Air conditioning is a must-have for Australians, but the cost can be prohibitive for many homeowners. Fortunately, there are financing options available to help you get the AC system you need without breaking the bank.
Depending on your credit, you may qualify for an interest free loan from your bank or credit union. This type of loan offers low rates and a longer repayment term than typical credit cards. However, you should keep in mind that the annual percentage rate (APR) can still be high, so it’s important to compare rates before choosing this option.
You can also purchase an HVAC system using a credit card with a 0% APR promotional period. This type of card is a good option for people who can pay off their balance in full before the promotion ends. If you are unable to do so, you should be prepared to pay the card’s regular interest rates, which can be quite high.
Another financing option for an HVAC system is a personal loan. These lump-sum installment loans typically offer terms ranging from 12 to 144 months and have varied interest rates depending on your credit score and other factors, such as income and debt. While personal loans are more expensive than the 0% APR credit card or HVAC company financing, they can provide flexibility and convenience for consumers with varying needs.
Some HVAC companies offer their own financing through in-house credit services. These lenders can connect you with a third-party lender or collect payments over time, which can make it easier to afford an energy efficient AC system. However, you should be aware that these loans can have higher interest rates than those from independent lenders and may come with additional fees or restrictions.
Other financial benefits of financing an HVAC system include rebates from your utility company and federal tax credits for high-efficiency systems. You can also look into state-based programs that may offer assistance with heating and cooling costs.
Rite Price uses Once Credit as their partner of choice for interest free purchases allowing you up to 1000 days interest free so you can buy the AC you need now and pay over a set number of months. Contact us today to learn more and see if an interest free program is right for you!
from Temper Troops https://ift.tt/sP1Up0A
No comments:
Post a Comment