Can I Get a New Boiler on Finance? Your Options Explained
A new boiler is a significant purchase, but it does not have to mean finding thousands of pounds up front. Yes, you can get a new boiler on finance. We arrange it through Ideal4Finance, our trusted credit broker, and you can spread the cost over anything from 12 months to 10 years.
What finance options are available?
0% interest free finance
This is the best deal if the monthly payment suits you. Over 12 or 24 months at 0% APR you repay exactly the price of the boiler and nothing more. On a £3,054 installation that is £127.25 a month over 24 months, with a total repayable of £3,054.00.
Longer terms at 11.90% APR representative
If a lower monthly payment matters more, you can spread the cost over 3, 4, 5 or 10 years at 11.90% APR representative. The monthly payment drops, but you repay more in total. On the same £3,054 installation, 60 months works out at £67.78 a month with a total repayable of £4,066.82.
A deposit is optional. Adding one lowers the monthly payment and, on the longer terms, the interest you pay.
You can compare both options for your own price with our boiler finance calculator, and we explain the interest free option in more detail on our boiler finance page.
Who qualifies?
Finance is subject to status, which means your application is assessed before it is approved and approval is never guaranteed. You will need to be over 18 and a UK resident. The rate offered is provisional until your application is assessed and depends on your circumstances, the amount and the term. Applying online with Ideal4Finance takes a few minutes.
Who you are actually borrowing from
We do not lend money. We introduce you to Ideal4Finance, a credit broker authorised and regulated by the Financial Conduct Authority, who place your application with a lender on their panel. Questions about your boiler and installation come to us. Questions about rates and repayments go to them.
What about boiler grants?
If you receive certain benefits, you may qualify for a free or subsidised boiler replacement through government backed schemes such as ECO4. It is worth checking before you look at finance. Our guide to boiler grants in the North East explains who is eligible.
Is finance worth it?
It depends on your situation. Finance makes most sense when your boiler has failed and you need a replacement now, when you would rather keep your savings as a buffer, or when an old boiler is costing you in repairs. It only makes sense if you can comfortably afford the monthly payment for the full term. A newer, more efficient boiler will usually cost less to run than an old one, but how much you save depends on your home and your old boiler, so we would not promise a figure.
If a repair would do the job, we will tell you. Our repair or replace guide is a good place to start.
Spread the cost of your boiler
Get your fixed price first, then see the monthly payment alongside it. Finance through Ideal4Finance, subject to status. AR Heating & Gas cover the North East.
See finance optionsWhere to go next
Try the finance calculator, or see fixed prices on the new boiler installation page, including for Washington.
Not sure we reach you? Call 0191 540 2051 and we will tell you in seconds.
Representative example: 11.90% APR. Based on a loan of £3,054.00 repayable over 60 months at an interest rate of 11.90% APR pa (fixed), with monthly repayment of £67.78 and total amount payable £4,066.82.
Alex Robson Heating and Gas Ltd is an introducer appointed representative of Ideal Sales Solutions Ltd T/A Ideal4Finance. Ideal Sales Solutions Ltd is a credit broker and not a lender (FRN 703401). Finance available subject to status. The rate offered is always provisional and will depend upon your personal circumstances, the loan amount and the term.
There are risks involved in taking out a loan and you should ensure you can make all payments on time and in full; failure to do so can lead to financial difficulties and have a negative impact on your credit score.