The Benefits of Boiler Finance February 15, 2022 There’s no doubt about it, paying for a new boiler is a huge financial ask for most homeowners. While it may be a crucial part of any home and a sound investment, it doesn’t change the fact that it’s hard to find between £2k-£3k upfront. This is especially difficult when your boiler packs up out of the blue and you’re expected to find the money to replace it straight away! Fortunately, there is another way, if the heating engineer you hire to install your boiler offers finance options. We explain more about how boiler finance can work for you in this blog. How boiler finance works When you buy a boiler you usually have the option to pay for it outright or sometimes pay for it via a finance agreement. When you do this you will usually put down an initial lump payment and then sign a contract to make the remaining cost over a set period of time. A finance agreement is legally binding and you must ensure you fully understand its terms before signing. Some finance agreements involve paying interest. So you have the benefit of not paying for your boiler upfront, but you will end up paying more overall. However, some finance agreements offer 0% interest. This means that you’ll pay exactly the same as if you’d paid it all at once, but you are able to spread the cost which can help you manage your finances a bit easier. At Lakins Heating & Plumbing, we offer 0% finance on Worcester Bosch boilers, so you can enjoy all of the benefits of a reliable new boiler, without the huge hole in your bank balance! Advantages of Boiler Finance Boiler financing allows you to replace your boiler with little out-of-pocket expenses because the upfront cost is significantly lowered. This means you receive all of the advantages of a new boiler without having to pay for it! Low Upfront Costs The biggest advantage of boiler finance is that you do not need to pay a large upfront cost for a new boiler. Boiler finance allows you to make small monthly payments, giving you peace of mind. Efficient Boiler You will save money on your energy expenses over time when you upgrade to a new boiler that is highly inefficient. This implies that your boiler will start to pay for itself through energy savings, which can be a massive advantage. Quick Installation Process There's no need to put off getting your heating back up and running because you're trying to save money for a new boiler. Getting your boiler on finance will not only help spread the cost but also help get your heating on as soon as possible. Offering boiler finance in Redditch & beyond At Lakins Plumbing & Heating, as well as offering boiler finance options and carrying out professional boiler installation services, we also promise our customers expert service and installation, based on our professional approach and our many years in the industry. We are Gas Safe registered therefore you can have peace of mind knowing that you are in safe hands with us. We work in homes across Redditch, Alvechurch, Bromsgrove & Studley. Our heating engineers are happy to discuss our range of finance options to help you make the right decision. If you’d like to find out more you can call us on 07976271681, email us at matt@lakinsheatingandplumbing.co.uk or send a message online by completing our short contact form and we will be happy to help.
