Stair lifts make your home more accessible for loved ones who struggle with mobility. If you’re looking to add one to your home, you may have noticed you have the option to either rent or buy your lift. When making a decision, it’s important to know what will work best for your circumstances. At DME Elevators & Lifts, we’ll help you understand the differences between buying and renting a stair lift as well as which is the best option for your home.
When Should You Rent a Stair Lift?
Renting a stair lift is a great short-term option for individuals who don’t want to commit to making a long-term purchase. If you need the lift for a few months while you recover from an injury, then renting is a great option. It allows you to use the chair for as long as you need and then return it once you no longer need it. A rental stair lift is also a great option for people living in a temporary residence. You get the mobility aid without having to make a full commitment.
Pros
- Cost: Renting a stair lift is more affordable upfront since there is no initial purchase cost. For short-term rentals, the monthly rental costs are also lower.
- No Charge Service: Many stair lift rental plans come with free repair services. If something happens with your lift, you don’t have to worry about repair expenses.
- Great for Short-Term Use: If you’re recovering from surgery or have someone with mobility needs in your home temporarily, renting a stair lift is a great option. You don’t have to commit to having a stair lift in your home for years, and you can return it at any time.
Cons
- On-going Monthly Costs: Monthly rental fees add up over time, and they can eventually exceed the total cost of purchasing a new stair lift.
- Limited Customization Options: Renting a stair lift limits how much you can customize the color and features.
- Only Available for Straight Staircases: Rental stairlifts are not available for outdoor or curved stairlift applications
Considerations for Stair Lift Rentals
Terms and Conditions: Before signing a rental agreement for a stair lift, read the terms and conditions carefully. It’s important to know what you’re getting into and what the rental company expects from you.
Repairs: Be sure to ask how the company handles lift repairs. Companies can have varying policies, so make sure any fees are covered in the monthly rental cost.
Availability of Models and Customization: If you need a specific chair model or certain features, check how available these models are for rental. Your options may be limited, so find a chair that fits your needs.
Rental Period: Renting a stair lift is a great option for short-term use. If you only need the lift for a few months, renting may be a better option than purchasing.
When Should You Buy a Stair Lift?
Purchasing a stair lift for your home is a great option for individuals who need long-term mobility assistance. Having a permanent mobility option in your home can be more costly upfront, but the long-term investment is more affordable. Consider purchasing a stair lift if you live in a permanent residence and need long-term mobility access.
Pros
- Customization Options: When you purchase a stair lift, you have the freedom to customize it however you want. You can pick the exact model you want with the features you need for comfort and convenience.
- Resale Value and Equity: Adding a stair lift to your home can add value and equity to your home if you choose to sell.
- Long-Term Investment: Investing in a stair lift is a permanent addition to your home that improves the accessibility of the current and possible future users. Needs change over time and this could end up helping many people in our home.
Cons
- Larger Upfront Cost: The initial cost to purchase a stair lift is larger from the start, something to consider especially for those on a limited budget.
- Less Flexibility: If you no longer need the chair or your situation changes, make sure to ask the company you are buying from if they will help with removal when it is no longer needed.
- Separate Maintenance Costs: When you own the stair lift, any maintenance and repair costs fall onto you. These costs can add up over time.
Considerations for Buying a Stair Lift
Removal & Buy-Back Options: When purchasing a stair lift, keep an eye on the removal and buy-back options you have. If your situation changes, you want the flexibility to be able to sell or buy back your lift.
Durability & Customization: Since this is a long-term investment, consider a lift that’s built to last. Find a durable option that you can customize to fit your specific needs.
Warranties: Look into the warranty options that come with the lift. New stair lifts offer generous warranties that can put your mind at ease knowing your investment is covered for years to come.
Key Factors to Consider When Choosing a Stair Lift
- Duration of Use: Whether you need short-term or long-term mobility assistance, choose a chair that best fits your needs.
- Budget: Determine what your budget is for investing in a stair lift and find an option that works for you.
- Mobility Needs: Renting is a great option for temporary mobility needs, and purchasing is better for long-term or permanent mobility needs.
- Installation & Maintenance Requirements: Installing and maintaining a stair lift is an investment, and it’s essential to pick a lift within your means so that you can keep up with the necessary services.
Find the Stair Lift Option That is Right for You
A stair lift is a significant investment, and you want to make sure you pick the right one for your wants and needs. When considering whether to rent or purchase, keep in mind factors such as how long you need the lift, your budget, maintenance requirements, and warranties.
If you’re not sure which option is right for you, DME Elevators & Lifts is here to help. Our team will work with you to find the right stairlift for you and help you determine whether a rental or purchase is the way to go. We offer both curved and straight stairlifts to best fit your staircase. Contact us today to talk with one of our stair lift experts!