Furnace/AC Rental
My brother just recently moved into a condo in Mississauga last year and this year needs to replace his A/C and furnace combo. Purchase and rental amount is the same: $11k. I almost fell of my chair when he sent me the quotes but said due to the way the condo is designed they are specific to the condo unit and not the same as what you would get for a regular home.
He does not have the cash to purchase & wanted to go the route of rental. Depreciation is 8.9%, with a 84 month term and can payout the rental at any time without any fee/penalty.
I have heard never do rent-to-own for your furnace but why?
He does not have the cash to purchase & wanted to go the route of rental. Depreciation is 8.9%, with a 84 month term and can payout the rental at any time without any fee/penalty.
I have heard never do rent-to-own for your furnace but why?