Leasing:
- Zero up-front costs
- Easy buyout option
- Fixed monthly terms
- Ongoing service and repairs covered
- Unit replacement if it can’t be fixed
- Emergency service availability
- Transferable to another homeowner
- Owning costs less than renting
- Eligible for rebates
- Enbridge billing
Renting:
- Zero up-front costs
- Buyout option is very expensive
- Complicated rental contracts
- Lifetime payment
- Check “policies,” “cancellation terms,” “limitations of liability” carefully
- Monthly payments can be increased between 3.5% and 3.8% with the passage of time
- Enbridge billing
