What is the best way to pay for a hot tub?


Financing a hot tub is a really good way to make an investment in your wellbeing for many years to come. By financing your hot tub, you spread the cost of your purchase over a set number of months making the payments more manageable and you don’t have to make one large payment in one go! YAY!

How long can you finance a hot tub for?

Typically, finance repayment terms range from 24 to 120 months. A good quality hot tub can last a decade or more, so even with a 60-month agreement, will enable you to enjoy your hot tub long after your final payment has been paid.

What can influence the payments I make?

There are typically 3 factors that influence the monthly payment amount when you finance a new hot tub:

  1. The total balance of the loan.
    This amount would also include accessories, delivery, and installation. The overall cost of a hot tub depends on a number of things: - quality, design and performance. With this in mind prices can range from £3,000-£20,000+. Your dealer may also be able to offer additional services such as Chemical Packs and Subscriptions and Service plan Subscriptions so this may also affect the price. By financing your hot tub it is possible to have affordable monthly payments. So, consider your lifestyle and needs, and then ask yourself if it makes more sense financially to spend £3000 + up front for an entry-level hot tub or perhaps £250-450 a month for the best hot tub available to you?
  1. The length of the repayment term.
    Typically 24 to 120 months, the repayment term length will affect how much you pay per month. The shorter the repayment term, the more your monthly payment; the longer the term, the less you'll pay per month. So, you'll have to decide whether you'd rather make fewer larger payments or more smaller payments.
  1. The annual percentage rate (APR) at which the loan is financed.
    Most hot tub dealers will offer 3 different funding options, and these have 3 different APR’s:
    • Interest free - you’ll generally have to put down a deposit or there’ll be a minimum spend requirement to access an interest-free finance product. The balance is then spread equally over the term agreed.
    • Low Fixed Rate Interest – for terms up to 10 years. You normally don’t need to put down a big deposit to access this funding option. You’ll pay more in total for your hot tub if you opt for this type of agreement due to the interest you’ll pay.
    • Buy Now Pay Later - you can also opt to pay nothing for your hot tub for the first 12 months. 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.

At Hydrolife, we believe that everybody deserves to own and enjoy a hot tub. Whether its one of our entry-level hot tubs or one or our luxury models, our experts are on hand to help you find the financing option that works best for your lifestyle and budget. To learn about more about hot tub pricing or to finance your hot tub, get in touch with our team today on 0800 368 9840.