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up to 48> month 19.9%> APR representative of interest bearing finance
Our interest bearing finance is available online or in-store to spread the cost.
You can spread the cost of your purchase with our simple financing options over 24-36 or 48> month.
Hot Tub Financing Makes Buying A Hot Tub Easier
by | Mar 20, 2019 | financing, information, promotions
Have you ever wondered if financing for a swim spa or hot tub is available? Well, it is! And its not much different than financing a car, an appliance, or a boat/RV. Hot tubs are seen as a luxury, but should be seen as an available commodity to everyone. Hot Tub financing makes that possible. Here are a few reasons why financing a hot tub is beneficial:
Pay Nothing For 3 Months
No payments for three months from the date of delivery with a low rate of 4.9% APR.
This is a great way to minimise your monthly payments with a competitive low rate APR. With this option there is nothing to pay for 3 months, then choose to spread the cost over either 5 years at 4.9% or 10 years at 5.95%
Representative example: Cash Price £3,999.00, £599.85 Deposit, Amount borrowed £3,399.15. Duration of agreement 63 months 60 Monthly Repayments of £64.33. Rate of Interest 4.9% p.a fixed 4.9% APR Representative, Total Amount Payable £4,459.65 £29 early settlement fee.
Id like to pay in 12 months and pay a small deposit
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What To Avoid When Financing
Of course, you want to avoid the obvious pitfalls when youre navigating the methods of spa finance: not considering all your options, misrepresenting your income when applying, and missing payments. But there are other tips youll want to be just as aware of.
Unfortunately, the business of lending includes scammers and predatory providers particularly online. To avoid getting involved with one of them, its important to do your due diligence when making a selection. Heres what you want to watch for.
You dont want a lender who:
- Isnt registered to do business in your state.
- Doesnt report to the major credit bureaus.
- Doesnt readily disclose fees and terms.
- Requires upfront fees prior to funding the loan.
- Doesnt have a safe, secure website.
When you start looking at lenders, the first thing to check on is where theyre registered to do business. This info can easily be found on your states financial institution regulatory bureau website. Youll also want to make sure they report to the major credit bureaus, especially if youre wanting to improve your credit score.
Its also important that the rate, fees, and loan terms are clearly stated. This often means reading the fine print to make sure there arent any surprises that pop up during the lifetime of the loan. No reputable lender will ask for fee payment before you receive loan funds. Many incorporate their fees into the loan itself to avoid any extra upfront and/or closing costs.
What Happens After My Application Has Been Approved
After your application has been approved, youll be given the option to either esign or print out and return your finance agreement.
A PDF version of your agreement will display on your screen if you choose to esign it. Before agreeing to the terms of the agreement, you should carefully read it.
Once you have accepted the terms of the financing agreement, Retailer name as it appears on FCA Register trading as Trading name> will be notified. You dont need to do anything else.
You can print your agreement and return it by printing it. After reading the agreement carefully, you will need to sign it following the instructions in the cover letter. The signed document should be sent to the address indicated on the cover letter.
Your order will not be assigned until the signed and returned agreement has been received by Novuna Personal Finance. Once your agreement is returned and received, shipment of your goods will be made.
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Can You Credit Score Me
Financial services companies use credit scoring to assess the credit risk of potential applicants. This method will be used to evaluate your credit risk when you apply for online financing. Credit scoring works by assigning points for every answer on the application form, such as income, age, and occupation, along with information from credit reference agencies.
This information allows for consistent decisions and ensures that all applicants are treated equally. Credit scoring doesnt discriminate based on sex or race, religion, disability, or gender.
Hot Tub Or Swim Spa Financing Options
A hot tub or swim spa is a great investment in your well-being. By financing all or a portion of your hot tub purchase, you may be able to get the model that has everything you want without putting a significant burden on your monthly budget. Financing helps you stretch your spending over a set period. And if you want to spend a bit more on extras for your hot tub, those, too, can be a part of your low monthly payment. Financing allows you to set up a low monthly payment that you can afford.
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What Customers Are Saying
“The guys did a great job delivering our hot tub. They were very respectful and gave instructions. Thank you for a great product and awesome customer service!!!”
~Michelle E.
“Tommie was great to work with! He helped us find the right hot tub for moms medical issues.”
~Robert K.
Junior and his crew were awesome. Delivery of the spa was on time as promised and delivery was smooth. A pleasurable end to the spa buying experience. Thank you.
~Jonathan S.
