HVAC/R Specialists Serving Reading & Berks County

To Be or Not To Be Financed

Upon receiving a proposal for a new system installation, one of the questions you might be asked is “Would you be interested in financing?”

At ACS, a member of our sales and finance department will reach out to you concerning that information as well as guiding you through the next steps of financing. The following financing options are popular amongst our customers in Berks, Schuylkill, and Lancaster counties:

Members First Equipment Financing

Members First Equipment Financing offers a few different interest rate plan options, the first is a Visa Balance Transfer. A Visa Balance Transfer is a short-term, low-interest rate option for homeowners who have the money to pay out of pocket but don’t want to spend every penny of their savings to do so. This plan has a 0% interest rate, but a 3% processing fee, for financing for 12 months. This type of plan can exceed the 12 months but be warned as the interest rates will jump up to 8.5% – 12.5%.

The Home Equity Loan is a long-term, low-interest rate option best suited for long-time homeowners that have equity in their homes and are comfortable proceeding with a Home Equity Loan. For the first 6 months of this plan, the interest rate rests at 1.99%. Following the end of those 6 months, the interest rates will spike from 4.5% to 12.5%.

The Personal Loan option is a long-term, high-interest rate plan that is ideal for new homeowners that cannot do the Home Equity Loan. These plans typically have interest rates anywhere from 6.5% to 12.5%.

HEELP Equipment Financing

HEELP Financing is an option given to customers who have a low income and would like an equally low rate of interest on their financing. This option requires the completion of a self-pre-screening form and covers up to 10 years, at a 1% interest rate, and up to $10,000. If you are considering HEELP Equipment Financing, you will be directed to complete a Borrow Application and mail it to the address on the application.