Purchasing a new air conditioner can be very costly, but when their old system breaks down, most homeowners feel as though they have no choice but to buy one. Desperation for a cool and comfortable home can cause homeowners to fall into predatory financing practices like AC rental. Before you decide that renting an air conditioner is your only option, take the time to learn more about what that really entails, as well as your alternative options.
Renting An Air Conditioner
Renting an air conditioner may seem like a good choice for homeowners who don’t want to purchase their new air conditioner outright, renting can feel like a very positive alternative to taking a hit to your bank account. Here are some of the pros and cons of renting your air conditioner; you may notice that renting has more downsides than upsides.
Pros
- Repairs and maintenance are handled by the rental company
- Low installation and upfront costs
- Advertised with small, manageable payments
Cons
- Neverending payments, meaning you’re still paying to rent the system long after you’ve already paid the amount that it’s worth
- High fees for exiting the contract or transferring the contract to the next homeowner
- Potentially reduces the value of your home
- More costly in the long run than purchasing the air conditioner outright
Other Options
If you’re learning right now that perhaps renting an air conditioner is not the right choice for you, but you don’t feel comfortable paying upfront for a new system, you may feel stuck. Don’t worry, because you have alternative options. A better option offered by Team Harding is to finance your air conditioner. Similar to renting, when you choose to finance your AC, you’re paying small and reasonable monthly payments towards your air conditioner, however, once the total price of the system has been paid off it belongs to you.
Financing your air conditioner allows you to own a new and energy-efficient system without breaking the bank purchasing a new unit upfront. Plus, with flexible payment options and low-interest rates, every homeowner is able to finance their own AC within a comfortable budget for them!
Interested in financing a brand new, high-quality air conditioner?
Learn more by contacting Team Harding!
Harding Heating & Air Conditioning has been Ottawa’s leading home comfort specialist since 1994. We are a family-owned and operated local business and all of our installers and technicians are fully licensed.
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