The short answer is yes, you do own your equipment from Vivint, but only after you pay it off in full. Vivint offers two options for purchasing your home security system: financing or paying upfront. If you choose to finance your equipment, you will have to sign a contract with Vivint and make monthly payments until you pay off the total cost of your equipment. If you choose to pay upfront, you will own your equipment right away and have no contract with Vivint. In this article, we will explain the pros and cons of each option and help you decide which one is best for you.
Financing your equipment from Vivint means that you will have to sign a contract with Vivint for a term of 42 or 60 months, depending on your credit score and the amount of equipment you purchase. You will also have to pay a monthly service fee for professional monitoring and other features, such as mobile app access, video recording, and smart home integration. The monthly service fee ranges from $29.99 to $49.99, depending on the plan you choose.
The advantage of financing your equipment from Vivint is that you can get a state-of-the-art home security system with little or no upfront cost. Vivint offers a variety of equipment options, including doorbell cameras, indoor and outdoor cameras, smart locks, thermostats, smoke detectors, and more. You can customize your system to suit your needs and preferences, and enjoy the benefits of Vivint’s professional installation, lifetime warranty, and 24/7 customer support.
The disadvantage of financing your equipment from Vivint is that you will have to pay a higher monthly fee than if you paid upfront, and you will be locked into a long-term contract with Vivint. If you want to cancel your contract before it expires, you will have to pay the remaining balance of your equipment, which can be expensive. You will also have to return your equipment to Vivint if you move to a new home, unless you pay a relocation fee and sign a new contract with Vivint.
Paying Upfront for Your Equipment from Vivint
Paying upfront for your equipment from Vivint means that you will have to pay the full cost of your equipment at the time of purchase. Vivint’s equipment prices range from $34.99 for a door/window sensor to $399.99 for a doorbell camera. The average cost of a Vivint system is around $1,500, depending on the number and type of devices you choose. You will also have to pay a one-time activation fee of $99 and a monthly service fee of $19.99 for professional monitoring.
The advantage of paying upfront for your equipment from Vivint is that you will own your equipment right away and have no contract with Vivint. You will also pay a lower monthly service fee than if you financed your equipment, and you will have more flexibility to cancel your service or switch to another provider at any time. You will also be able to take your equipment with you if you move to a new home, as long as it is compatible with your new location.
The disadvantage of paying upfront for your equipment from Vivint is that you will have to pay a large sum of money upfront, which can be a financial burden for some customers. You will also have to pay for the installation of your equipment, which can cost up to $199, depending on the complexity of your system. You will also have to pay for any repairs or replacements of your equipment, as Vivint does not offer a lifetime warranty for customers who pay upfront.
Which Option is Best for You?
The best option for purchasing your equipment from Vivint depends on your budget, preferences, and needs. If you want to get a high-quality home security system with minimal upfront cost and don’t mind signing a long-term contract, financing your equipment from Vivint may be a good option for you. If you want to own your equipment right away and have more flexibility and control over your service, paying upfront for your equipment from Vivint may be a better option for you.
Before you decide, you should compare Vivint’s equipment prices and plans with other home security providers and see which one offers the best value and features for your home. You should also read Vivint’s customer reviews and ratings and see what other customers have to say about their experience with Vivint. Vivint is one of the leading home security companies in the US, but it may not be the best fit for everyone.
Conclusion
Vivint is a reputable and reliable home security provider that offers a wide range of equipment options and features for your home. You can choose to finance your equipment from Vivint and pay it off over time, or pay upfront for your equipment and own it right away. Each option has its pros and cons, and you should weigh them carefully before making your decision. Vivint’s equipment is designed to protect your home and family, but only you can decide if you own it or not.
