Buying a new boiler can be an expensive process. According to the Energy Saving Trust, the price of a new one averages £2,000, though the cost of installation can push the price higher.
If you can’t afford to pay for one up front, the alternative could be rent a boiler schemes and paying a monthly fee instead. Hassle Free Boilers has such a scheme. The scheme covers the boiler and all parts of your heating system against breakages, repairs, and damages.
You can lease a new boiler at a low upfront fee and forget to worry about reliability or servicing.
How does it Work?
Hassle Free Boiler’s rent a boiler scheme begun in 2013. For a monthly fee, you’ll get the upfront cost of a new boiler, and cost of the service plan.
The service plan includes annual servicing, repairs and unlimited call outs, and a lifetime ‘fix’ or ‘replace’ boiler cover. You’ll also get an annual gas safety check.
Homeowners agree to a set monthly fee for the next 12 years. To qualify for the scheme, Hassle Free Boilers will first run a credit check to make sure your’re able to make the monthly payments. The deal allows you to fund a new boiler by paying for it in a different more convenient way.
If you move house before the 12 years elapse, the new homeowner can inherit the agreement or you can cancel the plan. By cancelling you’ll have to buy off your contract at an agreed price. This is usually the balance of what is owed on the boiler.
Among the boilers on offer is a new A-rated Viessmann boiler and an upgraded central heating system.
What is the cost?
You can opt for the £39.99 per month payment plan with no upfront payment, or £19.99 per month with a deposit of £1,999. This will cover the cost and service plan of a new boiler from either Viessmann, Worcester Bosch, Ideal or Grant boilers.
The cost you have to pay will depend on the boiler and service plan you choose.
What are the alternatives?
Paying upfront is another alternative to buying a boiler. If you lack the cash to pay upfront, you can consider taking a loan or using a 0% purchase credit card.