Epic Hot Tubs | Outdoor Products Store

Financing a Hot Tub: How to Make Your Dream Backyard Oasis a Reality

If you want to enjoy a hot tub but don’t know how to find the money for one, read our guide to your options for financing a hot tub. We’ll help you get started!

Are you dreaming of relaxing in a hot tub in your own backyard oasis? Perhaps you’ve been putting off this dream because you think it’s too expensive or difficult to finance. Here’s some good news:

Hot tubs aren’t just for rich people.

Don’t believe me? Many people can afford a hot tub by using a combination of financing options, such as:

  • Using some of your personal savings to pay some costs.
  • Financing some of the initial costs with a credit card or short-term borrowing.
  • Using a home finance option or personal loan to manage the long-term costs.

These are some of the ways you could manage the expense of buying and installing a hot tub. Whether you’re looking to pay upfront, secure a loan, or explore other financing options, there are strategies that can help you make your dream come true.

In this article, I’ll guide you through the process of financing a hot tub, sharing tips and insights on how to make it affordable and accessible for you. Let’s get started by looking at the costs involved.

Understanding the Costs

You’re probably aware of the different cost areas for a hot tub. You’ll have to include these in your finance plans so you don’t get caught by surprise by an unexpected cost. Here’s a quick list:

  • Hot Tub price
  • Installation costs
  • Finance charges
  • Closing costs

After the deal is done, you’ll also want to consider the cost of maintenance and equipment. Now, let’s look at a few of these in more detail.

Initial Purchase Price

The actual cost of your hot tub is mainly affected by a few things:

  • Every brand has their own price ranges, from budget to luxury. But each brand positions itself in the market. Some companies are more expensive than others.
  • The size of the hot tub is the biggest price factor within each brand.
  • Preferred features, such as an upgrade from basic controls to advanced controls, will affect the price. 

Hot tubs range in price from affordable models starting around $2,000 to luxury options that can cost upwards of $15,000. Some examples of hot tub models include the budget-friendly Intex PureSpa (around $500), the mid-range Coleman SaluSpa (around $700), and the high-end Sundance Spas Marin (around $12,000).

Installation Costs

On average, above-ground hot tubs have installation costs of around $500 to $1,500, while built-in tubs can range from $1,000 to $5,000.

  • The material of the tub can also affect installation expenses. Vinyl or fiberglass tubs tend to have lower installation costs compared to concrete or tiled tubs.
  • Size is another factor to consider. Larger hot tubs may require additional work to prepare the site or concrete slab and might incur higher installation costs.
  • The complexity of the installation process can also impact expenses. Special requests or any new plumbing or electrical work can affect the cost of building the hot tub area.

It’s important to remember that these are just average costs, and prices can vary depending on your specific location and the individual circumstances of the installation. It’s always a good idea to get multiple quotes and consult with a professional to determine the exact installation costs for your hot tub. Your local spa dealer is one of the best sources of information about installation costs and companies.

Ongoing Maintenance and Operational Costs

Maintaining a hot tub involves regular tasks to keep it clean and functioning properly. Water treatment is essential to prevent bacteria growth, and it typically involves the use of chemicals like chlorine or bromine. Cleaning the filters regularly is important to ensure efficient performance and water clarity. Don’t forget to maintain the hot tub cover by cleaning it and applying protectants to keep it in good condition.

In terms of operational costs, electricity costs are a factor to consider. Hot tubs require energy to heat the water and power the jets, so you’ll see an increase in your energy bill. The amount of electricity used depends on factors like tub size, insulation, and usage frequency. Water usage is another operational expense. As the water in the hot tub needs to be drained and refilled periodically, this adds to your water bill.

Evaluating Your Budget

To make informed decisions about financing a hot tub, it’s important to clearly understand your financial health. Here are some key factors to consider:

  1. Income: Evaluate your current income to determine how much you can comfortably allocate towards monthly payments. Consider both your regular salary and any additional sources of income.
  2. Expenses: Inspect your expenses and identify any areas where you can reduce or eliminate costs. This will help you determine how much you can afford to allocate towards hot tub financing.
  3. Debt: Assess your current debt load, including credit card balances, loans, and mortgages. Paying off high-interest debts or reducing your overall debt burden before financing a hot tub can help improve your financial situation.
  4. Credit History: Review your credit history and score. A good credit history can increase your chances of getting favorable financing terms. If needed, take steps to improve your credit score and credit limit.
  5. Savings: Consider your current savings and emergency funds. It’s important to have a safety net in place to handle unexpected expenses and ensure you can comfortably afford the monthly payments for your hot tub.
  6. Financial Goals: Consider your long-term financial goals, such as saving for retirement or a down payment on a house. Make sure your hot tub financing aligns with these goals.

