Is it Better to Finance or Pay Cash for New Jersey Replacement Windows?
You’ve decided it’s time to replace your New Jersey home’s drafty windows with new energy-efficient windows. Good decision! You probably already know that this decision will make your home more comfortable and energy efficient, but how will you pay for these new windows? Will you finance the entire project or will you just write a check or charge it to a card? Following are some financial tips that go hand-in-hand with other decisions you’ll make during the design and installation process for your windows.
Paying Cash: Pros and Cons
The National Association of Home Builders (NAHB) website (http://www.nahb.org/) has a short article comparing financing options to paying cash for home improvements like replacement window projects. The NAHB, like many financial experts, states that if you have cash in savings to cover the cost of a large project, paying cash may be the best way to go for you because you’ll avoid any interest charges. But, even if you have the cash for your project in the bank, there are some real financial issues that may make it more attractive to finance. Before you make a final decision, you’ll want to weigh the pros and cons.
Benefits of Paying Cash for Your Replacement Windows
Disadvantages of Paying Cash for Your Replacement Windows
Financing Pros and Cons
It’s true; financing your replacement window home improvement project usually means your total “cash” outlay will be higher over the long term. How much higher depends on many factors like net savings you get from having lower utility bills, the interest rate you negotiate, and the length of your financing agreement. There are some other things to consider.
Benefits
Disadvantages
As you can see, there is a lot to think about when you consider the pros and cons of paying cash versus financing your replacement window project. At Renewal by Andersen of Central New Jersey, we understand your concerns and will work with you to create a payment plan that works for you.
So, Which is Better: Paying Cash or Financing?
As much as 30 percent of lost energy is attributed to poor window design or integrity. Every day you delay your replacement window project means another day of watching your hard-earned money “float out the window”.
Now that you know some of the most common benefits and disadvantages of paying cash and financing, it’s time to crunch the numbers and see which option is best for you and your family. Renewal by Andersen of Central New Jersey consultants are here to help you find the most beneficial solution for your budget so you can get started right away.
Call us at (866) 609-5033 and ask to speak to a financing specialist. Don’t have time to chat right now? No problem. Just fill in the short form at the top of the page and ask for more information about our current promotions and financing options. We’ll get back to you right away with details to help make your decision easier.