HVAC Lease vs Rent-to-Own Programs: What's the difference?
Is it time to kick that old HVAC unit to the curb? If you said yes, you’re probably weighing the options for replacing your unit.
Have you heard of HVAC lease programs or HVAC rent-to-own programs? These HVAC programs are both great options to help you save money up front and find an air conditioning or heating system that fits within your budget! They sound so similar, so what’s the difference? Is there one?
In this blog, we want to help you fully understand what makes each program unique when you are searching for your new HVAC system so that you can find the best financial option for your personal situation.
HVAC Leasing Explained
A big question that you have to ask yourself with HVAC leasing is whether or not you want to own your unit.
If the answer is no, then standard HVAC leasing is most likely the option that you would choose. Typical leasing programs are long-term contracts with higher interest rates based on the cost of the unit. This option makes it easier to lease a more expensive air system with manageable payments spread out over time for commercial and residential HVAC leasing. However, the downside to this option, other than higher interest rates, is that you won't actually own your HVAC unit.
Rent-to-Own HVAC Programs Explained
In the previous section we asked if you wanted to own your unit. If you answered yes, a rent-to-own HVAC program is more likely your style. Guess what, with this option your payments become a whole lot more affordable! Buying an HVAC system can be a big commitment, so being able to lease to own a heating and air system can be much healthier for your budget. When you lease to own HVAC systems, every payment you make goes towards owning your HVAC system. Here are a few reasons you might want to consider a rent-to-own central air conditioner or rent-to-own central heat and air program:
- Installation and old equipment removal is included.
- 5 and 10 year labor warranties offered.
- No credit check!
- No hidden charges!
- If you decide to sell your house, you may have the option to transfer your rental!
Rent to own HVAC units are definitely a smart choice for anyone who is considering buying their own unit. With a rent-to-own program from Atwood Rentals HVAC, the unit is yours at the end of the contract!
The Main Difference Between HVAC Leasing and Rent-to-Own
As we mentioned before, buying your own HVAC systems is a big commitment. That is why we want you to be prepared with as much information as possible to make the right decision towards purchasing a new HVAC system. The main difference between HVAC leasing and HVAC rent-to-own programs is simple, with standard HVAC leasing you don’t end up owning your unit at the end of your contract. Both of these options make a new unit possible in your home, without having to purchase an HVAC unit at full cost right away.
However, with a standard leasing program you do not get the benefits and maintenance that come along with a rent-to-own program with Atwood Rentals HVAC. The deciding question is which program will better suit your residential or commercial HVAC needs? Both have great benefits but ultimately, it will come down to your budget and the maintenance associated with the contract.
Why Choosing Atwood Rentals HVAC is a No-Brainer
If you’ve read this far, you can see why rent-to-own HVAC programs are the clear winner in this race! At Atwood Rentals HVAC, we have been helping homeowners afford heating and air conditioning no matter what their credit score or financial situation. Struggling with poor credit? There is no credit check required with Atwood Rentals HVAC.
Not only are our rent-to-own programs more affordable than standard leasing programs, but we offer a 5 year maintenance plan with every rent-to-own HVAC contract that is signed. We care about your home and comfort. We want to make sure that you receive outstanding service with any maintenance issues. Call Atwood Rentals HVAC today to begin your rent-to-own HVAC leasing program today! 833 RTO-HVAC (833-786-4822) or apply now!