Setting a realistic budget ensures you choose a financing option that fits your financial situation and goals. By carefully evaluating your income, expenses, and financial goals, you can make an informed decision and enjoy the benefits of a hot tub without breaking the bank.

Exploring Financing Options

For financing a hot tub, there are several options available to make it more affordable and manageable.

Personal Savings

Looking to finance your hot tub purchase? One option to consider is using your personal savings. By using your own money, you can avoid interest charges and have full ownership of your hot tub from the start. If you pay all the upfront cost, you will save money by not paying any interest.

Evaluate your current savings and determine how much can be allocated towards the purchase. With personal savings, you have the flexibility to choose the financing option that works best for you. Plus, there’s no need to worry about loan terms or additional costs.

Credit Cards

Looking for a convenient way to finance your hot tub? Not only can you earn rewards points on your purchase, but you may also have access to extended warranties and purchase protection. This is one of the payment options available but high credit card rates can make this one of the most expensive credit types if you miss a payment.

Just make sure to check with your credit card company for any pre-authorization requirements for larger purchases like a hot tub. Enjoy the benefits of a relaxing hot tub while taking advantage of the perks of your personal credit card. 

Personal Loans

With personal loans, you can borrow money and repay it in affordable monthly installments. You can obtain personal loans from banks, credit unions, or even online lenders.

The beauty of personal loans lies in their ease of application and faster funding time. Unlike home equity loans, personal loans do not require you to pledge your home as collateral, saving you the hassle of lengthy paperwork.

Moreover, with personal loans, you have the flexibility to choose from various banks and credit unions, allowing you to find the best interest rates and payment terms that suit your needs. This is an unsecured loan, though, so you may face higher interest rates depending on your credit profile.

In-store Financing

In-store financing options make hot tub purchases more affordable and convenient. Many hot tub dealers offer competitive promotions and holiday-specific deals, allowing you to save money when financing your hot tub. Here are a few things to remember:

  • There will be a minimum credit score requirement you must meet.
  • Spa brands and stores work with different lending partners, which could work for you or against you.
  • Applying for credit approval could affect your credit rating.

A popular lender for in-store financing is Wells Fargo Bank, N.A., which provides flexible financing options to help you bring your dream hot tub home. With in-store financing, you can enjoy the convenience of applying for a loan directly at the dealership and secure special financing terms that fit your budget.

The Pros and Cons of Different Financing Options

1. Personal Loans:

The main advantage is that they offer a lump sum of money to cover the cost, and you can choose your loan terms. However, personal loans often require a good credit score and may have higher interest rates.

2. Dealer Financing:

Many hot tub dealers offer their own financing programs. This option is convenient because you can get approved at the time of purchase, simplifying the buying process. However, dealer financing may have higher interest rates and limited loan options compared to other lenders.

3. Credit Cards:

Using a credit card to finance a hot tub purchase can provide flexibility and convenience. You can make monthly payments and even earn rewards in the process. However, credit card utilization can affect your credit rating all by itself. Also, if you miss a payment, credit cards have high interest rates, so be mindful of the additional cost in the long run.

4. Home Equity Loans:

If you have equity in your home, you can consider a home equity loan to finance your hot tub. This option typically offers lower interest rates compared to personal loans or credit cards. However, it involves putting your home as collateral and may have longer loan terms. Your spa will be a great intangible benefit, but may not offer a complete financial return on investment. You will also have to satisfy your bank’s equity requirements.

5. Online Lenders:

Online lenders offer a convenient and secure process for hot tub financing. They usually have quick application processes and offer a variety of loan types and amounts. However, online lenders may have higher interest rates and charges.

About The Interest Rates

Interest rates for hot tub financing options can vary depending on several factors. Your credit score is one of the main determinants, as lenders typically offer better rates to those with higher scores. The type of lender you choose, such as a bank or online lender, can also impact your interest rate. Additionally, your income and credit history can play a role in determining the rate you qualify for.

For home equity loans, interest rates are typically lower because they’re secured by your home. Home equity lines of credit may have variable rates, which can be advantageous if rates are low, but they may increase over time. Personal loans often have slightly higher rates, especially if you have a lower credit score.

