Furnace Rental Toronto

Renting a furnace or an air conditioning system in the Greater Toronto Area is becoming more popular as the HVAC Rental market has gradually and steadily been growing. However, the reality is that previous to the introduction of our Low-Monthly HVAC Rental Plan, not only we were not at all a fan of the HVAC rental market, we actually never recommended renting. Why you ask?

One simple reason! HVAC rental rates were and are often still very high… With most rental plans at $69.99 per month, consumer would end up paying up to quadruple the market value of the installed (usually a low-end brand and model) unit. When it comes to renting, most rental programs have been offering the most basic furnace and air conditioner model for rent. In short, there was only one clear winner in the aformentioned rental programs and it definitely was not the consumer!
Moreover, consumers that signed up to pay a rental fee of $69.99 on a monthly basis, most likely failed to shop around and did not realize that they can also own and finance the same deal for a period of ten years, and pay about $30 per month.
It’s possible that they may have found the 10 year parts and labour warranty feature of the rental agreement quite attractive. If so, chances are they were not aware that you can always buy a 10 year labour warranty plan to cover the installed unit (that most probably already is backed by a 10 year manufacturer parts warranty) and expect to pay anywhere from $6 to $15 more per month. With much higher rates on much lower model HVAC equipment, consumers were basically expected to pay much higher monthly fees for a rental agreement as opposed to a 10 year financing agreement on the same equiment, both deals including a 10 year parts and labour warranty plan.

Here is the Great News! You can now expect to pay anywhere from $35 to $45 per month (depending on your choice of installed furnace model and size) for the rental of a Carrier furnace or a Carrier air conditioner. This amazingly affordable rate is based on monthly payment with a 10 year term (120 payments) and includes a 10 year parts and labour warranty, where the renter client becomes the lawful owner after the 10 year term.

Furnace and AC rental is a perfect alternative for people experiencing financial difficulties and cannot afford to pay for a new heating or cooling system. Nevertheless, you must still weigh your options carefully when considering renting one. That means comparing the pros and cons of renting a furnace with the buying option and making sure the rental contract you are getting is beneficial. In most cases, furnace rental contracts are inclusive of possible repairs or maintenance. You cannot be liable if the unit breaks down or stops functioning properly. That is the main advantage of rental, but you must still consider the long-term cost-effectiveness that you might enjoy when you buy one instead.

Benefits of buying a furnace

Higher efficiency of an unused unit

The main benefit of buying a furnace is energy conservation. Many brands are making new units suitable for modern demands and implementing the best measures to ensure they use as little fuel as possible. That provides the opportunity to participate in government rebates and money-back incentives that can save a lot of money in the long run.

Discounts and promotional savings

Taking advantage of promotions and offers with new fireplaces is more straightforward than it is with rentals. First, you can check the brand you are interested in to ensure you get the ultimate value for your money.

Assurance

Although you pay more money upfront, owning the unit for good brings some comfort.

The rental costs usually include installation fees, reducing the upfront costs significantly. The option does not require a down payment either.

Easy budgeting

You enjoy warmth and comfort at a predictable fee that you can easily budget for every month.

Extra services

Some companies offer unlimited service calls for furnace rental, while others have protection plans for servicing and repairs.

Rebates

It is possible to rent the newest model to increase energy savings. That means you may be eligible for government rebates.

Convenience

The rental process is quick and easy. You can still buy a unit when you have the financial capacity to do so.