Intro to Financing

Thank you for taking the time to learn more about financing. When we are talking about upgrading your Furnace or Air Conditioner, it is usually on unexpected terms. We have so much we have to worry about while owning a home, and it is hard to save for it. The great news is the makers of these appliances and products know this. We are so fortunate that the two main brands we sell for Heating & Cooling products, Amana and York, have partnered with very well established financing companies. They use their buying power and get rates down low to make your life and our lives easier.

As a contractor, we have picked out plans with each financial service to offer to you. We pick sensible options that keep interest rates low and your overall job cost as low as possible. Depending on the equipment you purchase, it will determine the financing provider that we are going to work with.

Why would I finance?

As we are getting out of the pandemic, we continue to see companies raise prices over and over. We have seen the same happen with the products we buy. When you finance you are able to spread out the payments into something way more manageable in your budget. Instead of putting it all on a credit card and paying crazy high fees like 24% APR, we have a mix of programs that have no APR if paid off within 6-24 months (depending on the plan), or longer plans from 5.99 to 9.99% APR with minimum monthly payments. The manufacturer helps pay for the back end costs of offering these plans so we can extend way better terms to our customers.

None of these plans have any pre payment penalties, so if you want to pay something off sooner you can!

Are there "Gotchas?"

That is a great question! There are important things everyone should know about financing, so that they don't pay more in fees!

• If you are financing a "No Payments, No Interest for X months" this means you must pay in full before the time runs out. If you do not, you will be charged a high penalty interest rate from day one. If you pick this option it is best to just plan and pay it off a week or two in advance so you do not have any penalty interest added. We do not want to see this happen, ever!
• We cannot stress this enough, add the payment reminders on a calendar. Time gets away from all of us. Be sure to set up automatic payments if you can, and be sure you're on the track to pay off your investment as quick as possible.

It is important to read what you're applying for, and the truth in lending act requires the companies to lay it out in a template that should disclose what their fees and rates are. Take your time, nobody should be rushing you through this!

Will this show up on my credit report?

When you apply for a line of credit it will register as a hard-inquiries as you are seeking a credit line. More information about a hard pull and general credit report questions can be answered on this page from Experian or Nerd Wallet. A hard inquiry will have a negative effect on your credit report, for a few months at least. They should fall off after 2 years. Having the credit line will also appear on your credit report, which will raise your credit utilization, and temporarily lower your credit score. As it's paid off it will continue to go back up.

What is the typical process for financing?

Usually customers who finance set up an estimate first. Our estimator will stop at the house, and their main goal is to get measurements so they offer the right sized equipment for your home. They will offer an quote for various equipment (with no pressure promise!). Look at the equipment and financing options available on the equipment. Once you know what you're interested in, you can talk to your estimator or go to our online application page for the financing option you want.

I have questions, who do I talk to?

We are always here for you if you have questions. If you want to call our office 920-734-1436 during the day, our estimators Steve & Anthony can help you out, as well as Dan & Marc in our office. Just let the person who know answers the phone that you have questions on our financing and we will get you over to someone who works with financing.

You can also reach out to us via email, [email protected]. Unless emergency we typically do not respond outside of business hours, as we encourage our employees to have a healthy work/life balance.