Credit cards tend to have higher interest rates, so it’s important to consider the additional costs in the long run.

Be sure to compare APR rates for all available financing options. APR includes not only the interest rate but also any additional fees or charges associated with the loan. By considering all these factors, you can make an informed decision about the financing option that best suits your needs and budget when purchasing a hot tub.

Payment Terms

These include interest rates, loan duration, and minimum payment amount. Interest rates can affect the overall cost of the loan, so it’s important to compare options.

The loan duration determines how long you’ll be making payments. Shorter terms may mean higher monthly payments but less interest paid overall. Longer terms can result in lower monthly payments, but you might pay more in interest over time.

Lastly, the minimum payment amount determines the smallest amount you need to pay each month. It’s important to consider your budget and choose a payment that works for you. 

Impact on Credit Score

Financing a hot tub can have both positive and negative impacts on a consumer’s credit score. On one hand, making payments on time can help build a positive credit history. On the other hand, a high debt-to-income ratio or missed payments can lower a credit score.

Fortunately, when using the HFS rate checker for hot tub financing, consumers can explore their options without worrying about a hard credit inquiry. This means their credit score won’t be affected just by checking rates.

By responsibly managing their hot tub financing, consumers can improve their credit score over time. It’s important to make timely payments and keep the debt-to-income ratio in check.

With the HFS rate checker, consumers can find the best financing options for their hot tub purchase. They can compare rates and loan terms from various lenders to make an informed decision without impacting their credit score.

Applying for a Loan

Applying for a loan to finance a hot tub purchase is a simple and straightforward process.

With the convenience of online lenders, consumers can easily find and compare various loan options at their fingertips. By filling out an online application, individuals can provide the necessary information required for the loan approval process.

This may include personal and financial details such as income, employment history, credit score, and desired loan amount. Upon submission, lenders will evaluate the application and provide loan offers with different terms and interest rates.

It’s important for consumers to carefully review these offers and consider factors such as the loan amount, repayment period, and any additional costs or fees associated with the loan. 

Preparing Necessary Documents

You’ll typically need proof of income, such as recent pay stubs or tax returns, to demonstrate your ability to repay the loan. Proof of identity, like a valid ID or passport, ensures your application is authentic.

To verify your residency, include documents like utility bills or a lease agreement. Proof of employment, such as an employment verification letter, shows the stability of your income. Lastly, make sure to complete the loan application form accurately and provide any additional requested documentation.

Understanding Your Credit Score

Your credit score plays a key role in determining what financing options are available to you when purchasing a hot tub. Lenders use your credit score to assess your creditworthiness, which influences the loan terms and interest rates you may qualify for.

Several factors impact your credit score, including payment history, credit utilization, length of credit history, types of credit used, and new credit accounts. Maintaining a good payment history, keeping credit card balances low, and avoiding opening multiple new accounts can help improve your creditworthiness.

To strengthen your credit score, make sure to pay your bills on time, regularly review your credit report for any errors, and avoid maxing out your credit cards. It’s also essential to keep a close eye on your credit utilization ratio by keeping your balances low.

Where to Apply for a Loan

When financing a hot tub purchase, there are several lenders and financing options to choose from. One popular choice is the Wells Fargo Outdoor Solutions credit card, which offers special financing terms for qualifying applicants. Another option is Ally Lending, an online lender that provides personal loans for a variety of purposes, including hot tub purchases.

Applying for financing through Wells Fargo or Ally Lending is a straightforward process that can be done online. With Wells Fargo, you can enjoy the convenience of monthly payments and special promotions, while Ally Lending offers competitive rates and flexible loan terms.

Epic Hot Tubs Specific Financing Options

When it comes to financing a hot tub purchase, Epic Hot Tubs offers specific financing options to make it easier for customers to bring relaxation and luxury into their lives. 

Wells Fargo Financing

With Wells Fargo Financing, financing your hot tub, swim spa, or sauna has never been easier. Enjoy flexible terms, special promotions, and the convenience of making manageable payments. Financing is available with approved credit, and with Wells Fargo, you can find the perfect financing option to fit your budget.

Applying for financing is simple. Just visit the Wells Fargo Financing website to fill out the online application. Once approved, you can start enjoying the quality of life that a hot tub brings. Don’t miss out on the relaxation and stress relief that comes with owning a hot tub – apply for Wells Fargo Financing today!

