Yes, you own your Vivint equipment once it has been paid for in full.
Understanding Equipment Ownership
When you acquire Vivint equipment, the ownership of the hardware, such as cameras, sensors, and other devices, transfers to you once the total cost of the equipment has been settled. This means that the physical equipment becomes your property.
How Payment Affects Ownership
Most customers opt to finance their Vivint equipment, spreading the cost over a period that typically ranges from three to five years. During this financing period, you are essentially making installment payments towards the purchase of the equipment. Once all these payments are completed and the full cost of the equipment is covered, you gain outright ownership.
| Payment Status | Equipment Ownership Status |
|---|---|
| Still Financing | Ownership pending |
| Paid in Full | You own the equipment |
Implications of Equipment Ownership
- Retention: Once paid off, the equipment is yours to keep, even if you decide to cancel your Vivint monitoring services.
- Portability: If you move, you typically have the option to take your equipment with you. This can allow for potential re-activation of services at your new location, or simply keeping the devices you've paid for.
- No Rental Fees: Unlike some security system models where equipment is leased, Vivint's approach ensures that once your equipment is paid off, you are not subject to ongoing rental fees for the hardware itself.
Early Termination and Equipment Buyout
Should you choose to terminate your Vivint service contract before the equipment's full cost has been paid, you may be required to pay the remaining balance on the equipment to gain full ownership. The precise amount needed for such a buyout depends on several factors, including the original equipment cost and the amount already paid. This mechanism ensures that you can still acquire ownership of the equipment if you decide to end your service agreement earlier than planned.
Understanding your specific service and financing agreement is key to confirming the exact terms of your equipment purchase and ownership.
