When an old central air conditioner can no longer be repaired, the homeowners may have to figure out a way to pay for a new one. Not everyone has that much money in savings, especially if they are living paycheck to paycheck. People may begin brainstorming creative ways to come up with cash to pay for new AC Units in New Haven IN.
Third-Party Financing
Financing may be an option. Many contractors offer third-party financing so customers don’t have to wait. Usually, they do not offer payment arrangements from their own company, however, since they run a small business and are not equipped to provide financing this way. The customers will need a high enough credit score to qualify, but these financing lenders typically approve individuals with fair credit. If these men and women are already struggling to make ends meet, they’ll have to be absolutely certain they can make the monthly payments.
Some financing companies offer an arrangement of six to 12 months with no interest on central AC Units in New Haven IN. That can allow the customer to pay off the loan, or at least most of it, before accrued interest would start being charged.
Zero-Percent Interest Credit Card
Another no-interest possibility would be to acquire a new credit card with an introductory zero percent interest rate. Most of these introductory periods last 12 months, but some are as long as 21 months. They generally require good credit.
Tax Credits and Rebates
Asking questions of the customer service representative and doing some online research can help save money. Sometimes, the state or federal government offers tax credits or rebates for property owners installing new, high-efficiency equipment. That will also reduce electricity use.
Planning Ahead
In some cases, households can plan ahead to have their new central air installed by a contractor such as Brockman Heating & Air Conditioning. They might start saving in fall, squirreling away money in a special account every payday so they have most or all of the money available by the time summer arrives. If someone can pick up just a little extra work, that income might help fund the installation of the new appliance.
