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MSE News: E.on offers interest-free finance for replacement boilers

Former_MSE_Ben_S Former MSE Posts: 39 Forumite
edited 9 August 2017 at 3:53PM in Energy
E.on has launched a scheme offering interest-free loans to buy a new boiler – even if you aren't one of its customers...
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'E.on offers interest-free finance for replacement boilers'
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  • Cardew
    Cardew Forumite Posts: 29,014
    Part of the Furniture 10,000 Posts Name Dropper Rampant Recycler
    The bottom line will be how much Eon's installers will charge for a new boiler. If it is anything like British Gas's scheme it will be a disaster.

    Loads of posters on MSE have received huge quotes from BG. I have two boilers and BG's quotes were £thousands more than a factory approved(Viessmann) local fitter each with a 10 year warranty. He also quoted for Worcester Bosch at the same price.
  • matelodave
    matelodave Forumite Posts: 8,388
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I'm of the same view as Cardew.

    It may be "interest free" but the cost will probably be significantly higher than having the work done by an independent plumber even if it does need a bank loan to spread the cost.

    Energy companies are not usually known for generosity towards their customers
    Never under estimate the power of stupid people in large numbers
  • anotheruser
    anotheruser Forumite Posts: 3,485
    Ninth Anniversary 1,000 Posts Name Dropper I've been Money Tipped!
    Our boiler is fine at the moment - it works!

    It'll be massively inefficient, I know that but I have other things that I need to spend money on right now.
  • daveyjp
    daveyjp Forumite Posts: 12,068
    Part of the Furniture 10,000 Posts Name Dropper
    £4,000 at 0% or £2,000 at 10%. You decide.
  • Caddyman
    Caddyman Forumite Posts: 342
    Tenth Anniversary 100 Posts Combo Breaker
    On major purchases like this, I truly believe there is not and never has been, a genuine interest free aspect of the purchase. The 'interest free' 'offer', is all built into the total purchase price, hence why the cost of the boilers are horrendously more expensive than getting a good, qualified local Gas Safe fitter to supply and fit a new boiler. Major companies have to recoup their costs somewhere, they're not charities.

    My own Baxi boiler is now 15 years old and is serviced regularly by a local trusted plumber. When I mentioned to him 3 months ago about getting a replacement boiler, he told me not to be so stupid as my boiler is working absolutely fine and probably will do for several years yet, arguing it would take literally years for me to recoup any energy saving costs on a new boiler. His words, as long as it's serviced regularly, it's safe and if it ain't broke, don't fix it!'
  • worried_jim
    worried_jim Posts: 11,631
    10,000 Posts Combo Breaker
    No such thing as a free lunch!
  • A_Flock_Of_Sheep
    A_Flock_Of_Sheep Forumite Posts: 5,332
    Tenth Anniversary 1,000 Posts Combo Breaker PPI Party Pooper
    I had a quote from British Gas for a new boiler and it was £1500 over that quoted by a reputable independent Gas Engineer. They also provided a 10 year warranty on the Vaillant appliance.

    British Gas followed up the quote and then tried to get me to let them quote me for a lesser boiler so they could be more competitive. Thought that was very funny.
  • brewerdave
    brewerdave Forumite Posts: 8,422
    Part of the Furniture 1,000 Posts Name Dropper
    My S-I-L got a quote from BG for a replacement boiler ~£4k! Actually got it done by local firm for £2180!!
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