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Water Heater Buyout Opinion

  • Last Updated:
  • Dec 12th, 2019 9:17 am
[OP]
Newbie
Mar 26, 2018
40 posts
107 upvotes

Water Heater Buyout Opinion

Hello,

My rental gas hot water heater was installed in 2006. Rental cost is $33/month. The buyout is $180. Pickup is free if I don't want it anymore.

I recently flushed it and found a few tablespoons worth of sediment.

Worth buying out or just replace with new?
12 replies
Deal Fanatic
Jan 25, 2007
7294 posts
3462 upvotes
Paris
bobroham wrote:
Dec 2nd, 2019 2:19 pm
Hello,

My rental gas hot water heater was installed in 2006. Rental cost is $33/month. The buyout is $180. Pickup is free if I don't want it anymore.

I recently flushed it and found a few tablespoons worth of sediment.

Worth buying out or just replace with new?
Buy it, run it till it dies.

A teaspoon of sediment? Ha! I get that much a month. You should run the hose from the bottom once a month.
For sale: Ego 56V 5aH batteries, BNIB
https://forums.redflagdeals.com/ego-law ... h-2294293/
Penalty Box
User avatar
Jun 24, 2015
2943 posts
635 upvotes
Woodbridge, ON
buy it out then buy a new one outright and avoid costly rental charges
Hi
Sr. Member
User avatar
Nov 1, 2001
570 posts
139 upvotes
Toronto
Your buyout is great compared to others I've seen
Deal Addict
User avatar
Aug 5, 2003
2249 posts
214 upvotes
North York
vote for the buyout, log all of the call details - time/date/rep name/confirmation number/etc. Record it if you can.

When I bought mine out DE conveniently didn't process it, but said it would take a couple of bill cycles to see it updated on my bill. If my notes weren't good, I'm sure I would have had a harder time getting enbridge to investigate and reverse DE's charges a couple of months later.
Penalty Box
User avatar
Jun 24, 2015
2943 posts
635 upvotes
Woodbridge, ON
mine is $5 grand, so id gladly pay $180
Hi
Deal Expert
Aug 2, 2004
31093 posts
5351 upvotes
East Gwillimbury
13 year old tank

Your home insurance may not provide coverage in case of a flood.

Check with the insurance before buying it out. You maybe better off getting a new tank.
Deal Addict
Jun 16, 2009
1886 posts
559 upvotes
Woodbridge
You should buy out your water heater as soon as you can and live rent free. Even when water heater leaks, GENERALLY it does not create any massive flood. It leaks drop by drop . You should worry about leaking only if your basement is finished and drain with proper slope is not close to your water heater.

P.S: I highly doubt that pickup is free. So in case you go that route, confirm it several times.
bobroham wrote:
Dec 2nd, 2019 2:19 pm
Hello,

My rental gas hot water heater was installed in 2006. Rental cost is $33/month. The buyout is $180. Pickup is free if I don't want it anymore.

I recently flushed it and found a few tablespoons worth of sediment.

Worth buying out or just replace with new?
HVAC Professional. Committed to customer, not brand.
[OP]
Newbie
Mar 26, 2018
40 posts
107 upvotes
I just called again for buyout and took it. Only $107 :')
Member
Feb 11, 2018
451 posts
441 upvotes
bobroham wrote:
Dec 5th, 2019 1:37 pm
I just called again for buyout and took it. Only $107 :')
Great deal! But get something like this installed so if disaster strikes it will be a lot less painful...
Happiness is success.
Deal Addict
Jun 20, 2010
1538 posts
766 upvotes
Our house came with a rental and bought it out ($25) when I moved it. Install date was 2002...I'll likely be swapping it out in the spring/summer.

I did change the anode rod and flushed it to buy more time.
Deal Addict
Sep 6, 2017
1584 posts
846 upvotes
bobroham wrote:
Dec 5th, 2019 1:37 pm
I just called again for buyout and took it. Only $107 :')
The optimal time to get a tankless.
Newbie
Mar 15, 2017
39 posts
23 upvotes
Congrats on the water heater rental buyout! Make sure to buy your own water tank when the rental dies, or go tankless. Either way, if you're not renting, you're winning........(like the guy from ING would say "and save your money")

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