So once again I have heard from a senior lady that she was convinced to RENT her new furnace and air conditioning unit. The rental began 2 years ago and it was a 13 year old furnace that was replaced. The cost to buy out the rental if this lady were to sell her home will be a ridiculous $18,400! That is more than twice the cost of the furnace and a/c. Not only that, no buyer is going to want to assume that contract and continue to pay far too much for a furnace that probably didn't need to be replaced at all.
People come to my door all the time to "check the water tank" . Don't let these people in and don't let them see your bills. No one is going to show up at your door to fix your water heater or your furnace and air conditioning unit unless you have called them.
If you know someone who needs or wants a new furnace get them to look at all costs and look at the contract. It is far better to finance a purchase (with a fully OPEN loan) than to rent. Get several quotes and options and I would even suggest calling or going online to the Better Business Bureau and Consumer Affairs to see what kind of complaints have been filed.
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