21 Reasons To Get a Boiler On Finance
Whether the weather is fair or foul, a boiler is always a good investment for your home. Even when the sun shines warmly through your windows and bathes your home in light, your boiler is still essential in making sure that you have a hot bath in which to wind down at the end of a long, hard day at work. It’s also your best friend in the morning, supplying you with hot water with which you can help energise yourself when you carry out your morning ablutions. Then, of course, when the days darken and frost starts to fork on your windows, your boiler really comes into its own. In the winter months, your boiler is the beating heart of your home’s central heating system, keeping you warm and cosy no matter what the state of the weather outside your window.
If you’re dreading the coming of winter and growing bitterly resentful of the high energy bills that drop through your letterbox as a result of your inefficient wall or storage heaters, one thing’s for sure. It’s about time for a change!
Why get a boiler now? There’s never a bad time!
If you’ve never had a boiler before, it’s entirely possible that you don’t know what you’re missing. Perhaps you’ve grown accustomed to getting up early on dark and frosty winter mornings, dashing through your home to turn on your wall heaters and diving back under the covers before frostbite sets in. But imagine being able to wake up to a warm, cosy home all year round.
Likewise, you may already have a boiler that, with the best will in the world is starting to show its age, even though it’s still nominally functional. Replacing it now could mean that you start to enjoy years of energy savings straight away with a minimum of upfront cost and disruption.
You may have been toying with the idea of treating your home to a new boiler for some time, but been put off by the hefty upfront cost and the thought of disruption to your home as your new boiler is installed. Such considerations can cause homeowners to drag their feet.
But the truth is that no matter what the time of year and the state of your household finances, the best time to invest in a new boiler to protect your home is pretty much always now.
But why get a boiler on finance?
The advantages of a new boiler are pretty much self-evident (especially when winter rolls around). But there are many who adhere strictly to the old adage “never a lender nor a borrower be”, and prefer to buy outright rather than opt for financing or credit options. And while this is a noble sentiment and good advice most of the time, getting a new combi boiler on finance actually has a number of advantages, even when compared to buying outright.
Don’t believe us? Read on!
We have 21 great reasons why you should consider the benefits of boilers on finance…
1- It means you can buy your boiler sooner rather than later… and start enjoying the benefits!
While we certainly appreciate the financial prudence of saving, budgeting and squirreling away a little every week or month in order to save for a bg purchase like a combi boiler, this isn’t necessarily always the most pertinent approach. Indeed, in some ways it may even be a false economy.
Think about it! The longer you wait to get your new boiler installed, the longer you have to wait until you can start enjoying the benefits and reaping the rewards, not just in terms of warmth and cosiness but in terms of monetary savings. Don’t worry, we’ll get into much more detail about those later. Dragging your feet now can result in significant funds being wasted on far less efficient and cost-effective heating solutions.
Why wait? Get yourself a brand new, highly energy efficient boiler on finance today and start enjoying the wealth of advantages.
2- Your new boiler can be installed much more quickly than you may think
Another reason why people may be reluctant to install brand new pay monthly boilers is because they’re worried about the disruption and chaos that can potentially come with a new installation. Many may feel, particularly in the winter months, that an installation could leave their homes without heating for weeks on end.
But that simply isn’t true.
In fact, it can take as little as 4-6 hours to install a brand new combi boiler. In most cases, especially if you’re looking for a like-for-like replacement for your new boiler on finance, the replacement can be carried out within a day.
Even if you’re replacing a regular / system boiler with a brand new combi boiler, you can expect installation to be complete within 2 or 3 days. Very rarely will installation extend to anything close to a week.
So, if you’re worried about lengthy and disruptive installations, fear not. Your brand new pay monthly combi boiler could be up and running sooner than you may think. And because you’re getting it on finance, you’re ready to start the ball rolling much sooner.
3- It can save you from needlessly high energy bills
A new combi boiler may not be the most glamorous of big purchases. However, the benefits of brand new pay monthly boilers can not only be felt throughout the home, they can also be felt in the wallet. If you’ve never had a boiler in your home before, you can expect your wallet to get a lot heavier after your new combi boiler installation.
According to information from the Energy Saving Trust, “Heating accounts for 55% of what you spend in a year on energy bills”. And if you’ve been reliant on less than efficient heating solutions to get you through the winter, there’s an excellent chance you’ve been paying over the odds for years.
