No. You do not have to use finance for your boiler; you can pay in full. Finance is available to those that do not have the savings to make a larger payment for their boiler replacement, or would like to pay for their boiler overtime to help spread the cost.
When you are in need of a new boiler, all you need to do is ask our team about our finance options. The Phoenix team can run you through your options, you can pick a time length in which you would like to repay for your installation, then a finance plan will be set up for you. A direct debit will then be taken from your account over the period you have chosen.
As long as you have a good credit history, you will be eligible to use our finance. These checks will be made when you apply for finance prior to your installation.
If you opt for our 12-month no interest option, it does not cost you more to purchase your boiler through finance. However, if you do opt for our extended finance, then you can expect a 10.9% APR interest.
The length in which it takes you to pay off your finance will be dependent on the option you choose. For example, you can choose between a 12 month, 24 month or extended finance that allows you to pay over 10 years.
All of the boilers we provide are available on finance, ensuring that you can take advantage of the high-quality and leading boilers we provide without having to worry about a hefty one-off payment.
