Pay In Full Or Finance A New Boiler

Posted on by Daniel, VHL

Heating your home is a job that all homeowners are faced with, one that is particularly important in the colder months of the year. You may already have a perfectly working boiler, but for those who don’t, buying a boiler can be quite complicated and confusing, not to mention expensive. Is there a preferable way to pay for a new boiler? This article will look at the different factors of both paying in full for your boiler and paying for it on finance.

Consider The Initial Outlay

Money Buying a brand new boiler can set you back anything from £500 to £2,500, so it is important that you are fully aware of payment options before you commit to such a large purchase.

Don’t Forget The Efficiency Savings

Efficiency of new boilersOne thing that you need to be mindful of is the savings that you can make per month with the right boiler, which can often compensate for the larger payments you make when purchasing the boiler itself.

New boilers have efficiency rates as high as 90%, for a purchase price of £1800, and they can provide considerable savings over the year. For example, if your old boiler had an efficiency rating of 60%, a 90% efficiency boiler can add further savings of 33% – equivalent to £237.

Overall Cost

Receipt with total costAs with any payment that uses monthly instalments, you can expect to pay a little more overall than you would if you paid in a lump sum. Different companies will offer different payment plans and pricings, so it is worth looking around before making your decision.


Trade in your old boilerYou may also want to consider trading in your old boiler for a new one, depending on how old your current system is. Having a new boiler in your home can also increase the value of your house, which is an added bonus!

The Benefits

There are benefits to both methods of payment: paying the entire fee upfront can result in significant expenditure, and this can be quite daunting. However, by doing so, you ensure that the only monthly payment you have for your boiler is the energy bill itself, which will be greatly reduced if you select a high efficiency model.

The obvious benefit of monthly payments is the significant reduction in the initial amount you pay for the boiler – this can be easier to budget for and have a much smaller impact on your wallet, but overall, monthly instalments tend to cost a little more overall than paying in one lump sum.

Ensure that you are aware of all options before purchasing a boiler, from the model of your system to the level of efficiency and savings you can make. Not quite sure on what type of boiler to go for? We can help you out there too. If you choose carefully, you will notice a welcome reduction in your energy bills.

Here at VHL, we are proud to offer the highest level of service in the supply, installation, maintenance and repair of boilers of all makes, models and ages. If you would like to know more about our services, get in touch with us today and we’ll be happy to help.

About Daniel, VHL

VHL's Technician of the Year +Daniel Chambers View all posts by Daniel, VHL →