Install a new boiler on finance and you can start to enjoy energy savings of up to £300 a year straight away. And because finance allows you to start enjoying your boiler straight away, you don’t need to wait until your piggy bank is full to enjoy the benefits.
4- Your existing boiler isn’t as efficient as it used to be
If you already have a boiler in your home, but have had it for more than 10 years, there’s a good chance that it simply doesn’t offer the energy efficiency that it used to. The sad truth is that, like most things, the life of a boiler is finite. Older models, especially, aren’t built to last like the newer breed of robust and efficient boilers on the market today.
Many older boilers are made from less robust components and materials. They may contain parts made from aluminium which is less thermally resistant than the stainless steel that adorns the guts of most modern combi boilers. As such, years of wear can make them much less energy efficient and potentially even less safe.
If you’ve noticed that your boiler is taking longer than it used to to heat your home, the pilot light is burning yellow instead of blue or it’s starting to make strange gurgling or banging noises, that old boiler may need to go sooner rather than later.
On the other hand, all newly installed boilers after October 2010 are legally required to be 88% efficient or more.
Once again, the sooner you get a new combi boiler on finance, the less you have to be lumbered with an inefficient boiler.
5- Interest rates are more reasonable than you may think
“But what about interest?” We can hear you conscientious cost-counting savers out there asking. It’s true that the notion of paying interest on a brand new financed combi boiler may be off putting to those who like to squeeze every penny.
After all, what’s the point in making great savings on your energy bill if you have to pay an extortionate APR on your boiler finance. But stop right there! Pay monthly boilers are much more reasonable in interest rates than you may think and may even be available with 0% interest (although you may be expected to pay a deposit). Even if you do have to pay interest, interest rates on financed boilers tends to be pretty reasonable. In most cases you can expect to pay anywhere between 4.9% and 9.9% APR. It all depends on the kind of boiler you want and, needless to say, your credit score is also a factor. Still, what you can expect to pay in monthly interest is usually pretty negligible.
6- Your energy savings will likely be more than enough to recover your interest
We understand that financially aware homeowners will want to avoid paying over the odds in interest where possible. The great thing about getting a boiler on finance is that there are so many options available out there, it’s quicker and easier than ever to find a great deal for you with reasonable rates of interest.
What’s more, what you do pay in interest will likely be more than absorbed by the monthly savings on your energy bill. While your mileage may vary, you can expect a new combi boiler with an “A” efficiency rating to reduce your energy bill by an average of £15 per month. In the vast majority of cases, this is more than sufficient to pay for any monies lost in interest.
7- Your old boiler is starting to cost more than it’s worth in repairs
Old boilers aren’t just less energy efficient than their shiny new counterparts. They’re also more prone to faults. And when something goes wrong with your boiler, you can expect it to be a costly enterprise. Not only do you have to pay for the parts and the plumber’s labour time to repair your boiler, you may even have to pay an emergency call out fee. Let’s face it, a troubled boiler isn’t the sort of thing you want to leave until the morning.
As your boiler gets older you may find yourself shelling out more and more for costly repairs. And if you don’t have the cash in the bank to pay for them, you’ll inevitably have to lean on credit cards, meaning more money lost in interest.
The longer you wait, the longer you saddle yourself with a boiler that’s becoming a liability. Don’t wait for the next costly repair. Get a brand new, reliable efficient combi boiler on finance today!
8- Monthly repayments are easy to fold into your existing household budget
If you’re buying a brand new boiler outright, you’re staring down the barrel of a pretty hefty investment, especially if you have a large house with complex piping needs and require a large number of radiators.
No matter how scrupulously you save and how generous the interest rate on your current savings account, it’s enough to put a dent in even the most harmonious household budget. When you finance a new boiler, on the other hand, you reduce the costs of the boiler, its installation and any extras into an affordable and manageable monthly repayment that may be as little as £10-£20 per month depending on your chosen boiler and needs.
Harmonious household finances start with a carefully planned household budget in which all outgoing costs are carefully accounted for. By breaking the cost of a new boiler on finance into easy to manage monthly instalments, you can pay off your new boiler for less than the cost of your fancy Monday morning latte from your favourite coffee shop.
9- You may not even need to put any money down right now
Hopefully by now you’re coming around to the benefits of new combi boiler finance. But we know what you’re thinking “I’ll still have to fork out for a hefty deposit before my boiler gets installed, right?”.
