Rent or Purchase Furnace?

[IreneP]

Hi we recently came across a choice whether to rent or purchase furnace. We live in Toronto and our house is about 2,000sq ft. Does anybody ave previous experience with Renting their furnace? Any suggestions?

[Ipad73]

i would say it all depends on whether you have the money to spend upfront or not. You can buy it but you’ll have to invest money, however if you rent you can buy it out anytime during rental as well. Of course it will be a little more expensive as that price typically includes your maintenace and service on rental equipment. Again it depends on your financial situation. Rental is great in a way that you dont have to worry about any repairs you are fully covered, but when you purchase it is your responsibility unless you buy some kind of extended warranty for parts and labor

[love4U]

I purchased mine and as ipad73 mentioned bought extended warranty which fully covers me for parts and labour, but i was also considering rent as thats a good idea if you are planning to sell your home anytime soon, rental normally is transfered under the new owners same as hot water heaters.

[PokerMan52]

If you are planning to live in this house for a while then buy it, you can get a very good quality furnace for a very good price, even this company Direct Home Ontario now has Amana furnaces for sale, i just had my furnace installed from them and got a very good deal much better than renting it for 10 yeard and paying double the price. And this Amana furnace gets you the rebate and a lifetime warranty on the unit, cant get better than that

[DHO Master]

There are many benefits of renting your furnace or air conditioner in Toronto, GTA. You will have full warranty on parts and labour on your equipment as long as you rent. You never have to pay a cent for a service or maintenance call! Billing is easy and simple and if you live in Toronto or GTA you can be billed under your Enbridge Gas distribution bill. You only have to pay monthly rental fee and if you decided to sell your home, you can even transfer the program to the new owner and never have to worry about it. Purchasing would make sense if you are planning to buy extended warranty for parts and labour to ensure you are fully protected.

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