When your home’s less comfortable than usual you’ll take any steps necessary to correct it. Sometimes it’s as simple as adding a new couch. Other times it’s a slog to get through the day because your air conditioning doesn’t work.
If you’re struggling with the latter, good news. HVAC financing is a great way to get you what you need. Appliances can be expensive, after all, and you don’t want to wait until summer’s over before getting a better heating and cooling system. You can apply this same logic to financing for furniture or financing electronics. The sky’s the limit when it comes to decking your house out in all the latest technology.
Not sure where to go next? Let’s take a look at what goes into HVAC financing and what it means for your home.
Defining Credit Card Debt Today
It’s understandable to worry about things like finance options. You probably have enough debt on your plate already! Today Americans have a collective $1 trillion in credit card debt (that’s as many as 155 million people). Combine this with a recent study that a mere 30% of Americans have an established long-term financial plan that covers investments and finance options just seem like a disaster. When you need good technology as soon as possible, however, financing can be a great way to expand your options.
What It Means To Finance Appliances
Let’s say you really want a new air conditioning system this year, but don’t have quite the money you need. What are your options to start enjoying a cooler home this summer? HVAC financing is how you ‘lease purchase’ — in other words, set up a payment plan that allows you to enjoy your purchase early. Today’s HVAC systems have an average lifespan of 10 to 12 years, though they can really start showing their age at the eight year mark. If you’re waiting far too long for your room to cool down (or notice your indoor air is very muggy), it’s time for a replacement.
Reducing Your Monthly Energy Bills
HVAC financing doesn’t just give you a more comfortable home. You also get to enjoy a home with cleaner air and lower monthly bills. How’s that for motivation? Energy Star certified appliances go the extra mile to make sure you’re getting your money’s worth, using between 10% and 50% less energy than standard appliances. When you swap out your old, clunky HVAC system for a new model you’ll be gaining all of the above benefits.
Rebuilding Credit To Improve Options
You might be curious about what a low credit score can do to affect your HVAC financing. A 2016 study found around 20% of Americans have a score ranging from 800 to 850, though the latter is very rare. The better your credit score, the better your chances at being offered loans for homes, furniture, and cars, among other things. No credit needed financing is an option you can seek out if you’re running low on options, however. Reach out to a professional and ask them a few questions so no nasty surprises come your way!
Choosing Where To Start Financing First
Should you go straight for HVAC financing or start simpler with a flexible lease purchase for furniture? This is all up to you and what you hope to enjoy as soon as possible. Swapping out your air conditioning system is highly recommended because of all the financial and health benefits — efficient systems require maintenance at least twice a year if you want them to work right. Talk to a professional about appliance financing and what it means for you. You might be surprised by how many more options you have.
Enjoy the summer in style. Look into HVAC financing to get you the house you need as soon as possible.