1. Program Overview

The Precision Air Layaway Program allows customers to lock in today’s price on HVAC systems or system packages while paying toward the purchase over time. Layaway is not financing and does not involve interest, credit checks, or monthly minimums unless otherwise stated.

2. Eligibility

To enroll in Layaway, the customer must:

  • Be at least 18 years old
  • Provide accurate contact information
  • Select a system or system package
  • Make the required initial deposit
  • Agree to all Terms & Conditions listed below

3. Price Lock Guarantee

Once enrolled, the price of the selected system or package is locked in for the duration of the Layaway term. Precision Air will not increase the price due to seasonal changes, supply‑chain fluctuations, or market conditions.

4. Payment Structure

Customers may make payments weekly, bi‑weekly, monthly

  • No interest is charged.
  • No credit check is required.
  • No minimum monthly payment is required unless specified by Precision Air.
  • The system must be paid in full before installation is scheduled.

5. Maximum Layaway Term

The Layaway term may not exceed 36 months (3 years). Precision Air may offer shorter recommended terms such as 24 or 30 months.

If the balance is not paid within the maximum term, Precision Air may:

  • Request a payment plan update
  • Offer financing alternatives
  • Cancel the Layaway and issue a refund minus the administrative fee

6. Initial Deposit

A non‑refundable initial deposit is required to begin Layaway. The deposit amount is set by Precision Air and applied toward the total purchase price.

7. Escrow‑Style Account Protection

All Layaway payments are deposited into a separate, non‑operating account. These funds are not used for payroll, business expenses, or operations. Funds remain protected and available for refund or conversion to a down payment.

8. Emergency AC Failure Protection

If the customer’s existing AC system fails during Layaway, all funds paid will automatically convert into a down payment toward:

  • A replacement system, or
  • Any financing option offered by Precision Air (GoodLeap, PayPal BNPL, Affirm, Rent‑to‑Own)

This ensures the customer is never left without cooling.

9. Switching to Financing

Customers may switch from Layaway to financing at any time. All Layaway funds will be applied as a down payment toward the selected financing option.

Available financing options include:

  • GoodLeap Financial (traditional HVAC financing)
  • PayPal Buy Now Pay Later
  • Affirm
  • Rent‑to‑Own (for less‑than‑perfect credit)

10. Cancellation Policy

Customers may cancel Layaway at any time.

Refund Amount: All funds paid will be refunded minus a 5% administrative fee.

Administrative Fee Covers:

  • Account management
  • Account opening
  • Payment tracking
  • Inventory price protection
  • Administrative labor

Refunds are issued to the original payment method.

11. If Precision Air Ceases Operations

If Precision Air permanently closes or ceases operations:

  • All Layaway funds held in the separate account will be refunded in full
  • No administrative fee will be deducted
  • Customers will receive written instructions for claiming their refund

12. Customer Responsibilities

Customers agree to:

  • Make payments according to their chosen pace
  • Keep contact information up to date
  • Notify Precision Air of any changes in system selection
  • Review all Terms & Conditions before submitting the application

13. Non‑Transferability

Layaway agreements are not transferable to other individuals unless Precision Air provides written approval.

14. Completion of Layaway

Once the balance is paid in full:

  • Installation will be scheduled
  • A final invoice will be provided
  • Any upgrades or accessories may be added and paid separately

15. Agreement Acceptance

By submitting the Layaway Application, the customer acknowledges that they have read, understood, and agree to all Terms & Conditions listed above.