If you\u2019ve decided that your boiler is draining your money and probably close to a sticky end, then it\u2019s important to act and replace. <\/p>\n
Perhaps you\u2019ve had the boiler engineer out a few times now to make repairs after hearing strange noises in that direction or you\u2019ve woken up in the morning to no hot water. <\/p>\n
Whatever the case, it\u2019s time to replace your boiler. And why wouldn\u2019t you want to? With a new boiler you can reduce your bills by an impressive 40% which is over \u00a3300 a year. <\/p>\n
When you consider the savings you\u2019ll make on having your boiler continually repaired, it\u2019s certainly a wise option. <\/p>\n
However, it can be difficult to pull together all the funds to replace your boiler. So what can be done then? A lot will come down to your own financial circumstances, but below we take a look at ways of paying for your new boiler.<\/p>\n
1.\tPay it all at once <\/strong><\/p>\n Do you have a nice savings account somewhere which hasn\u2019t been raided in a while? Then now\u2019s the time to go and draw some money out to pay for your new boiler. Of course, it might be easier said than done to stump up \u00a32,300 and this isn\u2019t the option for everyone. However, if you decide to go down the finance route then you\u2019ll end up paying more. <\/p>\n What\u2019s always best is to compare quotes from up to four boiler engineers in your area. This way you can get the best deal and ensure to stretch your money as far as it\u2019ll go. <\/p>\n 2.\tFinance your boiler<\/strong><\/p>\n If cash upfront isn\u2019t an option, then your next thought may be to consider finance. For many people this isn\u2019t simply an option, but the only way they\u2019ll be able to afford the new boiler. Here, what you have to be aware of is high interest rates. At all costs avoid the companies that advertise on TV with extortionate interest rates. Always read any contract before signing up and see what you\u2019re tying yourself into. <\/p>\n You may want to consider the major energy companies who offer finance options. British Gas and E.ON include flexible monthly payments and costs start from as little as \u00a317 a month. Not bad. For these though you\u2019ll probably need a deposit of around \u00a3500. <\/p>\n If you take out a finance option with 11.9% APR you would end up paying back \u00a32,600 on a \u00a31,800 loan, so it\u2019s worth bearing this in mind. <\/p>\n