Complaint Review: Direct Energy/Snap Financial

 I moved into my home 6 years ago. It was the first time I owned a home and my insurance company said that I would need a new furnace. I just spent all the money I had on buying the house and needed to get some financing for the furnace. I called direct energy as they had some deals for high efficency furnaces and financing available.

I had them come in and take a look. The sales guy came in and said it wouldn't be a problem. He did a contract and I signed it as the furnace seemed like a good deal and of course added value to the house.

I never got any paper work except the contract. No ammortorization schedule  saying that you aren't even paying the interest.

I sold my house recently and the realtor told me to pay off the furnace before closing as a owned furnace will be better than a financed one.

I called snap Financial today and found out that I owe more now than I paid for the furnace in the first place. The cost of the Furnace was 5900$ roughly installed. I called 6.5 years later to pay it off and I still owe 4457. In those 6 years I have paid a total of $5200.

I knew in the end I would be paying for the furnace plus a big finance charge. But this seems a little ridiculous.

I am basically here to tell anyone that needs a new furnace don't get suckered buy these guys.

I am not even sure how much I would have had to pay to Snap Financial if I didn't do a buyout. 

Don't finance a furnace afrom Snap Financial and Direct energy. They will sell you on small monthly payments for the rest of your life.

Hope this helps others.