These days you can rent just about anything, including HVAC equipment. While renting HVAC equipment has been more common in industry than in residential settings, in recent years, the practice has grown.
Here are some of the advantages of renting as opposed to purchasing HVAC equipment outright.
Renting Your Next HVAC System
Purchase of HVAC equipment is a major outlay. You will be deciding whether to plop down the cost of the system outright, or finance it. Financing will ease the pain of purchasing the system, but comes with interest payments.
And it’s not only the cost of the equipment you have to factor in. Choosing the right system can be daunting, as is the homeowner’s responsibility to get it all right, from choosing the unit with the correct cooling and heating capacity, to making sure the warranty will provide you with comprehensive coverage. Plus, when you buy an HVAC system, you will be responsible for repairs and maintenance. You will not be able to choose just any HVAC contractor, but will be obligated to hire a company that will not invalidate the warranty.
When Renting HVAC Equipment Makes Sense
It can make sense to consider renting air conditioning and/or heating equipment, particularly if you plan to occupy the home for just a short time or if your budget simply won’t stretch to cover another major purchase. After all, it’s not just the cost of the equipment you’re faced with, but also the installation costs, and down the line, maintenance and repairs.
Generally when you rent a unit, the costs of installation, maintenance and repairs, replacement filters and the option to renew with perks are all included in the rental agreement.
As a renter of HVAC equipment, you should have a clear understanding of what your rental fee includes. Also, what if you must get out of your contract early (perhaps you will have to move for a job)? Is there an early termination penalty?
Talk to your HVAC consultant about the pros and cons of renting HVAC equipment. Call Air Assurance. We serve Broken Arrow and the surrounding area.
Our goal is to help educate our customers in the Tulsa and Broken Arrow, Oklahoma area about energy and home comfort issues (specific to HVAC systems). For more information about other HVAC topics, download our free Home Comfort Guide or call us at 918-217-8273.