When deciding to rent or purchase your furnace, you may wonder what the differences between each option are.
Benefits of Renting
A furnace rental would begin by signing a long-term contract with a specific monthly rate based on the length of the contract. This method means less upfront costs for the unit and rather a lower monthly payment over a period of time. In addition, you do not need to worry about the potential costs for repairs as this would be included in your rental agreement.
Benefits of Owning
Choosing to own your furnace can become an asset when selling your home or business. However, the cost upfront for the furnace unit, materials, and labour can be high due to high intensity of the installation. You will also be responsible for scheduling regular maintenance and for the costs that may arise from repairs through the lifespan of the furnace.