Boilers on finance – Buy now, pay later!

boilers on finance

Buy now pay later, interest-free & pay monthly are all now options with new boilers on finance. If you can’t afford a new boiler upfront then there are plenty of options for you to be able to get a new boiler installed in your home tomorrow and spread the cost over 2, 5, or even 10 years. Let’s take a look at what finance offers there out there for you to take advantage of.

Pay monthly boilers available on finance online

If your looking for a new boiler on finance then here are some of the fantastic deals available right now. You can pay monthly for combi boilers, system boilers and regular boilers. You can pretty much get any boiler you choose on finance but here are some of the best deals you can get a decision online for in minutes. If you need a full back boiler replacement we can also help.

Worcester Bosch 4000 25kw combi boiler on finance

  • New boiler installation
  • 10 years warranty
  • Loan amount- £1,795
  • £0 Deposit
  • Agreement term -2 Years
  • APR – 0%
  • Monthly Repayments – £74.79
  • Interest paid – £0

Worcester Bosch 2000 25kw combi boiler on finance

  • New boiler installation
  • 8 years warranty
  • Loan amount- £1,695
  • £500 Deposit
  • Agreement term -5 Years
  • APR – 9.9%
  • Monthly Repayment – £27.19
  • Interest paid – £336.40

Viessmann Vitodens 050-w 29kw combi boiler on finance

  • New boiler installation
  • 12 years warranty
  • Loan amount- £1,825
  • £100 Deposit
  • Agreement term -10 Years
  • APR – 9.9%
  • Monthly Repayments – £22.30
  • Interest paid – £951

All these above boiler finance examples are for a direct like for like combi swap. If you want to change your boiler type, move your boiler or need any extra work when the boiler installation takes place then these costs will be higher but you can still pay monthly.

Pay Monthly Boiler Finance options

Boiler finance is a fantastic way to be able to get the new boiler you need today and pay for it over a set period of time. How much you pay back per month will depend on numerous things such as the price of the boiler, the term agreement, and the %APR. Whether you can actually get a new boiler on finance will also be subject to a credit check on your credit file. Once you have found your condensing boiler, here are some of the ways to pay.

0% Interest free boiler finance

This is a hugely popular pay monthly boiler scheme. It means that you don’t pay any interest on your boiler, therefore, saving you money in the long term. If you don’t want to pay a penny more than you have to for your boiler but you can’t pay it all in one go, a 0% boiler finance payment plan is perfect for you. Now you can even buy a boiler online and get an instant decision in minutes for interest-free boiler finance.

High monthly payments, short repayment term at no extra cost

With 0% boiler finance, the repayments are usually higher as the finance agreement term is usually only over 2 years. Some boiler companies offer 3 years 0% interest-free finance too. Interest free boilers on finance are usually limited to certain boilers but different boiler companies have different new boiler finance deals available at any one time, so always shop around online.

0% boiler finance examples

Boiler CostDepositLoan AmountLoan Agreement TermRepresentative APRMonthly costTotal repayableInterest Paid
£1,900£0£1,90024 months0%£79.16£1,900£0
£1,900£500£1,40024 months0%£58.33£1,900£0
£1,900£0£1,90036 months0%£52.77£1,900£0
£1,900£250£1,65036 months0%£45.83£1,900£0

£0 deposit boilers with low monthly payments

Not everyone can afford to make high payments every month, so there are options to lower pay monthly plans by spreading the cost of boilers over a longer period. These pay monthly boiler schemes involve a finance agreement that has a longer-term but has a low %APR usually between 7%APR and 9% APR. This means you do pay a little bit more in the long term but your monthly payment amount will be lower.

Low APR boilers on finance

With these low APR payment plans, you can expect the finance agreement to be over 5 years, 7 years or even 10 years! If you spread the cost of a boiler over 10 years you can look at paying as little as £20 per month with low rate finance. Depending on how much the upfront cost of the new boiler is, you would pay at least £300 extra in interest.

£0 Deposit Pay Monthly Boiler Schemes Examples

Boiler CostDepositLoan AmountLoan Agreement TermRepresentative APRMonthly costTotal repayableInterest Paid
£1,900£0£1,90060 months9.9%£39.88£2,3295£492.95
£1,900£0£1,900120 months9.9%£24.56£2947.43£1047.43

Low Deposit & Low monthly Repayment Boiler Plans

If you do have a bit of spare cash and don’t want to feel like you have one of these boiler payment plans hanging over you for years to come, you can pay a deposit of up to 50% towards any boilers on finance. This would drastically reduce the repayments and the loan agreement term. If you have a deposit it is always recommended that you put one down to keep costs down just in case anything unexpected happens in the future.

