The newest way of getting a new boiler should you not be able to afford the upfront costs is to hire one and pay off as you go. You may be familiar with this process when getting a new car, and wondering how it works with a boiler – something you can’t really sell on easily.
How it works is that a homeowner will agree to pay a certain amount each month, a little like a mortgage, for a certain amount of time depending on the cost of the boiler and installation. It is a big commitment, which is certainly a disadvantage, but when a new boiler can cost upwards of two thousand pounds hiring can be the only option.
It is more expensive than simply paying the price at the time of installation, especially as there is interest to pay. However you are also paying for a guarantee and service for the payment period, meaning you also get the peace of mind knowing you don’t have to shell out for expensive callouts.
The companies offering these hire purchase agreements are confident that the boilers will happily last the length of the payment period (and beyond!) and that the installation is of a high standard, meaning breakdowns are less likely so you won’t have to go through the hassle of having to call out the engineer.
If you are thinking of getting a new boiler but can’t afford the upfront cost – speak to APG Boilers on Finance for a quote.