The winter season usually means snow and pumpkin spice latte. The summer season means barbeque and pool parties. You can’t control the fun weather outside, but you want some control inside. 

But what happens if your furnace is not working? Luckily, furnace financing can help you get a brand new furnace without breaking the bank. Continue reading to learn what to expect with furnace financing.

What Is Furnace Financing

HVAC financing refers to the process of obtaining a personal loan to pay for a new HVAC unit. You repay this loan in regular monthly installments over a certain period. 

Thus, HVAC financing enables you to get a new HVAC system when you need it. You don’t have to have funds to pay for it upfront. Financing is available for both ductless and conventional heating and air conditioning systems.

The Benefit of HVAC Financing?

The advantage of financing your new heating unit and air conditioner is that you may replace older, damaged equipment immediately. If your HVAC equipment fails during the winter, you may be exposed to dangerously low temperatures. On the other hand, if your air conditioner fails during the summer, you may be forced to endure uncomfortable or even hazardous high temperatures and humidity

In any case, your house will be unpleasant until the damaged unit is replaced. Without financing, you may have to wait many months before you can purchase a new HVAC system. 

Why Should You Apply for HVAC Financing?

Even if you have the cash on hand to pay for your new HVAC system in full, you may want to apply for financing. The following are a few reasons why:

You Do Not Want To Spend All of Your Money

You may need that money for another purpose. HVAC financing enables you to maintain a healthy bank account with funds set up for a rainy day.

Improve Your Credit

HVAC financing may enable you to improve your credit score. All you have to do is make on-time monthly payments.

Purchase What You Want

With an HVAC loan, you may be able to purchase the system you really want. You will not have to settle for the cheapest one available. While we take pleasure in delivering only the highest-quality HVAC systems, some are more costly than others.

What Credit Score Do You Need to Finance a Furnace?

Most lenders that finance HVAC systems will need a credit score in the mid to upper 600’s. However, if your credit score is lower than this, you may still qualify for an HVAC finance personal loan.

Additional Financing Options for Your New HVAC System

Direct HVAC finance and lease-to-own options are not the only HVAC financing alternatives available. You can consider air conditioner rental.

If you utilize an external lender, some heating and cooling companies may replace your unit. For instance, you may want to use a home equity loan or line of credit. Additionally, you may get a personal loan from your bank or another lender via special financing.

Furnace Rent To Own

There are affordable furnace rental contracts available. While the homeowner pays a monthly charge to utilize the equipment in their home, the rental business retains ownership of the furnace.

In other words, the monthly rental charge does not contribute to the furnace’s amortization. At the end of the contract, the homeowner usually has three options:

  • Renegotiate the leasing agreement and reset the contract’s clock
  • Pay a separate buyout price to acquire the furnace
  • Pay a removal charge to have the furnace removed from the residence

People who consider air conditioner rent to own or heater rent to own often do so to save money.

What To Consider When Shopping for HVAC Financing?

When shopping for HVAC financing, it’s best to check out multiple alternatives. Consider what we have to offer and how it stacks up against the competition. Consider the:

  • Interest rate
  • Repayment period 
  • Monthly payment amount
  • Any related costs

Whichever route you choose, we can install your new HVAC system!

What Is the Cost of Furnace Financing?

The precise cost of your new HVAC unit may depend on several factors. Financing enables you to purchase the device with little or no upfront expenses.

Bear in mind that funding is not free. Interest is how lenders earn money. The higher your credit score is, the cheaper your interest rate will be. Factors that may influence your interest rate include the loan’s size and payback duration.

Furnace and Air Conditioning Options for Homeowners

You’ll want to examine two primary types of HVAC systems. Both are pretty impressive, but it depends on your needs. Here are the two types:


With a conventional furnace or air conditioning system, you’ll have an outside unit connected to your house through ductwork. Using the furnace’s blower, the warm or cold air is pushed through the vents in your house. You will use a central thermostat to regulate the temperature.


Ductless units are ideal for older houses that lack ductwork. Adding ducts to an older house may be a big undertaking. Rather than that, ductless units may be installed in separate rooms to offer zone-controlled cooling. 

Each ductless unit is linked to a separate outside unit through a small hole in the wall. You may regulate the units individually to maintain the desired temperature in each section of your house.

Do You Need To Replace Your Heating and Cooling Unit?

Some HVAC providers will immediately suggest replacement. This is because it’s a large project that will cost a lot of money. You may only need a simple repair, which is often more affordable. 

Here are indications that you need to replace your heating and cooling unit:

  • The cost to maintain the unit is very costly
  • The air quality in your house has degraded significantly
  • The unit is outdated and cannot be repaired or cleaned

Replacing your unit makes sense only if it is the least costly way to ensure proper operation and air quality in your house.

Where to get HVAC Financing?

If you decide on furnace financing, we will guide you through the procedure. We want you to be informed. Otherwise, you risk spending too much money on a system that is not suitable for you.

Are you prepared to learn more? Contact us today for heating and air conditioning services.

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