions
Can I pay the agreement off early before the end of 36-months?
Yes. BLI Rentals offers an Early Purchase Option (EPO) discount. At any time you can contact the BLI office, and our staff will provide you with your EPO price. Note: the EPO price changes with each rental payment you make.
Is there a penalty to purchase early?
No. Actually, the EPO is a 45% discount off the balance due on your contract.
How long is the EPO price good for?
The EPO discount is a cash price, due in whole. If your account is current, then your EPO price will not change until your next payment is due. However, if your account is past due, your EPO discount price changes daily and will continue to increase each day you are past due.
Why do I pay a deposit, and when is it refunded?
The deposit is held as a security for the performance of the terms of our agreement. Upon completion of our agreement and your purchase of the building, BLI will refund your deposit within 30 days of our receipt of the final payment and your request for ownership.
What do you mean by ‘only a one-month agreement?’ I thought it was a 36-month agreement.
The initial term of your rental agreement is for only one month. When you pay the next months rent, you automatically renew the agreement for one more month. After you renew consecutively for the full term (36 months), you can acquire ownership of the building. Because the agreement is for one month, you are under no obligation to continue the agreement after the first month term. In the event you are unable to continue the payments, just call our office to schedule a return in advance of your due date.
What is the Damage Waiver Fee (DWF)?
When you purchase the Damage Waiver Fee, you are protecting yourself from having to continue to make rental payments in the event that the building is stolen, damaged or destroyed beyond repair.
Do I really need the Damage Waiver Fee (DWF)?
While you are not required to purchase the DWF, it may be more affordable than the alternative. Your building may not be covered by your home owners insurance, and you may have to purchase additional insurance to cover the loss price of the building. And you have to provide BLI with a copy of the Declaration Page of your insurance policy, which shows coverage of the building.
What if I want to move the building to another location?
Moving must be done by an authorized BLI dealer. To move a building to another location, simply provide the office with your new address and phone numbers in writing. BLI will contact the local dealer or sales lot to authorize them to move the building. The cost of relocation will be between you and the sales lot.
What kind of interest rate am I paying?
This is not a loan; therefore there is no interest or principle. It is a rental-purchase, and all payments are rent with the option to purchase upon successfully complying with the agreement. See “What do you mean by ‘only a one-month agreement?” for more information on the rental purchase.
Can I get a new coupon book if I loose mine?
Yes. There is a $15 fee to re-print a book. Once we receive the fee, we will mail you a new book. You can also sign-up for AutoPay, pay your bill online or phone in a payment if you would rather not use the coupon book.
Plus for more information on our Rent-To-Own Program you can visit BLI Rentals website at www.blirentals.com and contact them directly with questions about their program.
Getting Approved for the Rent-To-Own Program
To get qualified locally you should contact us at Trinidad Pro Shed and we will get you the form that you need to fill out for quick approval. Call us at 719-422-3211 or email us
We will also need:
- 1st month’s rent and a deposit of $250 or 5% if over $5000.
- Photocopy of your Driver’s License
- Signed Rent-To-Own Contract
- Billing Address
- Delivery Address
- Contact Phone Numbers
