Imagine: it’s mid-summer, creeping up on triple digits, and your air conditioning unit dies. It just dies. Quits working. No more air conditioning, no more cool air to combat the summer heat and keep your home comfortable. No more anything.
So you call a heating and cooling company to come take a look and they validate what you already knew – it’s time you purchased a new AC system. And then they tell you something you didn’t know – your new air conditioner is going to cost more than you imagined, ranging from $7,000 to $70,000, factoring in the type of air conditioning system(s) you prefer, the style of home(s) you have, and the type of energy source you’d like.
Okay, what now? Spend the season soaking in sweat and blowing fans over ice? Or shell out all your savings (and maybe sell an organ) to cover the cost of a new air conditioner?
But what if there was another option? Enter financing.
It’s been reported that over 65% of homeowners considering taking on a home improvement project are planning on financing their project. When you remember that the standard consumer in the United States has no more than $5,000 they can get ahold of, it makes total sense. So when life happens and things die, and unexpected expenses such as an AC repair or replacement is mandatory, it is crucial that we have affordable financing options available.
At Midway Services we have multiple financing options for homeowners looking to replace their heaters or air conditioners. The first category of options are a part of our promotional financing programs, which include no interest or deferred interest. Promotional consumers are those that will most likely have the available money to pay off the loan short term, typically within twelve months with no interest charges, so long as the amount financed is totally paid off during or before the promotional period expires.
Midway Services also offers financing options with a lower monthly fixed payment and a decent interest rate. This is for consumers who may not have the full amount as quickly but can afford a lower cost every month. A typical program includes a 7.99% APR for either 60 or 120 months. A new, high efficiency heating and air conditioning system can cost upwards of $10,000. Choosing the 7.99% 120 month loan option can cost as little as $121/month. This payment schedule makes a new heating and cooling system more affordable, while also investing in an efficient system that will help reduce energy bills while supplying home comfort.
The financing programs at Midway Services are as follows:
- Low monthly payments
- No down payment
- No annual fees
- No prepayment penalties
- Competitive interest rates
With so many choices, why wait? Call Midway Services today for a free in-home home comfort analysis and we will help you decide which heating and cooling system is right for your home AND which financing option works best for your life. We can’t wait to work with you!