Furnace Rental Toronto

Is Renting Furnace a Good Idea?

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.

• If your furnace is old (which not only makes it likely to break-down, it also translates into inefficient), you will save at least $200-$300 annually on your gas bill. That is $20 per month on average, which can be subtracted from the low monthly rental fee to yield your real monthly cost.
• If your existing Air Conditioner is old, you will save $50 to $150 annually on your hydro bill – or $4 to $12 per month, which should be subtracted from the low monthly fee to obtain your net monthly cost.
• Remember that it costs consumers on average $100 annually to maintain furnace or A/C in good working condition throughout its lifetime. That means subtracting another $9 from the already low monthly fee to derive the net monthly cost.

Is It Better to Rent or Buy Furnace?

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.

What Else You Need to Consider Before Renting a Furnace in Toronto

Think About Indoor Air Quality
Some systems may not give you the air quality you deserve. To get the most out of your rental, consider getting systems with high-efficiency particulate air filters. Investing in a ventilator or an ultraviolet light system with the furnace can also increase safety and air quality.

Get Your Ducts Cleaned
A dirty ventilation system will prevent the proper functioning of the furnace system. Call a professional to clean the dust or other debris from the ventilation before the furnace installation. That is the best way of enhancing the performance of the new unit.

Do You Need To Replace Your AC?
If you bought a furnace more than a decade ago and are considering improving, pay attention to the air conditioning unit too. Failure to do so may lead to an incompatibility that eventually leads to more power consumption or improper furnace performance.

Affordable Furnace Rental in Toronto – Is Renting a Furnace Right for You?

Offering A Low monthly fee on the installation of the most Trusted global brand has now made renting much more feasible than ever before and you can also take advantage of all available HVAC rebates in the Greater Toronto Area.

However, you must analyze your preference, financial situation, and lifestyle before choosing furnace rental. For instance, if you can afford to pay the upfront fees for a new furnace and have enough money left over for maintenance or repairs, a new purchase may be the better option. At the same time, you cannot ignore the convenience that furnace and AC rental in our stocks provide. You can get a rental fireplace within 24 hours, with all the paperwork filled and signed.

How much to rent a furnace in Ontario

The prices differ according to the fuel type of the unit. The company you choose and the length of the agreement also determine the cost. However, the average rental range lies between $49.99 and $89.99 per month. It can be for a 15, 10, or 7-year term.

We give the best rental contracts in the region because we take pride in providing heating solutions in a worry-free manner. Please reach us for more details.