Whether you’re replacing your home’s air conditioning or heating system, it can cost a small fortune. If you’re like most homeowners, you don’t have the funds on hand to purchase your new unit. However, you may have heard that you can rent or use purchase solutions for units.
How Does Renting Work?
Renting is a fairly new concept when it comes to obtaining the use of a new HVAC system. Many companies will offer to rent you a new HVAC system so that you don’t have to worry about buying one straight out. Most rental programs will last for around eight years, where you’ll be responsible for paying a small monthly payment.
Over this term, you take responsibility for any damage that happens to the unit until the rental period is up. It’s important to note that all repairs must be performed by the service company that the unit owner chooses to use. At the end of the rental period, you’re given the option to purchase the unit for a set price or have it removed from your home.
How Do Purchase Solutions Work?
At Breeze Lease in South Pelham, Georgia, we offer purchase solutions for your next HVAC unit. You simply set up a payment program that runs for up to four years. Over that period, you make consistent monthly payments to purchase the unit. At the end of the four years, you’ll be the rightful owner of your HVAC equipment, and you won’t have to worry about returning it.
The Pros and Cons of Renting
Renting can be a great option if you simply can’t afford the higher payments of a purchase solution situation. You get the added benefit of all-inclusive regular maintenance services over the time of your rental. This means no paying for regular filter changes and maintenance calls.
However, renting a heating or cooling unit can come with some negative connotations. First, if you decide to purchase the unit at the end of your rental, you’re likely going to end up paying two to three times its retail price. Since you don’t technically own the heating or cooling unit, your homeowner’s insurance may not pay to replace it in the event that damage happens to it.
The Pros of Purchase Solutions
Purchase solutions can be a great option when you don’t have the funds to purchase an HVAC unit outright. These can offer convenient monthly payments that will go towards buying the system. You can even pay off your new HVAC system before the four-year mark if you get the funds to do so. After a short four years, you can rest assured that you personally own the heating or cooling system.
If you’re interested in a great purchase solution for your next HVAC unit, contact us at Breeze Lease today!