The opportunity to lease rather than purchase a new HVAC system might sound appealing, but is it the best option for you? Here are some key factors to consider before deciding.
Upfront Vs. Long-Term Costs
Leasing allows you to enjoy all the benefits of a new heating or cooling system without having to make a substantial investment. There’s no denying, however, that a leased HVAC unit will cost you significantly more over the long run. It’s also important to remember that when you lease a system, you don’t actually own it. That means you’ll be held financially responsible if anything damages the system.
Leasing a system can also present problems if you decide to sell your home. Will the purchaser need to take over the payments? Will you be required to pay the remaining balance before selling the property? It’s critical to read the fine print of the contract before signing a lease.
Preventive Maintenance and HVAC Repairs
Some leases include coverage for any necessary repairs, provided that proactive maintenance services are performed regularly. The cost of regular tune-ups is often added onto the total price for the system. In addition, the lessee is required to rely on the leasing company for all HVAC repairs, whether their service is satisfactory or not.
There’s a Third Option
If the initial cost of a new HVAC unit is your primary concern, consider financing the system instead of leasing it. At E. Smith Heating & Air Conditioning, our financing options make a new purchase affordable. We’re also pleased to include a range of extra perks such as energy-saving proactive maintenance with each Carrier HVAC system we install.
Own or lease? Contact E. Smith Heating & Air Conditioning today, and we’ll help you select the financing option that best fits your needs and budget. Since 1962, we’ve been proud to provide Marietta, Kennesaw, Roswell, Acworth, Smyrna, Woodstock, and surrounding communities with top-quality HVAC services.
Whether you require installation, repair, or maintenance, our technicians will assist you with top-quality service at any time of the day or night. Take comfort in knowing your indoor air quality is the best it can be with MOE heating & cooling services Ontario's solution for heating, air conditioning, and ventilation that’s cooler than the rest.
Contact us to schedule a visit. Our qualified team of technicians, are always ready to help you and guide you for heating and cooling issues. Weather you want to replace an old furnace or install a brand new air conditioner, we are here to help you. Our main office is at Kitchener but we can service most of Ontario's cities
Source link