How to get a boiler on finance

To ensure that you have low monthly payments on your new boiler on finance you will need a deposit. By paying a deposit of up to 50% you can spread the cost of the rest of the outstanding balance. So, instead of lending £2,000 from the boiler installation company, you could lend just £1000 and only spread the cost of this amount. If you buy your boiler online you can choose this option when completing your finance application form.

Boiler installed with a deposit and low repayments examples

Boiler CostDepositLoan AmountLoan Agreement TermRepresentative APRMonthly costTotal repayableInterest Paid
£1,900£500£1,40060 months9.9%£29.39£2,263.22£363.22
£1,900£500£1,400120 months9.9%£18.10£2671.79£771.79

Am I eligible for boilers on finance?

To ensure that you are able to make the manageable monthly payments you will have to meet at least the following criteria. These are just a minimum and do not cover the required credit check which will also take place on your credit file.

– You must be at least 18 years old and a permanent UK resident for at least 3 years.

– You are employed or you are in receipt of a long term disability allowance.

– Must be able to afford to make the agreed payments on time every month

By meeting these requirements you are one step closer to being able to replace your old boiler with a brand new boiler using boiler finance.

Applying for fixed-price boilers on finance online

Applying for boiler finance online is just the same as applying for any other finance such as car finance or mobile phones. The boiler replacement company usually isn’t the lender, they act as credit brokers. The boiler finance company will have a bank or lender who can provide credit to people who qualify. This protects both you and the boiler installers.

How to get a boiler on finance installed in your home

If you have found yourself in the unfortunate situation to need a new boiler quickly but don’t have the funds to pay an installer, then boiler finance may be your only option. Luckily there are companies online that can get you a boiler installed tomorrow and pay for over the next couple of years. Here’s what you need to do:

Find your new boiler online you want to pay monthly for

As we have said you can now find the perfect boiler online for your home with a choice of combi boilers, system boilers & regular boilers. Simply by answering a few questions about your home you can choose your new boiler on finance in minutes. usually, some companies limit the boilers they have on interest-free boiler finance, but every other boiler will be available with a low %APR.

Choose your flexible finance plan

As things have come so far with online boiler finance applications you can use the online finance calculator tools. This is where you can tailor your boiler finance to your needs. You can enter different deposit amounts, choose different repayment terms and see the total payable amount. this takes into account the boiler installation costs and any interest you may or not be paying.

Pick the date you want to install your new boiler

Once you have decided on your new combi boiler or whichever type of boiler you need, then you can choose the date for your boiler replacement to take place. New combi boilers can be installed in under a day if you are just replacing like for like. Simply use the online calendar to pick a date that is free and convenient for you.

Installing your replacement boiler on finance

When it comes to actually install your new pay monthly boiler, everything will be exactly the same as if you had paid upfront. A Gas Safe registered heating engineer will attend at your home on the agreed day and install your replacement boiler. The boiler replacement will take between 1 day and 3 days depending on the work required. If you are having a back boiler removed and a new combi boiler replacement, then expect this to take up to 3 days.

Pay nothing until boiler replacement is complete

If you have set up your finance agreement and the engineer has turned up and completed the job then the job will have to be signed off. You don’t have to pay a thing until you are happy and satisfied with the work completed. Once you have signed off the work and you are happy, the finance agreement will start and your first repayment will come out the month after or on a previously agreed date.

Boiler Controls & Smart Thermostats

Once you have chosen your boiler, you can also choose the controls you want to be able to control your heating. you can choose from a normal wireless thermostat or even one of the new smart thermostats. This can be added on to your finance agreement too.

Credit broker checks and early repayment

All finance agreements are subject to a credit check before being accepted. This can affect your credit file every time you apply for credit. All agreements accepted are subject to status. You can get accepted online now in minutes. If you can or decide to pay off your agreement in part or full, you would need to contact your lender and not the new boiler replacement company.

Here at New Boiler Costs, we like to compare all the best manufacturers, so if you’re looking for similar boilers then check out our other manufacturers such as Viessmann, Worcester Bosch, Baxi, Ideal, Vokera, Vaillant, Potterton & more. You can always click get a quote to get recommended combi boilers, system boilers and regular boilers suited to your home. We can even find you prices for oil boilers & electric boilers.

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