Boiler help!

navvy71

Good afternoon! Just need abit of advise regarding buying a new boiler! So I'm in a pickle as to what would be the best way to pay for it so I either do it over 10 years on 9.9% Apr 24.00 per month..I've worked out over 10 years it's costing an extra 8.43 per month with that interest rate...(works out nearly 1000.00 more)or I stick it on my credit card at 18.10% increase my payments as much as I can to chip away at debt? 
Any input would be helpful please...the boiler is 1,900.00.
Warm wishes, Michelle 

Hasbeen

navvy71 said:

Good afternoon! Just need abit of advise regarding buying a new boiler! So I'm in a pickle as to what would be the best way to pay for it so I either do it over 10 years on 9.9% Apr 24.00 per month..I've worked out over 10 years it's costing an extra 8.43 per month with that interest rate...(works out nearly 1000.00 more)or I stick it on my credit card at 18.10% increase my payments as much as I can to chip away at debt? 
Any input would be helpful please...the boiler is 1,900.00.
Warm wishes, Michelle 

Can you not cut time down to perhaps 3 years, £61 per month then only £290ish more. Any better rates from your bank or online?

Shakin_Steve

Spreading the cost of a boiler over ten years is not advisable. Most boilers will have run out of steam (see what I did there?) after 7-8 years, and you'd need to finance another boiler while still paying for this one.

navvy71

Maybe I'll try do over less time then, but being on my own it's hard.
Thank you

DCFC79

A credit card at 0% could be an option.

How many quotes have you got ?

Seems a bit steep for a boiler, what does the £1900 cover ?

jefaz07

Shakin_Steve said:

Spreading the cost of a boiler over ten years is not advisable. Most boilers will have run out of steam (see what I did there?) after 7-8 years, and you'd need to finance another boiler while still paying for this one.

Unless Of course it comes with a 10 year warranty. And a lot do now. Which is generally cheaper or on par with lower warranties like for like,
I still wouldn’t finance it over 10 years though. 

Who was this through? Have you tried the likes of BOXT?

Shakin_Steve

Vaillant, I think, come with a ten year guarantee. But not for £1,900.

jefaz07

Baxi, ideal and glow-worm also do! 

Depending on variant. I’m fitting one soon for the same price. 

Shakin_Steve

We live and learn. Still wouldn't do it over ten years, though.

jefaz07

Shakin_Steve said:

We live and learn. Still wouldn't do it over ten years, though.

I very much agree with that mate!!

navvy71

So, yes it has 10 year warranty...it's through 'glow green'
Also looked at company 'heatable ' offering alpha e Tec 28kw...33.50 for 5 yrs...9.9%..