If you're looking to invest in a hot tub, financing may allow you to purchase the new spa of your dreams. Contact your nearest hot tub dealer to learn more.
Should you buy a more expensive hot tub if you can get a low payment?
Like a car, a hot tub is a significant investment that may exceed the amount of discretionary cash in your bank account. Also like a car, a great hot tub can provide value and comfort to you for many years. With proper care and maintenance, your hot tub can deliver enjoyment and better health for 20 years or longer.
If you plan to use your hot tub frequently, and we hope you do, the value of a hot tub grows because the per-use cost of ownership goes down.
How does the hot tub payment amount influence the shopping decision?
Interest charges can add significantly to the price of any item you finance. Even if you would like to purchase an expensive item, if the monthly payment is unaffordable or leaves you with no wiggle room in your budget, you may have to pass on the purchase.
Indeed, interest charges can make or break an affordable payment.
Here's an example. Let's say your budget is $225 per month for a hot tub and the lender approves your application for a personal loan at an interest rate of 8 percent. That scenario allows you to shop for a hot tub with a price tag under $8,000, and over 40 months you'll pay more than $1,100 in interest. That's nearly five months of payments spent just on interest.
When we take the interest out of the equation you can increase your shopping budget to $9,000 for the same monthly payment, and not a penny of your money goes toward interest. That extra thousand dollars might get you a bigger, family-sized spa or more luxurious hot tub features.
What is the exact price of a hot tub?
Hot Spring® hot tubs range in price from about $4,000 to $15,000 and higher, depending on size, features and other variables.
Why is it so difficult to find out how much a hot tub costs?
Manufacturers typically do not publish a price for the hot tubs they sell because prices vary depending on many considerations. The geographic location of a particular customer can drastically alter shipping costs. The features and size of a hot tub also come in to play where hot tub pricing is concerned and manufacturers produce a specific number of hot tubs based on season and demand for a model. A hot tub dealer in your neighborhood is always the best source to find out the exact price for a specific hot tub model as well as availability. You can get more specific hot tub price information by visiting this page, How Much Does a Hot Tub Cost?
Should I finance a Hot Tub?
So, should you buy a more expensive hot tub if you can get a low payment? As with all financial decisions, the answer depends on your budget. If you want the absolute best hot tub that your budget can buy, and the opportunity to become an owner of the world's leading hot tub brand without a big outlay of cash up front, go ahead and factor in some extras.
What are the costs of maintaining a Hot Tub?
Before you shop, decide how much you can afford to pay each month, and stay within your budget. Consider quality and reputation as you compare prices, as well as ongoing ownership costs. Some brands cost a great deal to operate, or may require more maintenance or more expensive replacement products. Hot Spring spas are very energy efficient, and in many U.S. regions cost just $10 to $20 per month to operate. Hot tub maintenance costs will vary depending on the quality of the water where you live, how often you use your spa, and how well you maintain it. With proper care, monthly costs are very low and a typical average is about $20 per month over time. If you use your spa often, the per-use cost can amount to small change.
What are the most important hot tub feature upgrades?
With all of this in mind, if you can afford more, you may want to upgrade to a larger hot tub or one with a FreshWater® Salt System. You might as well take advantage of having the best hot tub your money can buy — so go ahead and splurge a little.
Find out about hot tub finance options in your area.