Well, actually, not necessarily.
Again, it all depends on the kind of boiler you’re looking for and your personal credit rating but in many cases, you can start work on installing your new combi boiler without a penny’s deposit. So you can start enjoying the comfort and energy savings benefits of a new boiler without needing to drain your bank account for a heavy downpayment.
We know what you’re thinking, no upfront deposit means taking a huge hit on interest, right? Again, not necessarily. There are plenty of deals out there on brand new Grade “A” combi boilers with no deposit required and APR at under 6%. That’s substantially less than you might be expected to pay if you were to put the cost of the installation on your credit card.
10- You can make winter mornings enjoyable again, starting this year!
It’s okay to admit it. Those who aren’t lucky enough to have boilers installed in their homes often dread the coming of winter. And who could blame them? Waking up in the pitch dark to see their breath billowing out in steam clouds. Sprinting around the house switching on inefficient wall heaters before taking refuge under the covers for half an hour or so while they start to slightly mitigate the cold?
You and your family deserve better than that.
Finance grants you the opportunity to install a brand new, energy efficient combi boiler before the worst of the winter sets in. Before you know it, your new boiler will be up and running. It can get to wake while you’re still in the land of nod, filling your home with warmth so that you can slide out of bed and into a toasty warm home.
It might not fit under the tree, but that’s a pretty enviable Christmas gift to be able to give your family.
11- Boiler repayment terms are flexible
Every household is different and faces a different set of financial circumstances. Nonetheless, no matter what the state of your current account, how much you pay into your savings every month, how much is left in your ISA and how carefully balanced your household budget is, we’re guessing that paying outright for a new combi boiler might cause some disruption to your finances.
The beauty of buying a combi boiler on finance is that repayment terms are so diverse and flexible that you can fit them around your household’s needs and priorities. Averse to paying interest? If you have some cash set aside to put down as a deposit you’ll have your pick of 0% interest deals. Rather take longer to pay off your finance and enjoy smaller monthly payments? No problem. Repayment terms can be spread across 12, 24, 36, 48, 60 or even 120 months. Whatever best suits the changing needs of your household.
12- You can start to enjoy years of peace of mind straight away
If you’ve lived with the same old boiler for decades, you may have spent years living with a feeling of grim inevitability. The ever-present worry that one day soon your boiler will give up the ghost and leave your home without heat.
Indeed, you may have grown so accustomed to this worry that you won’t even realise its presence until it’s been lifted off your shoulders.
Get a new combi boiler on finance, however, and you can enjoy peace of mind sooner rather than later. Today’s boilers are built with longevity and efficiency in mind so that you will have years of stress free heating to look forward to. What’s more, you can enjoy a comprehensive manufacturer backed warranty of up to 10 years. This covers all costs relating to call out, parts repair or even replacement if something goes wrong with your boiler as a result of a manufacturing defect.
13- You can make your home safer and greener right now
We live in increasingly eco-conscious times. All over the country, and indeed the world, homes are trying to find ways of reducing their ecological footprint and living an enjoyable lifestyle with less impact on the planet we share. When you treat your home to a new financed boiler, you don’t need to wait for months or even years to start enjoying tangible safety and green benefits.
Not only does getting a brand new boiler on finance help to make your home safer by ensuring robust construction and energy efficiency, it also helps to make your home greener. New boilers have far fewer dangerous and ecologically harmful CO2 emissions than their older equivalents. Moreover, today’s boilers are designed specifically to reduce the water and energy waste of previous models.
As such, they use less of our planet’s finite resources by using less water and energy while still keeping your home toasty, cosy and warm when you need it.
14- A new boiler can boost the resale value of your home
You may have absolutely no desire to move house at any time in the foreseeable future. Nonetheless, there may come a time when you need to find a new home. Perhaps your home will become too small once your family learns of a new arrival. On the other hand, when grown up kids leave the nest, it may be more prudent to downsize into a more modest but no less comfortable home. You may be presented with an unmissable job or career opportunity that takes you to another city, county or even country.
If you should find yourself faced with any of these circumstances you’ll want to know that you’re getting the most resale value out of your home rather than trusting in the whims of the property market. Fortunately, a new boiler can add as much as 4% to the value of your home. For a £234,000 property (the median average property price in the UK), that’s an addition of over £9,000 which would by far eclipse the cost of your new boiler no matter what finance package you opt for.
