When Cheap is not Cheap
Recently I have been seeing a lot of promotions out there for free and cheap alarm systems. These companies often promote their system being free or for just a nominal installation charge. Usually, the promoted charge is $99.00 as most people perceive $99.00 to be more palatable than $100.00. But what does this really cost you when you look at the fine print.
First, almost all of their contracts state that the equipment is property of the company and not yours as a homeowner. So should you chose to end your contract they come get the equipment, or charge you, and you are left with holes in your walls and doors where they fished the wires.
Second, they require you to sign up for a contract of 24 months or more for service. So should your financial situation change or you should need to move you are responsible for the balance of your contract.
Third, the “free” install is not free. One example is a large national company promotes a “free” install with $200.00 off. But the installation cost of the system to get the “free” install is $600.00 so your true cost is $400.00 for the install and you still do not own the equipment.
Fourth, the fine print also states that you are responsible for any taxes, permits, and “fees”, plus any add-on items.
So how do you keep from getting taken?
Look for companies with transparent pricing. They should give you a price for everything they are installing, any fees, permits, or add-on costs and your monitoring rate;
Look for companies that have no long term contracts. A long term contract just means you are locked into owing some one even if you no long wish to have the service;
Make sure you own the equipment they are installing. Most alarm companies don’t want your equipment back after it is installed. Companies that own the equipment that was installed are just trying to make it hard for you to change service or stop the service should you want too;
Remember, the company has to make money somehow. If the deal does not make sense for them to make a profit then how do they stay in business and do you want them protecting your home and family?
Lastly, total up everything to compare quotes. If company x is charging you $99.00 for the install and $1,500.00 for the monitoring, during your contract, for a total of $1,600.00 and company y is charging you $500.00 for the install but only $900.00 for the monitor over the same period, for a total of $1,400.00, company y is the better value in the long run.
Shameless plug. If you are looking for an alarm, access control, CCTV, or some one to consult on your project. Call Waves at 248-652-2809