Buy or Lease Your Hot Water Tank?

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u/mtlprop · Joined Oct 2024

Should you invest in a water heater or rent one from HydroSolution? See how the long-term costs stack up and choose the best option for your home.

Last update Nov 2024
  • Scenario 1: Own Your Hot Water Tank
  • Scenario 2: HydroSolution Lease Plan
  • Which One Is Higher (%)

Compare the upfront and long-term costs between buying a hot water tank and leasing from HydroSolution. This chart shows how the total expenses stack up over time, helping you decide which option is more budget-friendly and hassle-free.

# Years from Now

Try your numbers:

The upfront price for buying a hot water tank outright. This covers the cost of the tank itself.

A =

The one-time fee for installing the hot water tank. Includes professional setup and necessary adjustments.

B =

The monthly leasing fee for a hot water tank from HydroSolution. This covers ongoing rental, maintenance, and repairs.

C =
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Time Value Assumptions

Heads Up!

If you're using Cost Basis (cb) for calculating capital gains:

Please be aware that very few countries currently use inflation-indexed cost basis. Double-check your local tax rules before publishing.

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How is Cash Value calculated?

Calculate your total cost by adding the initial purchase price and installation fee as your long-term investment.

Decisions / Expectations

(Expressions are evaluated at Year 0 only.)

D̃ =

Calculations

(Expressions are evaluated at every year.)

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