Published On: Fri, Feb 14th, 2014

The Pros And Cons Of Leasing Your Home Furnace

As most people reading this will be experiencing some pretty freakish weather at the moment, I thought it might be a good time to release an article detailing the pros and cons of renting a home furnace. This method of heating usually works out cheaper than modern electric and gas products, which means it’s something everyone should consider, especially if you’re struggling to make your energy payments at the end of the quarter. In places like the UK, heating via this means is almost obsolete, however, in the US and Australia (and most of the European continent) it’s still extremely popular. You’ll get to see why in a moment.

renting a home furnace

For whatever reason, the global climate has really had it in for us over the last couple of months. We’ve seen snow in some of the hottest countries on the planet, and hurricane force winds in most others. This means the chances of experiencing issues with electricity and gas lines are greatly increased at the moment, so making a backup plan is definitely a wise move – maybe a furnace isn’t such a bad idea after all. With that in mind, if you want to know a little more about the pros and cons of leasing over buying your furnace outright, read on…

The Pros Of Leasing Your Home Furnace

  • Low Initial Payment – Opting to lease your furnace from a specialist like Furnace Financing will likely mean you only have to pay a small monthly fee. This is beneficial because it means you can keep those savings safely stashed away in your bank account.

  • Scheduled Maintenance – As furnaces are quite dangerous when not looked after property, any company involved in leasing will see that yours undergoes regular maintenance to ensure it’s safe and in good working order.

  • Free or Cheap Installation – Though you might not realise it, installing a furnace can be very tricky, but so long as you’re leasing, someone else will deal with this for you.

The Cons Of Leasing Your Home Furnace

  • Buyout Cost – In most instances, you’ll be expected to take out a contract with the leasing company for a certain amount of time. This is fine, but if you come to sell your home during that period, you’ll be expected to buy out the rest of your contract, and this can be a pain.

  • Giving It Back – Leasing your furnace is the same as leasing a car. You’ll spend lots of money on fuel and then eventually have to give it back to the leasing company. That said; in temperatures like these; you have little choice if you can’t afford to buy your own heating system outright.

Well folks, there it is in black and white. I’m sure you can see from the information above there are many more benefits than drawbacks to leasing a furnace this year. At the end of the day, we all need to stay warm, and if your finances simply won’t cover the purchase of a heating system, this is the best solution available to you.

Catch you next time!