Lease or Buy? Can You Save by Leasing a Security System?

Home security systems are a little like cars – when it’s time to get one you can choose to own or lease. Just like with cars, there are advantages and disadvantages to both options.

So, what exactly is a “leased” security system? Many providers such as Protect America will put a home security system in your home at no cost to you in exchange for a multi-year service agreement.

The advantage is obvious. Your cost of entry into home security is nil. Given their monthly service costs are competitively priced, it’s very enticing for someone who can afford the monthly monitoring costs, but who may find equipment purchase to be too rich for their blood.

Much like a car lease, every few years when your contract comes up for renewal, you can negotiate for a newer, better model if security systems have improved. Without having ever spent a dime on a security system, you’re able to get regular upgrades.

So, why doesn’t everyone do this? It seems like the deal of the century!

Like with so many things, the free security system isn’t necessarily the premium model. It may not be a bad one – but if you want particular features of protections, it may not have them. More importantly, it may or may not be the best system for your home.

Buying your security system means getting exactly what you want – and if you do it right, what you need. You can go for the best options, the best rates security systems and a design that fits your home’s needs.

Another advantage to buying your security system is that you can choose your monitoring service and change services at any time you like. If you find a better deal or aren’t happy with the service, you’re left with options. After all, it’s your security system. You can easily buy whatever brand and model you want at security system sellers such as The Home Security Store.

Of course, there’s the somewhat dubious middle road. Many home security companies sell you a security system at a discounted rate in exchange for a service contract. It’s the same idea as the free system, only it’s not free. However, it usually includes more system options and gradations. Companies like ADT and Guardian Protection Services do it this way.

What’s right for you depends largely on your needs and budget. If you’re not sure which way to go, get some options. Many security system sellers will come to your home and develop a proposal about which system to buy. Meanwhile, home security providers also do free home assessments with their recommendations of what to buy, or an offer on their free systems. Get at least give different quotes and opinions to help you make this very important choice.

Photo via maakif2007