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Lease
or Buy? Do you own your system???
The majority of new security system
installations occur at the time of a new
home purchase. Therefore up front cost
for these system present challenges when
consumer are in the market to buy. Within
the home security industry, companies
have evolved to counteract this problem.
Security companies have now begun to manufacture
proprietary equipment to sell to consumers
at comparable original equipment manufacture
or OEM prices. This equates to lower priced
system with two distinct disadvantages.
Although the system is now cheaper, the
company it was purchased from can only
monitor it. Therefore no actual ownership
is attained despite a lower initial up-front
cost, which is now stretched out over
a longer time-period, with a higher monthly
monitoring rate.
o When in the market for home security,
it's always best to purchase your home
alarm system.
o In some instances, alarm systems are
proprietary and therefore can only be
monitored by the company that sold you
the system. Therefore, if you decide not
to renew your contract with that company,
you must re-purchase another system.
o Most leased systems are proprietary
systems that have a very low upfront cost.
o The price you pay to lease your system
is equivalent to 3 times the amount that
you would pay if you owned it.
o Always position yourself with a company
that you are comfortable with and that
allows you the freedom to find more competitive
services.
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