Hot tubs are a simple luxury that can make your home feel like a spa. But with many models costing thousands of dollars or more, you may want to consider your financing options to help spread out the cost.
How can I finance a hot tub?
Depending on the hot tub, home spa or jacuzzi you’re looking at, you can finance it one of 4 ways.
- Store financing. Most hot tub dealers offer financing to customers through a bank or online lender. The exact terms and rates will vary.
- Personal loan. With a personal loan, you can finance your hot tub, as well as delivery and installation expenses. Most lenders allow you to borrow up to $20,000 – $30,000 but you’ll need good to excellent credit to qualify for the lowest rates.
- Credit card. You could potentially finance all or a portion of your jacuzzi with a low interest rate credit card. Just keep in mind that a carrying a balance of more than 30% of your credit limit can hurt your credit score. And credit cards tend to come with higher interest rates than personal loans — unless you’re able to take advantage of a card with a low introductory rate.
- HELOC. Since it adds value to your home, you may be able to take out a home equity line of credit (HELOC) to help finance your hot tub. While you can typically get competitive rates, you must pay back your balance on time and in full since you’re taking out equity in your home.
Compare personal loans
You can compare personal loan options, low interest rate credit cards, and HELOC’s in the tables below. See which option is best for you.
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How much does a hot tub cost?
Hot tubs can cost anywhere from $3,000 for a basic unit to $30,000 or more for a luxury model — it depends on the quality of the brand you choose, how many people it can hold, the hot tub’s features and any additional accessories.
How much does it cost to install a hot tub?
Hot tub installation costs vary widely depending on the product. Wooden and acrylic tubs, and built-in tubs with steps, a locking cover, screen, ozonator and heater may have installation costs of $4,000 to $20,000.
- Above-ground hot tubs. Inflatable hot tubs can be delivered and installed for less than $700. Wooden and acrylic hot tubs are more costly, ranging from $4,000 to $16,000.
- Built-in hot tubs. The cost of a built-in is typically between $15,000 and $30,000. Because installation requires more work, you’ll want to ensure you find a good contractor with a team that has experience with the excavation and installation process.
Interest rates for a hot tub loan
In the table below, we outline a few standard hot tub costs and interest rates you can expect for a 4-year loan term. For more detailed price comparisons, you can also use our calculator to estimate the exact cost of financing your hot tub.
Monthly hot tub payment calculator
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6 factors that influence the price of a hot tub
Some hot tub dealers don’t list exact prices online. Instead, the final cost depends on several factors, including:
- Size and seating. The amount of water your hot tub can hold — as well as the number of people it can fit — will influence the price you pay. The bigger the tub, the higher the cost.
- Included features. Some features, like massage jets or touchscreen controls, may increase the price of your hot tub. Luxury and convenience will make a hot tub more expensive.
- Quality. The quality of materials plays a role as well. An inflatable tub will cost far less to buy and install than a similarly sized in-ground model.
- Manufacturer. Like most luxury items, the brand and model you choose could influence the price. Be sure to compare similar hot tub manufacturers before making a final decision.
- Delivery costs. The type of tub you buy and where you live will impact how much it costs to get delivered. In general, the heavier the tub or the more remote your home, the more you’ll have to spend on delivery.
- Optional accessories. Hot tub covers, drink holders and lighting will all add to your costs. The more bare-bones your hot tub, the less you’ll have to pay.
Bottom line
Take your time exploring hot tubs, features and accessories to get the best price. And before you sign up for store financing, compare your personal loan options to see if you can score a lower APR.
Frequently asked questions
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