If you have found yourself in a position where a new boiler is an absolute must then you are going to be faced with the concerns of how you are going to pay for it. After all, there is no denying that boiler replacement and boiler installations can cost a lot of money. However, they are a necessity and without them, our homes won’t have hot water or heating.
Even before the Covid-19 Pandemic struck, covering the cost of a new boiler was a worry for people but times have changed as people have found themselves out of work or unsure as to how they are going to pay the bills. This is not a great position to be in but for many, they have been forced into this position. Despite this, financing a boiler doesn’t have to involve using your own savings. So whether your boiler has instantly stopped working or you want to replace it as your current boiler is ageing then 0% boiler finance could be the best option for you.
Furthermore, as you are not paying for the boiler in advance, it means that you have more options available when it comes to choosing your boiler. If you once paid for your boiler outright then you might have been limited to the cheaper end of the boiler market but finance means that you can consider some of the more expensive brands. If you can opt for a more expensive boiler then you will also make savings on your bill as they are highly efficient and they are likely to come with a longer warranty, offering peace of mind.
So, at this point, it’s important that we consider some of the main reasons why your next boiler installation should come after taking advantage of 0% finance boilers.
Why Should I Take Advantage of Boiler Finance?
Should you find yourself in a position where you cannot afford a new boiler, it can feel as though you are backed into a corner with very few options available to you. This is especially true if you are eligible for a free boiler grant.
What Makes Purchasing a Boiler on Finance the Right Option?
In order to obtain a boiler replacement through 0% finance boilers, you will need to work with a boiler installation company that has a relationship with a finance provider so they can put it in place. The boiler will need to be installed by professionals who understand the product but also the service while they will need to understand the problems that a lack of finance can cause for people.
To add to this, if you opt for 0% boiler finance then any arrangements would have to be agreed to in accordance with the guidelines stated in the Consumer Credit Act of 1974. So ultimately, the installation experts you choose, as well as the credit company would be responsible for any breaches in the contract, all though breaches are very, very rare.
What is the Consumer Credit Act?
This is a law that protects consumers when they make purchases but it also indicates how credit should be marketed and managed. It also controls the process of lending and ensures consumers are protected when they choose to enter into these agreements. In order to qualify, boiler installation contracts must have a value that ranges from around £100 to £30,000. As this range is so wide, it’s likely that this will cover almost every possibility.
As a result of these details, it means that installation companies must carry out the process of installation to the highest standards in the industry. Therefore, there is no room for cutting corners and so, you can expect a company that will take care of your needs and complete the job to an exceptional standard. So, if you are opting to take advantage of boiler finance then both parties have to make sure they keep up their end of the agreement. This involves the consumer meeting payments and installers carrying out a professional service. So, the installation company is paid by the finance company and that all rides on customer satisfaction.
Furthermore, customer aftercare is also in place because the installation company will need to follow the agreed warranty and provide assistance when required. So, there are many reasons why you might want to opt for finance when it comes to replacing your boiler. It might be your finances or your current boiler has decided to fail on you or you might be looking for a new system, whatever it might be, boiler finance can make it all possible.
Why Might You Need to Replace Your Old Boiler?
It’s always a big decision to replace your boiler and it’s never an easy one either. However, there are common reasons why you would choose to have your boiler replaced. Despite this, when you choose a modern boiler that comes with all the benefits that enable you to make savings, it will ensure that you are in a better position than you were before.
So, why would you need to replace your boiler?
- An issue with pressure as a result of faults
- A leak within the heating system or even in the boiler
- No power is reaching the boiler and it keeps locking out
- Pilot light comes on if it’s non-condensing
- The boiler is always being repaired and now repairs are proving costly
- The system is old and dated
There is a wide range of issues and problems that can affect boilers and you should be able to recognise when they have happened. These can happen as a result of a lack of installation following poor workmanship or the boiler has been working hard for some time and eventually failed. What’s more, the system might be heavily sludged and needs an upgrade.
If you have a non-condensing boiler then it might not work because there is heat loss via the flue while older boilers can lose efficiency because of the internal heat exchanger and that means it’s not working how it used to. One other thing to consider is that your bills are likely to rise if you keep an older boiler and if they do then it could be time to consider replacing them. Efficiency can drop throughout the years, especially if it’s older than 15 years.
So, if you are in a position where you need to replace your boiler, it’s not time to worry. It’s time to take advantage of boiler finance and choose the right boiler for your home without the financial worry.