Renting Vs Owning Your Water Heater
Discover the benefits of owning your water heater equipment
Are you renting a water heater or HVAC equipment?
We recommend starting with our rental calculator to find out how much your current rental equipment has cost you, or will cost you in the future. The result may surprise you!
Note: The renting calculator does not compensate for gradually increased rental fees; therefore your actual result may be higher than shown!
At Platinum Air Care we encourage ownership of your HVAC and water heater equipment, and we make it easy to do by offering affordable prices and financing options that include extended warranties.
Our financing can closely rival the cost of your rental monthly payment - and the included extended warranty will give you the peace of mind you get from renting your water heater; without the extra long-term costs associated with renting.
Renting ranges from all kinds of home equipment; from renting your water tank, tankless water heater, furnace, air conditioner, and even your air purifier, water softener, fridge, and so much more.
Platinum Air Care does not, and has not offered rental agreements or rental options to our customers. It’s cheaper and more efficient to own your water heater. Here’s why:
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What the water heater rental companies don’t want you to know:
Rental rates are always increasing, but your rental company does not upgrade your water heater when it is past its estimated lifespan. Even at your request, rental companies will not upgrade your water heater if it is 10 to 15 years old or more.
Your rental contract is locked in. From existing homeowners to new ones; most people have no idea that their home came with a long-term rental commitment.
Rental companies only fix and repair the water heater; now that might sound obvious, but if the issue is something connected to the water heater (venting or piping) it is usually not covered, and many rental customers end up paying for water heater repair even while renting.
Some companies force an over-priced buyout of your water heater at the end of your rental term; forcing you to either buy the old water heater at an unreasonable price, return the unit with account closure fees, or renew the contract with the same old equipment for a long period of time.
New homeowners are unaware that when purchasing their home, the previous owner had a rental contract that they are inheriting; and that the rental contract is tied to a lien to their home. This means that if you default on payments, the rental company is allowed to get their money through the equity tied to your home.
Not only that, when you buy a home it typically comes with an old and outdated water heater as well. When we make customers aware of this; they are outraged! Even our standard financing options to own your water heater do not place a lien on your home.
Hot water tanks, and HVAC equipment, in general, deteriorate over time and the efficiency decreases. There is nothing wrong with keeping your water heater 10 to 15 years or more if it is working well when you own it, but why would you pay your rental company for an old and inefficient water heater?
Even on newly built houses; many builders now have their own side rental company to automatically place rental HVAC and water heater equipment to the new homeowner. When building your home, did your home builder make you aware of your options? In our experience, they do not because it makes the purchase price seem lower.
HVAC rental companies just don’t have your best interests at heart. Renting is a lucrative business and the well-known companies are multi-billion dollar giants; the results speak for themselves.
The benefits of OWNING vs RENTING your water heater equipment
Experience the PROS of owning your water heater:
Our financing closely rivals or beats renting prices; helping you own your equipment
When financing: your payments do not increase over time; unlike rental payments
Quality HVAC companies offer included extended warranties; why rent when great warranty coverage will provide you with a long-term guarantee?
A new water heater means the latest technology and ENERGY STAR® efficiency that will help keep your energy bill low
Owning your water heater doesn’t mean you compromise on quality; it’s actually the reverse!
SAVE MONEY over the life span of your water heater; on average customers could have saved well over $2,000 in a 15-year span if they owned their water heater
The water heater in your home is an asset rather than a liability when selling the home
Don’t worry about canceling your contract; RELAX while we help you through it and can dispose of or return your old equipment at no extra charge
Know the CONS of renting your water heater:
Most rental companies put a LIEN on your home to secure themselves - we use financing companies that do not!
Monthly Payments - FOREVER
You pay for builder grade, outdated, and in some cases even used water heaters; this way the renting companies make more money
Getting out of rental agreements can be a pain; expensive buyouts, account closure fees, and more - luckily Platinum Air Care can help!
Over time renting fees increase, however, your water heater rental becomes older and less efficient; which also adds to your energy bill.
Renting is a commitment and usually comes in long-term rental contracts which are hard to escape unless paid to get out of. Rental companies make it their goal to keep you renting forever.
When it comes to renting or buying water heaters, there's really only one choice.
Owning is more cost-effective than renting because when renting, you will be charged for wear-and-tear on the unit.
But that is not to say renting does not have its benefits; we just believe in most cases you should own your water heater, and that’s why we make buying your new water heater affordable and easy to do - while including extended warranties to completely rival and defeat the purpose of renting your water heater.
Stop worrying about endless rental bills, and become worry-free with efficient equipment!
Know the facts
Water heaters are can be expensive to purchase, but the price can be insignificant compared to traditional rental contracts. Know your facts before you make a decision, and if you decide to rent - read your contract thoroughly.
Best for your wallet
Buy or Rent? It is a myth that renting is cheaper upfront because of great financing options available, but regardless, if that was true you still will end up paying more over time because of increased rates and fees. With Platinum Air Care, you get a free return of your old equipment and no hidden fees!
Save money in the long term
You have enough subscription services such as Netflix and Disney+. Rental payments are just another form of subscription service; except with a long-term commitment.
Save time and money by owning with us because we take care of any issues that may arise. Our coverage provides you with the peace of mind that you get from renting, without the endless payments.
What about after the warranty expires?
By the time your warranty expires on a quality unit, the water heater cost should have paid for itself and you have saved a good amount of money just from owning it.
If you want continued coverage after your warranty has expired, you should consider a maintenance and protection plan. Just remember every company is different on maintenance plans, so double-check the coverage before signing up.
Caring for your needs
We make it our top priority to deliver excellent customer service when it comes to selecting, installing, and maintaining your water heater, so you never have to worry about supplying your family with clean and hot water all while getting a good deal (especially compared to renting).
Choose Platinum Air Care for your next water heater
Water heaters should be replaced every 10-20 years depending on the quality and well keeping of the unit. At this point, we have frequently come across rented water heaters that are well over 20 years old. That's a lot of time and money wasted - all for something you don't get to own. With Platinum Air Care you can get a free return of equipment and get your water heater delivered and installed today.
Save on water heating costs
Water heating is often one of the largest expenses in your home, so saving money on it is important! When customers buy an ENERGY STAR® high-efficiency water heater from us, they typically immediately see a reduced cost in their energy bill each month.
Save on installation costs
Our technicians will come out and perform the installation for you and take care of everything - all while giving you the reliability of a professional company and the flexibility of an affordable financing monthly payment.
We have all the options
Water heating comes in many different sizes and forms. From the traditional tank water heater to tankless water heaters that provide an endless supply of hot water, we have the options you need.
Let us help
Platinum Air Care has helped customers in South Western Ontario with owning their water heater and HVAC equipment. If you need advice on what you can do regarding your rental contract, give us a call or email and we will be happy to help!
Are you ready to make the step from renting to owning your hot water heater?
We can help! Call (519) 686-3595 or Toll Free 1 (877) 339-4701
