Buy my own propane tank or lease a propane tank? - Homesteading Today
Homesteading Today

Go Back   Homesteading Today > General Homesteading Forums > Homesteading Questions


Reply
 
LinkBack Thread Tools Rate Thread
  #1  
Old 12/01/11, 07:52 PM
VERN in IL's Avatar
Lacto-Ovo Vegetarian
 
Join Date: Nov 2008
Location: Southern Illinois
Posts: 1,004
Buy my own propane tank or lease a propane tank?

I'm talking 500 gal + capacity tanks.

All folks except my Grandpa lease their tanks. The only bad experience they have had is the unexpected fill-ups.... and the bill.



My Grand parents own a 500 gallon tank, they only use it for the cook stove, they heat with wood.

So what are the pros and cons of owning/leasing a propane tank?

__________________

I see a very dark cloud on America's horizon,
and that cloud is coming from Rome.
- Abraham Lincoln
Reply With Quote
  #2  
Old 12/01/11, 08:17 PM
 
Join Date: Dec 2006
Posts: 64
Lease

I lease my 250 gallon. I owned a tank before that developed a leak and I lost about 150 gallons of propane.

My rental tank leaked down one summer and the propane company fixed the leak and refilled my tank for free. I pay $6 per month to rent.

__________________
Reply With Quote
  #3  
Old 12/01/11, 08:30 PM
 
Join Date: May 2002
Location: Texas
Posts: 5,339

We leased our tank for about 6 years then they quit billing us for it. I think it may have been lease to own. I developed a leak last year and they came out and fixed it, didn't bill us for the leak even gave us credit for the 20 gals. it leaked out.

We only paid 56$ a year and the only thing they required was when we ordered gas to order at least 100 gal. at a time. We only use it to heat with in the winter. Another company required us to use a certain amout a month, plus we had to buy our gas from them.

Be sure and shop around, different companies have different rules and prices.

__________________

A good time to keep your mouth shut is when you're in deep water.

Reply With Quote
  #4  
Old 12/01/11, 08:44 PM
oldmanriver's Avatar  
Join Date: Aug 2004
Location: ky
Posts: 545

bought my own that way you don't have to use the same dealer you can shop around

__________________
Reply With Quote
  #5  
Old 12/01/11, 08:57 PM
 
Join Date: Oct 2006
Posts: 512

We have 2- 500 gallon tanks and shop around for fuel. We owned one and they jacked me around on price during the icestorm we had in 08 so I found another used one to buy so we can keep one full all the time. Its already paid for itself as we saved over a $1.a gallon to fill this yr. We used 450 gallons in 1 1/2 yrs to heat and cook plus run the genny on occasion.

__________________
Reply With Quote
  #6  
Old 12/01/11, 10:43 PM
 
Join Date: Jan 2005
Location: Florida
Posts: 4,477

The other posts pretty much sum it up.

With a lease you don't have a big up front cost, and the propane company is responsible for keeping up the tank. The down side is you have to buy propane from them.

If you buy your own tank, you have the cost of the tank up front, and you have to keep an eye on it to catch a leak that may develop, but you can then shop price and buy from the cheapest dealer.

__________________
Reply With Quote
  #7  
Old 12/01/11, 10:44 PM
 
Join Date: Jul 2007
Location: middle GA
Posts: 16,654

We bought ours. I figure I'd rather own my own than use someone elses and like others have said, this way you can shop around and find the best prices. Ours is only used for cooking.

__________________
http://sonshine-littlebitofsonshine.blogspot.com/

Christian Homesteaders Forum
http://christianhomesteader.forumotion.net/
Reply With Quote
  #8  
Old 12/02/11, 06:37 AM
 
Join Date: Jul 2008
Location: Southern Indiana
Posts: 955

We own our own tanks, the ability to shop for gas more than pays for the tank cost in around 4 years. We also have an attachment to fill propane bottles on ours, we can fill a 20 lb cylinder for around $6 verses $18 to have it filled and we get full cylinders this way, not 85%.

"O"

__________________
Reply With Quote
  #9  
Old 12/02/11, 08:20 AM
Callieslamb's Avatar
 
Join Date: Feb 2007
Location: SW Michigan
Posts: 16,105

we have one we rent and one we own. We can shop around for deals, but have found we get about the same price if we lease - since they know they can count on our business. We used the same company to fill both tanks and got a really good deal that way. We bought the one tank off craigslist and DH sanded it down and repainted it.

__________________
The future is as bright as your faith.
Reply With Quote
  #10  
Old 12/02/11, 08:33 AM
littlebitfarm's Avatar
Scotties rule!
 
