I've been offered a deal on my old boiler.....?

Question

it's 8 or 9 years old now.
A condensing combi.
A friend has offered me the following deal:
For £15 a month, he will cover the existing boiler for life.
Then replace when duff,
Replace after 7 years regardless on new ones.
All I pay is £15 forever!
Is it a good deal?
Also, the company is reputable / corgi etc.

Answer 1

Sounds like a good deal if the company can be trusted. British Gas charge nearly the same amount per year, but you don't get a new boiler out of them, you have to pay full wack when the boiler needs changing (£2-3k !) on top of your maintenance charges.
Other contributors have pointed out that you can buy a boiler for £450-£600 but they're forgetting installation charges etc. If anyone offers you a new boiler INSTALLED for less than £1000, then either it's a crap boiler, crap installation or both!
Under the scheme you mention, you'd pay £1260 over 7 years & if that includes all repairs & you trust them(if he's a friend, he wouldn't rip you off), it's a good deal!

Answer 2

the advice on no backup hot water cylinder is correct, however they can be modified to incorporate a cylinder but more plumbing reqd and this may not be an option you get with 6+ of you i would be inclined towards a conventional boiler or a system boiler (the system is pressurised so no central heating tank in the loft). these would allow you to keep the cylinder which sounds important to you, ensure they fit an immersion heater. unless the combi boiler is a really good one it will struggle with peak demand, do they install, as suggested, high water output worcester or vaillant, probably not) almost all boilers have to be 'condensing' now and its this that makes them more efficient (for part of their operating cycle). there are exceptions but that needs to be assessed by the fitter/surveyor. there is no appreciable difference in efficiency between a combi condensing boiler and a conventional condensing boiler (you keep the hot water cylinder) of the same rating A or B any new boiler will be more efficient than your back boiler but they are much more complicated and thus have more things to go wrong. your choice of rugged but expensive, 'sensitive' but cheaper to run

Answer 3

You may get a better deal elsewhere. £15 per month is £180 per year for 7 years comes to £1260-so that is what you are paying overall. If you phone around different companies that offer the same service and ask them for competetive quotes using this figure as a measure. All it will cost is a few phone calls and you may save hundreds of pounds. Good luck.

Answer 4

Hi, your boiler is one of the most important investments you make for your home, not only providing you with heating and hot water, it helps save your home from damp problems occuring.....please, dont take chances, GET A NEW BOILER....if you cant afford one straight away, save for one, but just get a new boiler..I learnt that lesson years ago...your boiler sounds older than god....get rid!!!
cheers
smaffy

Answer 5

It's a good deal if you get it in writing from a reputable company. Otherwise it's totally worthless, because it won't be honoured.

Answer 6

180 a yr till your dead that could be some big money 20yrs it makes 3600 no your not the sharpest knife in the drawer sorry
pay matbe 450 for a boiler
so if it last 10 yrs hes making1350

Answer 7

Even British Gas will give you better insurance than that.A mate broke a radiator pipe when decorating and B/G we're out and fixed it under insurance.I doubt it was any where near what your so called mate quoted.

Answer 8

Remember that if it sounds too good to be true than it is not true. Check all the fine print and best bet is to NOT go for it.

Answer 9

RIP OFF MATE NEW BOILER £600 AND DROPPING

Answer 10

if I were you, I would jump on it. sounds like a good deal