How To Calculate Rent To Own Shed Options In Newfoundland

Caleb Becker
Jul 31
3 min read

Calculate your estimated Rent-To-Own payments with this easy-to-use calculator:

Enter the building price before tax
Choose your building width
Choose your term length 36 Months or 60 Months
Click Calculate

How Rent‑to‑Own Works with Continental Sheds / Old Hickory Buildings in Newfoundland

1. Quick Overview

Gander Sales in Newfoundland can offer the Continental Sheds/Rent‑to‑Own program.

This lets you move into a shed with virtually no credit check, minimal upfront cost, and monthly rent payments. At the end of the term—or sooner—you own the building outright.

2. Getting Started & Upfront Costs

Pick your shed (Lofted Barn, Utility Shed, Animal Shelter, etc.) using the dealer’s 3D builder tool or on‑lot display.
Provide a valid ID and pay:
- A security deposit (typically one month’s rent; amounts vary by size, e.g. $100 for 8′–10′ wide, up to $1,000 for 14′ wide models)
- Your first month’s rent
That’s it—no credit check, and you’re instantly approved.

3. How Monthly Payments Are Calculated

Gander Sales publishes cash price, plus two Rent‑to‑Own (RTO) amortization terms—usually 36 months or 60 months. For example:

A 10×20 utility shed priced around $10,930 (before tax): RTO payments ~ $581.92/month for 36 months, or ~ $465.54/month for 60 months.

In general:

36‑month plan = higher payment, more interest, faster ownership
60‑month plan = lower monthly cost, longer term
Plus tax and the Security deposit is applied toward ownership when you pay off the building.

4. Early Payoff — 90 Days Same as Cash & Anytime Payoff

These programs offer flexibility:

If you pay off within the first 90 days, the deal is treated like a “same‑as‑cash” purchase—you’re only charged the agreed cash price with no rental or finance charges.
After 90 days or any later point, you can still pay off the balance at any time, with no pre‑payment penalty, and then you own it.

5. Termination Option

The contract is month‑to‑month (after the initial period of usually 1–4 months):

If your circumstances change, you can return the building—the company will pick it up, and your credit remains intact.
There’s no obligation to complete the full term.

6. Why It’s Popular in Newfoundland

No credit required—you qualify with just an ID.
Low barrier to entry—small security deposit and first month’s rent.
Predictable payments and flexible terms.
Built with Old Hickory quality—engineer‑certified, pressure‑treated materials, 5‑year limited warranty (with lifetime coverage on treated wood) and 30‑year metal roof warranty.

Delivered and set up locally in Newfoundland through dealers like Gander Sales in Grand Falls-Windsor, St. John's, and Gander

📋 Example Scenario: Your 10′×20′ Utility Shed

Scenario	What You Would Pay
Cash purchase	Deposit (10 %) then balance on delivery
Rent‑to‑Own (36 mo)	Security deposit (1 mo rent) + first month (~$506) → continue ~$506/month; ownership after 35 payments
Rent‑to‑Own (60 mo)	Deposit (~$405) + first month → ~$405/month; own after full term
Pay off within 90 days	Only the agreed cash price, no rent charges
Early payoff anytime	Pay remaining balance—no penalty; deposit applied to balance

Use Rent-To-Own Calculator at the top of this blog to get the estimated payment amount.

Example of how it works

You just found the perfect shed—maybe a 10×20 utility or a cozy 8×12 mini‑barn. You contact Gander Sales, with ID in hand. No credit check, just pay a modest deposit and the first month’s rent. We deliver— level, secured, ready.

You could rent for 60 months if you'd rather keep payments low. But if you get ahead in 90 days, great—you pay it off like cash and own it outright.

Or finish out the 36 months if you want to be done quick. An unexpected life change? No worries. Ask them to pick it up, and you walk away—no credit hit.

Quality? These buildings are true Old Hickory construction: engineer‑certified framing, pressure treated skid and flooring, lifetime warranty on treated wood and decades on the roof.

That same craftsmanship is available in Newfoundland through Continental Sheds’ partner that Gander Sales Offers.

Final Thoughts

Rent‑to‑Own with Continental Sheds/Old Hickory in Newfoundland is a low-stress, flexible route to ownership—especially if you don’t want the full upfront cost or don’t have stellar credit.

It’s month‑to‑month, clear terms, and you can pay it off early or walk away without penalty. And if you do keep it, you end up with a quality backyard building built to last.