Is A Hot Tub High Maintenance
Hot tub ownership comes alone with maintenance responsibilities too. While you may choose to hire a professional to care for the hot tub, its a good idea to understand whats recommended.You will need to monitor the water chemistry, fix the filter, and drain, and refill it on occasion to make sure that the water is safe to use. All of this will take some work and or money. A hot tub cover can help keep your hot tub clean and safe to use. It can reduce the amount of cleaning the hot tub requires. Being able to just remove the cover and hop in, can be rewarding. Putting a cover on is worth the little bit of extra effort it requires. If you cant afford to maintain a hot tub, you should borrow someone elses or get a spa membership.
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Nassau Financial Credit Union
Category: Credit 1. Nassau Financial Federal Credit Union Nassau Financial FCU Garden City Branch hours, phone, reviews, map at 736 Franklin Avenue, Garden City, NY. Nassau Financial Federal Credit Union has been open since 1936. The credit union has assets totaling $390.38 Million and provides banking services to more As
Can You Leave A Hot Tub Outside In The Winter
Yes, many people leave their hot tub outside during the winter either drained, winterized, and covered or for use all winter.If you do not mind the higher electric bill, there is no reason you cannot have your outdoor hot tub running and ready to use all winter. Make sure to keep the power on, the water levels normal, and ensure all the equipment is functioning properly and there is no danger of your pipes freezing. Also, be sure to use a spa cover when you are not using the hot tub to keep outdoor weather and debris from entering the spa.
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Pros And Cons Of Hot Tub Financing
Once you zero in on the best way to finance your new hot tub, its easier to stay on schedule and on the budget for the home improvement project. Trust us, your home remodeling will be easier and more manageable. And, you can get a quality hot tub without putting a big financial strain on your lifestyle. Just make sure to choose the most favorable interest rates and monthly payments.
Paying back the loan funds when youre financing a home improvement can be a bit stressful though. Especially if youre already experiencing cash flow difficulties.
Always remember that if you default on your payment schedule, it can adversely affect your credit score and credit rating. However, if you plan your hot tub loan smartly and you will be able to manage your finances well!
Hot Tub Financing No Credit Check
When applying for a hot tub loan, there arent very many dealers or lenders that will allow you to make a purchase without doing a credit check.
With that said, there are a few smaller dealers out there that market themselves as dealers who dont check credit. One of the most popular is the Spa Guy. They make use of a rent to own process. We recommend checking them out if you are nervous about your credit getting in the way of your purchase.
Need a Hot Tub?
PERSONAL LOAN
Personal loans can be used for just about anything that you can think of. The process of obtaining a personal loan is very simple and speedy as well. Youll likely end up getting an unsecured loan, which means that you wont have to put anything on the collateral if you are unable to make the necessary payments. If you have good credit, youll be able to qualify for a low-interest rate too!
You can pick between a long or short repayment term depending on how much you can afford to pay monthly. Remember, the shorter the repayment terms, the lower your interest rate payments will be.
Personal loans dont come without their drawbacks, though. Depending on your lender, you may not get a personal loan that is able to compete with a hot-tub loan in terms of interest rates.
This may be one of the best options if you are purchasing an entry-level hot tub! Make sure to look into some of the best credit card options on the market right now so that you can find the best one for your needs!
PAY IN FULL
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Financing Plug And Play Hot Tubs
Plug and play hot tubs are portable hot tubs that can be plugged into a regular 110-volt electrical outlet and theyre ready to use. They are extremely affordable, easy to install, and require no extra plumbing or electrical work.
Considering you can get plug and play models for as little as $1,000, a credit card or a personal loan would be the ideal way to finance your purchase of one. A lot of dealers and installers offer dealer loans as well.
What Are The Different Hot Tub Financing Options
If youre ready to install your hot tub without cash on hand, financing your hot tub installation is the best way to go ahead. You do have several financing options available.
Hot tub financing through home equity loans
You can get the required funds for hot tub financing by tapping into your home equity. Just make sure that you make your payments on time as per the loan agreement. Such types of loans may also carry high application costs and a prepayment penalty if you pay off the loan earlier than its term.
Hot tub financing through zero-equity personal loans
If you lack equity in your house or do not want to use it as collateral, you can opt for a personal home improvement loan. Especially, if youre looking at one of the more expensive hot tub models.
Keep in mind that unless you have an excellent credit score, the high-interest rates may make your hot tub financing an expensive affair.
Hot tub financing through a credit card
If youre choosing a reasonably priced hot tub, a credit card may be a great option for hot tub financing. Most credit card companies have a loan minimum of at least $2,000, which is a good amount for a new hot tub. That way, credit cards offer good flexibility and convenience.
