How Poor Credit Can Affect Your HVAC Purchase Choices

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How Bad Credit Can Affect Your Lease to Purchase Program

How Poor Credit Can Affect Your HVAC Purchase Choices

Few people have the money to buy a new HVAC unit out-of-pocket. If you happen to have bad credit, buying an HVAC system might be difficult. A simpler option is lease purchasing an HVAC unit. Here are a few things to consider when lease purchasing, and how a bad FICO assessment can influence your HVAC purchase choices. 

HVAC Costs and Poor Credit: What You Need to Know

When you try to purchase an HVAC system on credit, you’re going to have a hard time if you have a low credit score. These are the things that can be impacted when you have a score below 700, even if you’re approved for the initial loan:

Down Payment

Your down payment requirement may be different — which also means, “more than you were hoping to spend.” To get the monthly payment you are comfortable with, you may be asked to pay a significant amount of money upfront.

Interest Rate

When you have a poor credit score, the interest rate for your credit loan will be negatively affected as well. With low scores come high interest rates. This means you’ll end up paying more than the original asking price by the time the deal is finished.


Getting a co-applicant is the next requirement for applicants with poor credit scores, but this can bring another type of stress into the applicant’s life: finding someone who both trusts them and has the credit score needed for approval. This can put a real strain on relationships, not to mention drag down a person’s pride and sense of self.

Different Options for Getting a New HVAC System with Poor Credit

With our lease purchase HVAC program, you don’t have to worry about your credit score. Our online application doesn’t take your credit score into account.

At the point when you decide to lease purchase an HVAC unit, you’re basically consenting to lease it for a fixed number of months. 36 months is commonplace. This comes with the understanding that you’ll return it to the vendor in “like-new” condition should you be unable to complete your payment period with on-time, full-balance payments.

You may need a co-applicant for other reasons, but on the whole, you can rest assured that you’ll be approved for our lease purchase program. This means that you can get that new HVAC system you need today.

About Microf

Microf was set up in 2010 to accommodate the interest for affordable financing for HVAC units. Using flexible payment options to replace an old, less efficient unit allows customers to make monthly payments with a guaranteed purchase option. Start our simple application process now to begin your pre-qualification!

We keep on building up our contribution with the new adaptable money related arrangements application. Regardless of whether your need is a low, regularly scheduled installment, the length of the term, the all out expense of proprietorship, or conceded installment, our answers were intended for purchasers over an expansive credit range.

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