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High Efficiency Furnace? Rent vs. Buy

High Efficiency Furnace? Rent or Buy for $49/month call 310-4328

Buying a furnace can be costly and stressful. However, furnaces are extremely important during the winter months. Many people who don’t want to buy a furnace when their old one needs replacing opt to rent a furnace instead. While this might be a good option for some, often buying a furnace is the best option.

Buy a Furnace

  • Lower total cost and no long-term agreement
  • Protection plans and parts & labour warranties usually come with purchase
  • No agreements are transferred upon sale of home, means increase in home value
  • Upfront payment and available warranties
  • Higher initial price, but financing is an option

When trying to decide if you should Rent vs Buy, remember that you will eventually be paying more money for your furnace if you rent. A reason you should buy a furnace is the overall cost. While rental fees are constant, purchasing fees will end if you choose to buy. In this way, buying a furnace means that all the money you spend is ultimately going towards something you own, making it a better investment. Also when you own your own appliances, like furnaces and tankless water heaters, the value of your home actually increases. This is because the home provides appliances that will make its residents more healthy and comfortable. If you are hoping to sell your home for a profit, investing in furnaces in Toronto might be a good option for you, as it will boost your home’s value.

While you are deciding whether to buy or rent, feel free to contact Aire One for professional personalized advice. Aire One is family business with 9 local locations, serving homeowners heating and cooling needs for more than 28 years.

Rent a Furnace

  • Service costs are usually covered, but no choice in provider
  • No down payment option and fixed monthly fee
  • Long-term agreement
  • Higher total cost
  • Decreases home value due to transferable agreement
Remember that you can finance your new furnace if you choose to own for a shorter period of time. So, if you think that lower payments make more sense for you now, financing a furnace is a great option to keep your expenses down and still maintain great comfort in your home.
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