Three Finance Options When Buying a New Boiler

Three Finance Options When Buying a New Boiler

All boilers should be serviced annually, but there comes a time when they will need to be replaced, as wear and tear gradually creep in. As boilers can be costly, there are a number of options to suit your needs, from loans with fixed interest rates to paying for the boiler monthly or in a lump sum. As with any purchase, it’s important to read the small print before agreeing to the purchase.

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Flexible finance options are available

Flexible finance means you pay the total cost of the boiler over a fixed repayment period. It’s important to look at the total cost and the length of time you have to pay. Also consider the cost of the deposit and the total interest to be paid. Lower upfront costs can be attractive in a low interest deal, but higher rates may apply when the interest free period ends.


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Pay the full cost of the boiler

Some buyers may opt to pay the total cost of the boiler in one complete instalment. It’s important to think not only about the size and brand, but also the amount you wish to spend. Paying for the boiler at the time of installation means you have no worries about future payments.
If you’re looking for boiler installation Cheltenham has a number of expert providers. HPR Services can install boilers in Cheltenham with ease and professionalism, helping you to be energy efficient and freeing you of the worry of old and irreparable boilers.

It’s not just homes that use boilers. According to The Greenock Telegraph, a ship repair firm has started work on the £2.3 million boiler refit of the Waverley paddle steamer.

Opt for a subscription service with maintenance included

Some people like to opt for subscription services and that means that you enter into an agreement with a company who will install the boiler and also offer a service and repair as part of this deal. Many buyers prefer this method as it’s hassle free. The monthly fee will cover the cost of the boiler, as well as the installation and regular maintenance and service. Depending on the terms of the deal, it may also include unlimited callouts, which makes the subscription model very attractive to many. It’s important to read the small print to ensure you know what’s included.

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