Join Date: Mar 2005
Location: IL
Posts: 1,534
Quote:
Originally Posted by English Oliver View Post
We own our own tanks, the ability to shop for gas more than pays for the tank cost in around 4 years. We also have an attachment to fill propane bottles on ours, we can fill a 20 lb cylinder for around $6 verses $18 to have it filled and we get full cylinders this way, not 85%.

"O"
Can you give me a link to that attachment?

Owning my own tank saved $.22 a gallon when I refilled this year.

Kathie
__________________

www.littlebitfarm.net

Reply With Quote
  #11  
Old 12/02/11, 09:35 AM
 
Join Date: Sep 2005
Location: Former State of Franklin
Posts: 3,731

I have 3-500's I own. Leased a 250 for years, but it wasn't big enough to carry us thru the whole year ( stove, wall heater, water heater ) some times, which is exactly what the propane company wants.....they want two "through puts" a year, so they can sell you at an average of summer low and winter high prices.

I finally bought a 500 gal underground, and then I added 2-500gal above ground tanks 2 years ago ( used....800 for one, the other was free w/50% gas in it just for hauling it off )

We use the underground tank, and the other two I have plumbed into the line to use, but I keep them full and shut off, as a backup supply.

Between not paying the lease ( which they increased to $100/yr on the 250 ), and being able to shop different companies, ( I've had it vary as much as a $1/gallon when you shop...and they KNOW you are shopping ) during the RIGHT time of the year ( mid summer ), owning is the way to go, IMHO.

__________________
Reply With Quote
  #12  
Old 12/02/11, 09:53 AM
 
Join Date: Dec 2005
Posts: 4,195

In process of using up last 75g of fleased tank--srarted 6yrs ago at $45,now$75..will put in my own 500g tank ...Lets look at the concept---YOU rent a tank from THEM so YOU can buy propane from THEM to put in THEIR tank...no thanks anymore...

__________________

Watching msnbc is the intellectual equivalent of mutual masturbation by a group of monkeys.

Reply With Quote
  #13  
Old 12/02/11, 11:20 AM
Alice In TX/MO's Avatar
More dharma, less drama.
 
Join Date: May 2002
Location: Texas Coastal Bend/S. Missouri
Posts: 30,195

Lease eliminates worries.

__________________

Alice
* * *
"No great thing is created suddenly." ~Epictitus

Reply With Quote
  #14  
Old 12/02/11, 11:38 AM
 
Join Date: Dec 2009
Location: Cement, OK
Posts: 694

We lease ours. This yr I called to get it filled & took a month for them to make their way out. Evidently the driver never could find our place, but never called for directions either. Doubt we will continue the lease after the propane runs low.

__________________
Reply With Quote
  #15  
Old 12/02/11, 01:57 PM
"Slick"
 
Join Date: Apr 2009
Location: Moving from NM to TX, & back to NM.
Posts: 2,278

I go for owning. Only if you plan to stay somewhere for over 5 years.

__________________
We will meet in the golden city, called the New Jerusalem,
All our pain and all our tears will be no more.....
Reply With Quote
  #16  
Old 12/02/11, 04:45 PM
East Central MN
 
Join Date: Mar 2006
Location: MN
Posts: 603

I own my own tank and the company I buy most of my propane from also paints the tank every 2 years and last year they replace all the valves and regulators on the tank and house. They were all over 20 years old.

__________________
Reply With Quote
  #17  
Old 12/02/11, 09:34 PM
 
Join Date: Dec 2010
Posts: 176

I bought my own tank and the savings on the propane paid for the tank in about 3 or 4 years. i believe I get the propane at least 30 or 40 cents a gallon cheaper when I can shop around as opposed to what I would pay when I leased a tank.

__________________
Reply With Quote
  #18  
Old 12/02/11, 09:41 PM
 
Join Date: Aug 2010
Posts: 2,249

I lease a 1000gal tank and other than a token fee the first year, I pay nothing for the lease. I get a great price through a farm co-op; haven't seen anything else in our area beat it.

__________________

‎"The trouble with quotes over the Internet is that you never know if they are genuine." - Abraham Lincoln

Reply With Quote
  #19  
Old 12/02/11, 10:29 PM
 
Join Date: Sep 2008
Location: South Central WI
Posts: 816

Owning is definitely smarter.
That is the only way you can paint a big green & gold "G" on it!

__________________
Reply With Quote
  #20  
Old 12/03/11, 07:07 AM
 
Join Date: Jul 2008
Location: Southern Indiana
Posts: 955
Quote:
Originally Posted by littlebitfarm View Post
Can you give me a link to that attachment?

Owning my own tank saved $.22 a gallon when I refilled this year.

Kathie
I don't have a link, when I ordered my tank I told them I wanted a wet line to fill bottles. The tank has to be empty when this is installed.

"O"
__________________
Reply With Quote
Reply



Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 10:57 AM.