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July 2018

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Rent vs. Finance Purchase of HVAC Equipment (AC, Furnace, Hot Water Tank)

Has your AC, furnace, or hot water tank seen better days? If so, it may be time to consider investing in a new piece of high-quality HVAC equipment. Whether it’s a decision you must make on short notice or one that you can prepare for, many HVAC companies will offer you the option to rent or finance your new system.

 

When it’s time to find the best HVAC system for your residential or commercial property, you deserve to be well-informed throughout the entire purchasing process. Use the following tips to help you decide whether financing or renting your HVAC equipment is the right solution for your unique needs.

 

Renting HVAC Equipment

 

Many HVAC companies offer you the option to rent your AC, furnace, or hot water tank units. Rental plans and contracts are often long-term and include higher interest rates, depending how long your contract runs for. Although it may seem like a better option initially, interest rates do add up over time, and you may not fully own your HVAC equipment when the contract is up.

However, there are benefits to renting your HVAC system, including the most competitive costs in Ontario, local technical service, and advice you can trust from a local professional.

For More info on RHMH’s rental program, click here.

Financing HVAC Equipment

 

Fully investing in the purchase of HVAC equipment can initially be a major undertaking, but there are many benefits to financing your new HVAC system, including:

 

Lower overall cost of ownership: When you choose to finance your new HVAC equipment, you will have to pay less on your monthly payments. Often, local HVAC service providers will install the new furnace, air conditioner, or hot water tank without the upfront costs when a financing plan is put in place.

 

More options: Financing your new HVAC equipment provides you with more options than renting the same equipment. You can choose your length of term, and work exclusively with our financing partner to customize a payment plan tailored to your unique situation.

With financing, you’ll eventually own your HVAC equipment so that you can enjoy whole-home comfort while creating an energy efficient interior environment.

Many property owners choose to finance their HVAC equipment rather than renting it as it adds value to the property, even after you leave. With finance plans, you can choose the payment plan that is right for you and save money in the long run.

For more information on RHMH’s financing options, click here.

At RHMH, we offer both financing and rental options. We’re proud to be an authorized partner of Enercare, Canada’s largest supplier of cooling, heating, and hot water tank rental units. Whether you choose to rent or finance your new AC, furnace, or hot water tank, you should be well-informed before making any purchase decision.

For a free home AC evaluation and quote, contact the HVAC experts at RHMH Heating & Air Conditioning today.