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How Lending Club Works:
Lending Club is Americas #1 credit marketplace, transforming banking to make it more efficient, transparent and consumer friendly. We operate at a lower cost than traditional bank lending and pass the savings on to borrowers in the form of lower rates and to investors in the form of solid returns.
With a home improvement loan via Lending Club, borrowers can apply in minutes from the comfort of their own home and get the funds they need to finance their home improvement project in just a few days.
Borrow from $1,000-$40,000
What To Look For In Buying A Hot Tub
You may not know a lot about hot tubs which can make the purchase process overwhelming. With so many brands, sizes, features, and terminology what is important to know when buying a hot tub? Before buying a hot tub you should first determine your budget, motives, and space for a hot tub. This should help you narrow down available options and make it easier to dive into the details. Most of us begin our research online, which can be informative and helpful but we cant believe everything we read online. However, before buying a hot tub you should look at the reviews. In addition, you should read reviews for local hot tub retailers and ask for referrals. While we can learn a lot online, its best to consult a professional and share your needs and wants. Explain your situation and listen carefully to their recommendations. Purchasing a hot tub can be a big decision. You may end up visiting the retailer more than once before making the actual purchase. Take your time selecting the right hot tub and enjoy the process.
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How Long Does A Hot Tub Last
Investing in a quality hot tub is almost as important as properly maintaining it. Whether you have a top-of-the-line or bottom-of-the-line hot tub, youll need to maintain it if you want it to last. Hot tubs that are properly cared for can last 20 years or more. When you purchase a new hot tub, you should ask the manufacturer what the required maintenance is. Its a good idea to have a hot tub inspected by a professional at least once a year. In addition to the hot tub itself, hot tub equipment requires regular maintenance as well. If you neglect a hot tub it may only last a few years. If your hot tub has a factory warranty but has been neglected, manufacturers may decline warranty claims.
Factors That Affect Your Payments
INTEREST RATES & APR
There are a few factors that will affect your interest rate for your hot tub financing plan, including:
Of course, there are many hot tub dealers who offer 0% financing during different annual promotion, so make sure to watch out for those deals!
0% interest rates will allow you to pay back the amount on which you borrowed without having to pay anything extra unless you have financing fees attached to your initial purchase.
In looking to understand your interest rate, youll need to understand the APR .
Lenders are legally obligated to provide borrowers with consumer loan APR across the board.
Even if your loan has a 0% interest rate, your APR might still be greater than zero dues to those additional fees or costs.
HOT TUB PRICE
The monthly payments will be greatly affected by the overall cost of the hot tub. Like we said before, hot tub prices can range from about $3,000 to $16,000, though there are a few outliers. Prices vary due to different sizes, designs, performance features, and materials.
For the most part, we can categorize hot tub prices using four different hot tub types, including:
Remember, you are reading an article about financing your hot tub. Though many of these prices might look a bit frightening when you first look at them, a good financing option can make them far more affordable.
LENGTH OF FINANCING AGREEMENT
LOAN FEES
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Why Did You Reject My Application
Information about adverse credit reference agencies
Overcommitted is a sign that you are too involved
Are you under 18?
Performance of your existing account with other lenders
What kind of information does credit reference agency have about me?
Some information is public information such as electoral rolls, County Court Judgements, and bankruptcies. Information about your accounts with other lenders could also be filed. This could include information such as payment history and balances. All credit requests, including those where credit reference searches have been conducted, will be filed. However, the outcome of these requests is not recorded.
Don’t Delay Getting Your Dream Hot Tub
Here at the Tub Company, we offer a range of payment options for your new hot tub. Now you can spread the cost of owning your hot tub. We have a range of affordable solutions which are tailored to suit your own needs.
All our payment solutions are offered by Novuna Personal Finance, a trading style of Mitsubishi HC Capital UK PLC.
* Finance not available on any Air Source heat pumps products
Id like to pay now, but not pay any interest costs
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Hot Tub & Spa Financing
Special terms financing offers are available with approved credit through your local dealer.
Hot tub financing is one way to make the dream of owning a hot tub a reality. You probably have several excellent reasons for wanting to make a Jacuzzi® hot tub part of your lifestyle: It provides healthy hydrotherapeutic benefits, a place to get together with family and friends, and the pure joy of simple relaxation and stress relief.
Nearly all U.S. Jacuzzi Hot Tubs dealers offer financing through Wells Fargo*. However, you may wish to confirm it is offered at your local dealer before you apply. to locate a dealer.