Viking Capital

Viking Capital offers flexible financing options for purchasing hot tubs. With competitive loan terms and reasonable interest rates, it’s a great choice for those looking to finance their relaxation. The application process is hassle-free and can be easily completed online.

Benefits of choosing Viking Capital include a secure process, quick approval, and the ability to enjoy your hot tub without the stress of paying upfront. However, it’s important to note that loan terms and interest rates may vary based on credit history and other factors.

HFS Financial

HFS Financial is a leading provider of financing options for hot tubs and spas. With their expertise in spa financing, swim spa financing, and hot tub financing, they make it easy for customers to find the perfect payment plan for their needs.

HFS Financial is a preferred choice for many because of their swift loan approval process and competitive interest rates. By partnering with HFS Financial, customers can enjoy the convenience of financing their hot tub or swim spa purchase, without the stress of paying upfront.

Whether you have excellent credit or need to work on improving your credit score, HFS Financial offers flexible loan options that are tailored to your situation. 


Looking to finance your hot tub purchase? Affirm offers a convenient online loan option. With Affirm, you can select payment terms of 6, 12, or 18 months. The best part? There’s no penalty for early payment, allowing you to pay off your loan ahead of schedule without any extra charges.

What sets Affirm apart from credit cards is its transparent and easy-to-understand loan terms. You won’t have to worry about hidden fees or fluctuating interest rates. Plus, Affirm’s secure online application process makes financing your hot tub a breeze.

Wondering about the loan amount? Affirm offers a maximum loan amount that suits a wide range of budgets, giving you the flexibility to choose the hot tub that fits your needs.

Making Informed and Strategic Financial Decisions

When it comes to financing a hot tub purchase, making informed and strategic financial decisions is key.

Optimizing Your Investment

When investing in a hot tub, it’s important to optimize your financial commitment. By that, we mean getting the most value for your money. Here are some strategies to make the most of your investment.

1. Select a High-Quality Hot Tub: Choosing a well-built, durable hot tub ensures long-term enjoyment and minimizes the need for costly repairs or replacements.

2. Prioritize Energy Efficiency: Opt for an energy-efficient hot tub model to reduce monthly operating costs. Look for features like efficient insulation and advanced filtration systems.

3. Consider Long-Term Savings: While a high-quality, energy-efficient hot tub initially may have a higher price tag, it can result in significant long-term savings on utility bills and maintenance costs.

4. Explore Additional Features: Enhance your hot tub experience and increase the value of your investment by selecting models with features like LED lighting, Bluetooth speakers, and therapeutic jets.

5. Invest in Accessories: Accessories such as covers, steps, and water care products not only enhance your hot tub’s functionality but also protect and prolong its lifespan, ensuring long-term satisfaction.

Navigating Potential Challenges

If you have good credit, there will be fewer challenges. The major credit bureaus probably want to give you more loans!

If you have a less-than-perfect credit score, getting approved for financing might be difficult. You might want to opt for a bad credit loan. These can help people get started, but it’s worth checking other options. Could you save money for a period of time to reduce your interest rate or even pay for the hot tub in cash?

To overcome these challenges, it’s important to take proactive measures. Start by improving your credit score by paying bills on time and reducing debt. Research different financing options and compare interest rates and loan terms. It’s also wise to save for a down payment, as it can help secure better loan terms.


In conclusion, financing a hot tub requires careful consideration of your budget and financial health. Evaluate your budget to determine how much you can comfortably afford and assess your financial health to improve your credit score if needed. Explore different financing options to find the best fit for your situation.

Remember, financing a hot tub is an investment in your well-being and quality of life. By making smart financing choices and working with reputable dealers, you can enjoy the stress relief and relaxation that a hot tub brings. Don’t let financial barriers hold you back. Start exploring your financing options today and make your hot tub dreams a reality.

son and indulge in some bubbling, rejuvenating therapy in the comfort of your own backyard!

About The Author:

Manny Brambila

Pool & Spa Expert

Manny has been in the Pool & Spa industry for over 15 years and is considered a pool, swim spa, & hot tub expert. He has been a Certified Pool & Spa Operator (CPO) since 2009 and worked 15 years in aquatic training and development for the largest pool chemical and customer care company. He also has been an outside consultant for the Pool and Spa industry in Chicago, New York and Los Angeles since 2018. In the past few years Manny has become Director of Operations for Epic Hot Tubs with a priority of providing customers with the most reliable information and best service possible.