02-18-2025, 09:05 PM
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#25102
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Rs has made me the man i am today!
Join Date: Jan 2005
Location: North Vancouver
Posts: 3,172
Thanked 1,782 Times in 638 Posts
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Quote:
Originally Posted by PeanutButter
Just got a quote from Centra Windows to redo all the windows in my Vancouver Special.
If you opt for triple pane windows you are eligible for the federal interest-free loan, which is up to $40k interest-free loan over 10 years, at the end of the 10 years you have to pay the balance in full.
For double pane low e (double) windows about 22 windows were quoted at $25k
For triple pane low e (double) windows was $30k
Since the difference is only $5k, I think I'm going to go with the triple pane windows so I can get the 10 year interest federal loan. The double pane do not qualify for the interest-free loan.
I will open a separate investing account, put $250 ($30,000/10 years/12 months) a month into VFV index at an 8% return after 10 years, I should have roughly $46k in that investment account at the end of 10 years. So that should more than cover the original loan.
I'm also getting a quote from ecoline windows as they were in costco so I'll see what their quote is, but I read online that Centra windows are better than ecoline?
But, yeah that's my strategy since my windows are 38 years old aluminum, so they're needing to be replaced.
Food for thought for those who are looking to replace their windows.
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pretty sure centra gave me the f off price before. Wanted 7k for a 32" exterior rear entry door.... lol
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