Hot Tub Finance Guide

Posted by Nick Clamp in Buying on 21st June 2021

Photo © Villeroy & Boch

Most new hot tub owners decide to buy their first home spa on finance to spread the cost out over a number of months. 

But which finance option is right for you? And how do you get the best deal when you’re buying a hot tub on finance?

Here’s everything you need to know about your hot tub finance options. 

How big of a deposit do you usually have to put down when you’re buying a hot tub on finance?

Most retailers require a deposit on a hot tub you’re buying on finance. 

This tends to either be a percentage of the total price – typically 10% – or a minimum order value, such as £500. 

As an extra incentive, many of the UK’s leading showrooms will accept deposits starting from as little as £100 and offer up to 48 interest-free monthly payments. 

What hot tub finance options are there?

Most hot tub retailers offer three financing options:

1. Interest-free finance

Dealerships tend to offer interest-free payment terms over a 36 month payment period. 

You’ll generally have to put down a deposit or a minimum spend requirement to access interest-free finance. For example, if you had to pay 25% upfront to unlock interest-free finance on a £10,000 hot tub on a three-year term, you’d have to pay £2,500 on the day and then £208.33 for the following 36 months. 

2. Low-interest finance over a longer payment period

Showrooms also tend to offer low-interest finance for periods of up to ten years. 

You generally don’t need to put down a deposit to access this option, which will allow you to spread the cost of your home spa across multiple years.

You’ll pay more in total for your hot tub if you go for this option due to the interest you’ll pay. However, you’ll also be covered for faults during the entire length of the payment period.

3. Buy now and pay nothing for 12 months

You can also pay nothing for your hot tub for the first year. 

This is a great option if your money is currently tied up elsewhere but will be available to you again in a year’s time. However, it’s worth noting that you’ll be charged interest from day one, making this one of the less cost-effective hot tub finance options. 

The right finance option for you

Of course, the right option for you depends on your financial situation. Generally speaking, you’d be well advised to opt for as short a term as you can afford without putting yourself at risk of not being able to afford the monthly repayments.

One thing worth bearing in mind is that it’s definitely a good idea to opt for a shorter term if you’re planning on moving home in a few years without taking your hot tub with you, or else you’ll be paying for a hot tub for its new owners to enjoy.  

How do I get the best deal on a hot tub I’m buying on finance?

Being able to pay the full cost of a hot tub upfront gives you great leverage when it comes to negotiating a deal on your dream home spa. 

However, there’s still plenty you can do to drive down the asking price if you’re paying on finance as well. 

Get multiple quotes

The best way to get the best price on the model you’ve got your eyes on is to get quotes from multiple hot tub showrooms and see which retailer is willing to give you the best deal. They might undercut the price being offered by their competitor or sweeten the deal by throwing in hot tub accessories, extra chemicals, an extended warranty, or even better repayment terms.

Spend a few hours getting quotes from a handful of retailers and using those to negotiate the best price and you could save yourself hundreds of pounds.

Stick with respected manufacturers and reputable retailers

A word of warning when it comes to striking the best deal: stick to comparing prices of hot tubs from one of the respected hot tub brands. This will ensure you end up with a quality home spa with reliable aftercare rather than a cheap model from a retailer you might not be able to trust to safely and reliably install and look after your home spa.  

Plus, online hot tub retailers come and go all the time. While getting a model at a cut price from one of these sites might seem like a great deal at the time, it could very well end up being a case of being penny wise and pound foolish if they aren’t still around to honour the warranty or provide essential aftercare. 

If your budget is tight, we strongly recommend you avoid buying a hot tub from an unknown brand and from an online-only retailer. These hot tubs are generally cheaper because they’re made to a much lower standard from inferior materials.

Instead, we recommend you look out for deals on ex-display models or home spas in the sale, as well as visiting retailers that specialise in second-hand or trade-in hot tubs. More often than not, these retailers will offer finance without the need for a large deposit.  

Always pay on a credit card

If the deposit for your hot tub is £100 or over, be sure to pay for it on a credit card. That way you’ll be protected under the Section 75 of the Consumer Credit Act, which means you won’t lose your money if anything goes wrong with your purchase. 

Final thoughts

Buying a hot tub on finance is the route most hot tub owners take given the upfront cost of a home spa.

Follow the tips we’ve laid out here to make sure you’re going for the best option for you – and getting the best possible deal – on a home spa you buy on finance.

And for help picking out the perfect home spa for you, be sure to read our hot tub buying guide – as well as grab your free copy of the latest edition of WhatSpa? magazine today. 

About the author

Nick Clamp

I am the Editor-in-Chief at WhatSpa? Media Group and my job is to keep you informed about the very latest hot tubs on the UK market... the best job in the world! When I'm not being deluged with press releases and hot tub brochures I enjoy keeping fit and participating in endurance events including triathlons and distance running.

Latest articles from our knowledge bank

WhatSpa? Spring 2021

The UK’s No. 1 Spa & Hot Tub Buyers Guide

This edition is full of spa reviews as well as top tips on buying, owning and maintaining your very own hot tub.

Don’t buy a hot tub or swim spa without it!

Get Your Free Copy