Residential HVAC Replacement System Financing Options

The majority of Americans don’t have enough money to pay for their HVAC replacement system upfront. According to PowerPay, over 35% of homeowners search for financing options before starting the buying process. When your AC breaks down in the middle of a Tampa, FL summer and you don’t have the money for a new unit, it’s nice to know you still have options for staying cool and comfortable without breaking the bank. However, it’s important to understand the risks that come with financing. Here are a few HVAC financing options you might be considering for your next residential replacement system.

Personal Loans

Taking out a personal loan is one of the most common ways to finance your HVAC unit. If you are in an emergency situation and need money fast, this could be a good way to go. Personal loans are simple to apply for and one of the cheaper financing options if you have good credit. The downside? Personal loans can often come with high interest rates – especially if you have low credit.

Credit Cards

A credit card comes in handy when you need to purchase a household item without having money in the bank to do so. Not only that, but it can also help you build your credit history and improve your credit score. When choosing to go this route with your HVAC financing, make sure to look out for high interest rates and the length of introductory 0% APR offers.

Home Equity Loan

Home equity loans are another option for financing, although you should be careful when choosing to go this route. You could run into risks if you don’t pay the money back in the specific timeframe given to you. Not only could you incur fees and other unpredictable costs, but you could also run the risk of losing your home.

Contractor Financing

Many HVAC companies, like Acree Plumbing & Air, will offer financing options for customers who can’t pay for their heating and cooling system upfront. A lot of times, companies will partner with a lender to be able to offer in-house loans. If you can secure a low interest rate or 0% APR financing, this could be one of the better options for financing your HVAC unit.

At Acree, we understand that purchasing a new heating and cooling system is a significant financial investment. It’s our commitment to help you get the system you need at a price you can afford. Being comfortable in your own home shouldn’t be a financial burden. That being said, Acree offers several options to purchase your new product with convenient and affordable monthly payments.

Contact Acree Plumbing and Air For Financing Today!

Have any questions about our financing options? We are committed to providing Tampa, FL homeowners with the best service and products at competitive and affordable prices. Whether you have questions about our HVAC financing options or you need to schedule a service or repair, our team of experts are here to help anytime 7am-11pm, 7 days a week. Call us at (813) 524-6313 or contact us online today.