- Posted by admin
- On April 25, 2018
- air conditioner, Finance, Hamilton, replacement
Installing a new air conditioner is a financial commitment and sometimes people haven’t budgeted to replace their cooling system. If you need to upgrade the AC before the summer but can’t afford the whole replacement cost—you can lower the initial investment by financing the air conditioner.
Difference Between Air Conditioner Financing and Renting
HVAC installation companies rent air conditioners to homeowners—usually with a lot of fine-print. Although renting a system might seem like the more affordable option, long contracts usually hide clauses that make renting much more expensive for the homeowner in the long run.
A common clause included in AC renting requires homeowners to pay a rental fee for the life of the equipment—making you pay far more than the price of a new air conditioner. If the company allows you to buy out the equipment—it’s often at an extremely inflated cost.
Financing an air conditioner is much like getting a loan from the bank. A third-party company provides the homeowner with the financing to purchase a new air conditioner. A small interest payment is applied, but the terms are clearly spelled out and you’re often able to pay off the remaining balance at any time—without penalty.
HAMCO Heating & Cooling Ltd. is proud to partner with SNAP Home Finance—an industry leader in financial solutions for home improvements. If you need to upgrade your cooling system, you can apply online and find out instantly if you’ve been approved. Even better, you’re not required to provide a down payment—making financing your new air conditioner extremely affordable!
If you have any questions, don’t hesitate to contact us—we’re always happy to help!
HAMCO Heating & Cooling Ltd. has been serving Hamilton and the surrounding area for over 70 years! We’re fully committed to providing reliable heating and cooling installation and repair to residential, and commercial customers.