Boiler flexible repayments

ma_ya

Not sure whether I"m posting this in the right place, but here goes.

Boiler is of course breaking down, and too old for cover. As I might rent place, I need to replace it. Have been looking into getting a repayment deal through British Gas, as I can't afford to pay for new boiler in one go. However, terms seem a bit strange - they work it out over 10 years, which will cost me £63 a month, I can repay more per month, which will reduce terms to 3 years, interest charged at variable rate. It looks like if I pay the minimum repayment over 10 years, the total cost of boiler will work out to £7,676 whereas if I can repay £127.94 over 3 years, then total cost 4,605. The boiler and installation only costs £3,338.22. This is best case scenario as you can't repay more than double the minimum repayment. Now, my question is, does this seem like a good option, or is it better to take out a low interest loan, and pay it this way?

Thanks for any advice.

Cardew

If BG charge £3,338 for a new boiler(presumably with a system flush) a ballpark figure for a Corgi boiler will normally be about 50% of BG's charge.

BG charge absolutely huge sums for boiler replacement. Loads of threads on boiler replacement if you do a search.

Get some other estimates and of course a loan is the best way to finance.