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Should I Buy or Rent a Fuel Tank? Your Ultimate Guide

diesel tank

Having your own fuel tank comes with obvious advantages. Whether you use your tank to store gas, diesel, or propane, you'll save time and money by storing fuel on your property or place of business.

First, you'll need to decide whether to buy a fuel tank or rent a fuel tank. There are pros and cons when deciding whether to buy vs rent a fuel tank. We'll cover both options in this blog.


Factors to Consider When Deciding to Rent or Buy a Fuel Tank

As you weigh the benefits of renting vs owning a fuel tank, keep these questions in mind. 

How much am I willing to spend on a fuel tank?

Do I have adequate storage space for holding a propane tank?

How many of my appliances or vehicles can benefit from a fuel tank?

Do I plan on moving in the next several years?

Whether you decide to rent or own a fuel tank, Bassett Petroleum Distributors Ltd can help you find the right tank for your personal or commercial needs. We offer 500 to 70,000-litre tanks from trusted vendors.

Benefits of Owning a Fuel Tank

One of the biggest advantages of owning a fuel tank is having the ability to use the fuel of your choice. When you rent a fuel tank, you have to use the fuel that your rental company offers, which can be more expensive.

Owning a tank also means that you won't be rushed to use your fuel within a certain period of time. Rental companies often require customers to stick with fuel consumption rates.

Buying does come with a larger up-front initial investment. Unlike other home-related purchases, an on-site fuel tank probably won't add value to your home or property. Still, it is a great option that can save you money long-term.

Benefits of Renting a Fuel Tank 

Renting a fuel tank is convenient and has some cost savings.

If your tank becomes damaged, you won't be responsible for repairing it. You can also benefit from auto-fills that are typically scheduled at repeating intervals.

If you plan on moving, your fuel tank rental company can transfer your contract and your tank to your new property. You also won't be responsible for inspecting and maintaining your fuel tank.

Even if you rent, you will most likely have to purchase and install the pipings and connections needed to service your fuel tank. You will also have to agree to the supplier's fuel rates. 


Schedule Your Fuel Tank Rental or Purchase Today

Whether you rent or buy your fuel tank, our family-owned business will find the right tank and price for your home or business. Since 1989, Bassett Petroleum Distributors Ltd has provided superior service to North and Western provinces.

We welcome you to call any of our Bassett Petroleum Distributors offices for a free quote today. We'll be glad to answer any questions that you may have. 




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