Warm from the boiler, reading finance options

Pay for your new boiler upfront? Buy now, pay later? Pay monthly? 0% APR?

When you have decided it’s time to replace your old boiler, you know it isn’t going to be your cheapest purchase of the year. However, you do have a number of payment options available to make things easier. In this post we have outlined the various ways you can pay for your new boiler without breaking the bank and living off baked beans for the rest of the month! The three main options are:

  • Pay for everything up front
  • Boiler finance (buy now pay later, pay monthly)
  • Apply for a boiler replacement grant

At LS1, we offer a number of flexible payment options, helping you spread the cost of your boiler without an additional fee. Additionally, we are so confident in the great value of our quotes, that we offer a price-match guarantee – if you find a cheaper like-for-like quote elsewhere, we will match it and offer a £50 high street voucher. Get in touch with our team for an instant, personalised, fixed-price quote today:

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1) Pay upfront

If you can afford to pay for everything upfront, this will always be the best option – you no longer have to worry about future payments and interest rates. However, as we know from our boiler installation & replacement costs post, it’s going to cost around £2,500 on average. This may mean you are tempted to install the cheapest boiler on the market, but please remember that this can often lead to a greater overall cost… with lower efficiency, comes higher bills and more repairs needed in the future. Alternatively, you could consider a credit card as the best option – but again remember this will incur ongoing interest rates too, so the one-off payment won’t necessarily halt the spend.

2) Boiler finance

The second option is getting your boiler on finance. There are many options available here, provided by boiler installation companies. Spreading the cost could be a great option, with regular low-cost monthly payments of around £17/month on average. However, a common drawback is a large deposit payment of around £500 – being tied into payments for up a long time. At LS1 Boiler Installation, we can offer monthly payments as low as £9, with a £0 deposit. We value our customers and will find a payment plan that works best for you. We can also afford to offer the longest warranties in London because of our confidence in our service – we’ll even give you FREE 24/7 breakdown cover too!


Benefits of boiler finance

  • Immediate access to the most efficient boilers
  • No need for a huge initial outgoing
  • Plan your payments in a way that suits you financially
  • Reduced carbon emissions
  • More efficient = lower bills!

LS1 Finance Options Summary

  • £9/month payment scheme
  • Buy now, pay later – 0% APR if paid within 12 months
  • 0% Interest-free finance for up to 2 years
  • A low 9.9% APR long-term finance up to 10 years
  • 12-year warranty
  • 24/7 breakdown cover

Receive a personalised quote from our team in minutes:

Call now

Can’t talk right now? No probs:

Get an instant online quote

Receive a personalised quote from our team in minutes:

Call now 020 7979 9000

Can’t talk right now?
No probs:

Get an instant online quote

 

3) Boiler replacement grants

On the other hand, if you receive benefits such as working tax credit, you could be eligible for a boiler replacement grant via the Energy Company Obligation. This is where energy suppliers will provide an energy efficient boiler for you – free of charge, including any interest or future repayment obligations. However there are specific eligibility criteria to meet, such as the energy efficiency of your home, and being a homeowner / private renter.

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