When purchasing an A/C system manufactured by a reputable company, it most likely is installed with an extensive warranty. The manufacturers of most air-conditioning and heating units will provide coverage on the A/C compressor, and associated parts of the unit’s critical high-quality equipment, for upwards of 10 years with additional two years coverage on labor. Licensed, A/C installer will sometimes offer an extended warranty on their labor. There are extended warranties available to handle A/C repair issues once the original warranty has expired. The value of any available extended warranty on an air-conditioning unit is dependent on its coverage. To be a worthwhile investment, the unit would likely need to break within a pre-determined time, after the original warranty has expired, a before the expiration of the extended warranty. Sometimes, air-conditioning units that are older than 10 years that experience mechanical issues are less likely to have the energy efficiency of newer models, even when operating properly.
AC-Plus always tries to help our customers with the right decisions when it comes to service, repairs or replacement of their Air Conditioning and Heating System. We go through a detailed checklist to identify the home’s existing system and any improvements that could be made with the best choice as to repair or replace and we offer finance options to assist in that choice. Most products and services people buy or hire come with automatic consumer guarantees goods or services work and do what they claim to do. A warranty is different. It is a voluntary promise to consumer from the seller, manufacturer or supplier. Warranties are separate but they don’t replace consumer guarantees.
Consumer guarantees outline a set of rights and responsibilities for products that consumers buy.
- be of acceptable quality
- match the description, sample or demonstration model
- be fit for their intended purpose
- have clear title, unless stated otherwise
- have no money owed on it
- have the right to be kept without someone taking the product or stopping the buyer from using it.
These rights are valid for a ‘reasonable time’, depending on the quality and type of goods.
A warranty is a promise from the seller or manufacturer. Once the consumer buys the product or service, the promise becomes a consumer right. Warranties are separate from consumer guarantees. They don’t replace them. For the most part, manufacturers usually include coverage on the compressor, condenser, connecting tubing, the evaporator, and refrigerant charge. Usually, the coverage also includes the labor necessary for replacement or repair. The consumer has the right to cancel his order and will receive a refund 30 days after the order was placed. Replacement parts and products assume the remaining original warranty, or thirty (30) days, whichever is longer. All non-factory replacement parts can cause the product to operate erratically or not at all and may cause damage to the product and related equipment (e.g. the charger).Please also note that the Warranty is restricted to the country where you originally bought the product.
AC-Plus typically warranties all their work for 1 year on repairs and 2 years on new installations. Manufacturers today on residential installations warranty their parts and equipment for 10 years or longer with registration and offer 10-year full service warranties for a reasonable yet additional cost. Your credit provider may authorise a credit to your (credit) account known as a chargeback if you have not received goods or services or if there is a breach of a consumer guarantee. Contact your credit card provider to apply for a refund if you have paid for goods or services using that card, or pressed ‘credit’ when using a debit card – it doesn’t matter if the business is no longer operating. There are often time limits to dispute the transaction.
Banking and managing money keeps getting easier and easier. Personal finance apps help us remember to pay bills, keep an eye on account balances, and stay within our budgets things we need to do daily and for which we often need reminders. The automation available in today’s personal finance apps is astounding. Some apps can consolidate all your transactions across multiple credit cards and bank accounts into one view. You can see all the transactions that happen across all your accounts, and get a tally of all your balances:
The Debt-Equity Ratio helps in determining the effectiveness of the financing decision made by the company. While taking the financial decisions, the finance manager has to take the following points into consideration:
- The Risk involved in raising the funds. The risk is higher in the case of debt as compared to the equity.
- The Cost involved in raising the funds. The manager chose the source with minimum cost.
- The Level of Control, the shareholders, want in the organization also determines the composition of capital structure. They usually prefer the borrowed funds since it does not dilute the ownership.
- The Cash Flow from the operations of the business also determines the source from where the funds shall be raised. High cash flow enables to borrow debt as interest can be easily paid.
- The Floatation Cost such as broker’s commission, underwriters fee, involved in raising the securities also determines the source of fund. Thus, securities with minimum cost must be chosen.
Thus, a company should make a judicious decision regarding from where, when, how the funds shall be raised, since, more use of equity will result in the dilution of ownership and whereas, higher debt results in higher risk, as fixed cost in the form of interest is to be paid on the borrowed funds. AC-Plus has recently offered financing to customers through a 3rd party “Payzer”, who in turn uses various lenders and in my case they have partnered me with GreenSky. I can offer financing on repairs and replacements $ 1500.00 thru $ 12,000.00 depending on credit approval. I have chosen two plans to offer my customers a promotional Plan 3128 “ 12 month deferred payment interest plan “ followed by 84 amortized payments based on the balance at the end of the promo. Example monthly payments of $ 197.20 on $ 8,500.00. Another plan # 1969 has a APR 9.99 % for 96 months with a payment of $ 133.45 on a job financed for $ 8500.00
AC-Plus always tries to help our customers with the right decisions when it comes to service, repairs or replacement of their Air Conditioning and Heating System. We go through a detailed checklist to identify the home’s existing system and any improvements that could be made with the best choice as to repair or replace. By offering finance options we assist in that choice. It’s easy to convince yourself to spend and save responsibly when the numbers are right in front of you, but it’s a different story when you’re on-the-go. Smartphones have brought nearly every aspect of desktop computers to your pocket; it only makes sense they’d bring money management, too.