15- You might be able to defer payment for 12 months
Having a tricky year financially? It happens to the best of us. But that’s no reason to deprive yourself of the myriad benefits of a new boiler. There are many finance options which will allow you to install your new boiler straight away and not have to worry about paying a penny for another 12 months. This will give you ample time to right the ship to make sure that your monthly repayments will be readily affordable and easily manageable.
While you can expect to pay a little more in interest (typically around 20%) the increased APR is a small price to pay for a years worth of comfort, ecological and monetary benefits that you’ll be able to enjoy much sooner with a financed boiler.
16- You can take the money you were going to use to buy outright and put it to better use
Been thinking of getting a new boiler for some time now? Started saving up to buy one outright? After reading about the myriad benefits of getting a new boiler on finance you may be wondering why you bothered, especially when repayments are so flexible and easy to weave into the tapestry of your household budget.
Still, who’s to say that the money you’ve saved needs to go straight back into your current account, where it’ll inevitably erode over time? Why not use some of it as a deposit so you can have your choice of more affordable and flexible finance options? Or simply take the family out for a wonderful day out next weekend, or put it towards your savings for something else like a new TV or car?
When you get a pay monthly boiler on finance, you have more disposable income to spend on the things that make life much more enjoyable.
17- Boiler finance covers you legally in ways that other loans don’t
If you’re in good credit, you may question the value in getting a new boiler through a finance scheme as opposed to using, for instance, a credit card or an unsecured personal loan. If you have a good credit card with a generous allowance and interest rate, you may not feel the need to buy on finance. Nonetheless, it’s worth noting that finance deals can offer protections that aren’t available through other forms of credit can’t.
Boiler companies pair with credit partners and offer protections under the Consumer Credit Act of 1974 (amended in 2006) which means that the boiler company and the credit company share liability if something should go awry.
On the other hand, if you were to pay a plumber upfront with an unsecured personal loan, they could disappear to the other side of the world with your money and you’d still be accountable for the loan.
18- Your energy savings could even account for your monthly repayments
Depending on the terms and length of your boiler finance options (as well as your boiler requirements themselves) your monthly repayments may be extremely small. As little as £20 or even £10 a month. This is a drop in the ocean for most household budgets and can easily be recovered by buying one less coffee a week.
What’s more, as previously stated, a brand new combi boiler on finance can massively improve your home’s energy efficiency given that your heating accounts for 55% of your energy use. If you can reduce your home’s energy bills by the national average of £15 per month and secure a finance deal that offers monthly payments for £15 or less a month your savings will even absorb your monthly repayments.
How’s that for a hot proposition?
19- Timers and smart controls can help you take charge of your energy usage
Homes all over the country are scrambling to keep their energy use under control. And with the current generation of timers and smart controls at your disposal, it’s easier than ever to take control of your heating and your energy usage.
Not only can you ensure that your boiler is only working in the hours when you need it most, you can control your boiler from virtually anywhere via your smartphone. Going to need to stay late at work? You can turn on your boiler before you set off home. Want to sleep in for an hour longer? You don’t even need to get out of bed to tell your boiler when to heat up.
You get full control over your energy usage resulting in lower bills and a reduced carbon footprint. And all because you opted to get your boiler on finance.
20- It’s quick, easy and completely free to get a quote
There’s never been a better time to look into getting an energy efficient and affordable new combi boiler on finance. Not only has the technology that powers today’s boilers become more sophisticated and reliable, living in the digital age puts you in the driver’s seat.
From the comfort of your sofa, you can peruse dozens of great finance deals and find the perfect fit for your needs and circumstances. You can get comprehensive, zero-obligation quotes straight to your inbox and take your time finding a boiler and deal that are the perfect combo for your household.
What a time to be alive!
21- Your home and family deserve it!
Nobody likes to see their little ones shivering first thing in the morning. Nobody likes to have to watch the money that could be spent on fun family activities falling down the drain in needlessly high energy bulls. Nobody wants their home to be held hostage by an old inefficient boiler or less efficient heating solutions.
With such a wealth of flexible and beneficial finance deals available, it’s time to take control of your heating and your energy use. Start looking today for the right financed boiler of your dreams. You deserve it. Your home deserves it. And your family deserves it.
21 resWhat’s more, it’s likely to be more affordable and beneficial than you originally thought!