Monday Mar 27, 2023
Is Financing A Good Option When Replacing My Furnace Or Air Conditioning System?
"There's financing options for a low couple dollars more a month.
You can throw that into your system replacement and for a couple more bucks a month."
- Bruce Gammon, Heating & Cooling Expert
Is financing a good option for you? Well, if you need a new heating and air conditioning system is just may be the ticket to immediate comfort. Bruce Gammon from Gammon's Heating & Cooling discusses this with Jim Klauck - AKA - Check A Pro Joe on this podcast.
Check out this episode of Gammon's Heating & Cooling Podcast to find out more about proper sizing of air conditioning units in you home ...
For more information about Gammon's Heating & Cooling in Saco, Maine - log on to Gammon's Heating & Air or check them out at www.checkapro.com.
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You Can Call Anytime: (207) 286-3400.
Podcast Episode Transcript:
This comes up a lot financing.
Should I finance my new air conditioning system?
My heat pump,
my furnace.
Do I need to wait to save up for it?
That's a good question.
So,
I've asked an expert in the air conditioning and heating world.
His name is Bruce Gammon.
He's in Maine and he,
he's just a guy who knows everything.
So I brought him onto the program today as the expert.
Hey,
Bruce,
how are you today,
buddy?
I'm good,
Joe.
I'm not sure about the everything part,
but,
um,
we can help a little bit as we can.
So we would be living in very small homes and driving modest cars if it wasn't for financing,
that's what we tend to do.
But what's interesting is a lot of people will say I really don't want to do that home improvement project unless I can pay cash.
Uh,
but that's not always the case.
Right?
Sometimes it's a good idea to finance.
Sure.
So that's right.
And,
and there's a lot of people out there that do wanna save up and they wanna pay cash.
And my,
I guess my response to that is,
you know,
you have this system that you have now that you're heating or you're cooling your home with.
And that system operating cost may very well indeed,
outweigh the cost of a monthly payment to put a new system in and financing.
You know,
that's a good point,
Bruce,
you're already paying the utility company over time.
Right.
Wouldn't it be nice to have a worry free system?
So,
if,
if you're heating and air conditioning system,
your heat pump,
whatever you're using to have comfort in your home is getting on in years.
10, 12, 15.
God forbid,
20, 25 years,
which it could be in some systems,
you know,
can last that long,
especially a heating system.
Well,
wouldn't you like the peace of mind knowing that just for a few dollars a month,
you've got the latest and greatest thing and you don't have to wake up to a cold bathroom floor.
Absolutely.
And you know,
the other benefit to the financing is this,
there's,
there's other things in that system that we could add to that system to help,
uh,
improve the air quality of the home or things like the bathroom floors to get them warm that people don't have the cash flow.
But hey,
there's,
there's financing options for a low couple dollars more a month.
You can throw that into your system replacement and for a couple more bucks a month,
you know,
you can make a payment on it and afford it.
It makes things affordable if you're rolling around in that new Chevy suburban.
Hm.
It's probably financed.
And that nice new home probably is maybe for 30 years.
Why not?
For a short period of time?
Finance a brand new heating and air conditioning system because I've said this before on the program,
we spend 30% of our time in our beds,
which means we spend at least 30% of our time in our homes.
Probably a lot more than that if we added it up,
even though we think we work more than we are at home is probably not true.
We're at home more than we work and that's probably two thirds of the time.
So you may as well be comfort with,
uh,
you may as well be comfortable with a home comfort system,
which is your air conditioning heating system,
Bruce as always.
Thank you so much for your time today.
It's been great advice from an expert such as you.
Thank you,
Joe.