Investing in a hot tub in your home can provide you with a daily ritual that brings peace and tranquility, allowing you to relax after a long day’s work. A hot tub for your home can be perfect because of its social element, convenience, and health beneﬁts.
Hot tubs can be aﬀordable and budget-friendly for just about anyone with the right ﬁnancing options. At Crystal Waters, we oﬀer three payment options. We oﬀer a cash option, a credit card option, and the increasingly popular ﬁnancing option. Check out our guide below to learn how to get the best deals on hot tubs with ﬁnancing options that work for you.
Best Financing Options for Hot Tubs
You can expect to buy a hot tub for anywhere between $3,000 and $16,000, depending on quality, design, and performance. Once you choose the model you like, you can opt to make the whole payment upfront or decide on ﬁnancing the amount with monthly payments.
The two main factors that aﬀect the monthly payment for hot tubs are interest rate and length of repayment. Crystal Waters Hot Tubs oﬀers easy ﬁnancing options for their hot tubs with 0% ﬁnancing over a 24-month term, making it extra budget-friendly. That is an aﬀordable luxury for many who seek to buy the best model available for the best price in the market.
To understand 0% ﬁnancing options, let’s use three hot tubs at prices of $5,000, $7,000, and $10,000 over 24 months of repayment:
• A $5,000 hot tub amounts to a payment of $209 per month over 24 months
• A $7,000 hot tub amounts to a payment of $292 per month over 24 months
• A $10,000 hot tub amounts to a payment of $417 per month over 24 months
Most average-income households can easily aﬀord a luxurious hot tub with such an investment plan, and many options are available to choose from that ﬁt your exact requirements
Typical Financing Options for Hot Tubs
Not all hot tub manufacturers and dealers give the best ﬁnancing rates, which is why you’d be better oﬀ ﬁnding ones that oﬀer 0% ﬁnancing. Most typical outlets provide an interest rate of 10%, making hot tubs less likely to ﬁt into your budget plan.
Research is essential to ﬁnd the best prices in the market and avoid paying more for the same product.
Examples of 10% ﬁnancing rates over a 24-month repayment period are:
• A $5,000 hot tub at a 10% annual percentage rate amounts to $230 per month over 24 months
• A $7,000 hot tub at a 10% annual percentage rate amounts to $320 per month over 24 months
• A $10,000 hot tub at a 10% annual percentage rate amounts to $458 per month over 24 months
Now compare these payment rates to those oﬀered at 0% ﬁnancing, and you can clearly see that you’d be much better oﬀ ﬁnding the right hot tub vendor that oﬀers you the best rates for the top-of-the-line products available in the market.
Why You Should Choose Zero Percent Financing Plans
The short answer is because it is cheaper than other vendors who are selling the same product.
It might make the best sense for you to take advantage of easy ﬁnancing options for hot tubs employing zero percent promotions as they come because you are unlikely to ﬁnd a better deal for hot tubs anywhere else.
You will most deﬁnitely ﬁnd rates that are not entirely accurate, which is why you should do your due diligence and choose a vendor that understands your budget requirements and oﬀers the best solutions possible for your exact needs.
Hot tubs can be aﬀordable and budget-friendly for just about anyone with the right ﬁnancing options, just make sure you do your research so you can get the best options within your budget and avoid overpaying. Crystal Waters offers three convenient ways to purchase your home spa, as well as zero percent financing. Visit our shop to search our in stock products today, or check out our financing page to learn more about how you can get this affordable luxury in your home!