Owning a hot tub is a significant investment in your wellness and quality of life. When shopping for a new hot tub, you’ll want to ensure that the model you choose is the right fit for your home, lifestyle, and financial situation.

A high-quality hot tub comes with a price tag ranging anywhere from $4,000 to $20,000+, depending on many factors, including overall quality, design, performance, and features.

After you choose the model and features that will best meet your needs, you can pay cash upfront for the purchase or finance the amount with a hot tub payment plan that fits within your budget. Below are some different options for financing hot tubs, including examples using different price points and interest rates to illustrate how those factors affect the monthly payments.

Hot Tub Financing Options

Financing through your spa dealer

Ask your Hot Spring Spas dealer about their financing options. Many dealers have arrangements with banks and credit unions that can help streamline the process of getting credit for a hot tub.

Personal loans

These loans are unsecured, meaning that you do not need to put up any collateral. However, interest rates on personal loans are typically higher than on home equity loans and HELOCs.

Credit cards

A credit card can be a quick, convenient way to finance a hot tub. Some cards have the added benefit of providing rewards and perks. Be mindful of your available credit as well as the interest rate on the card you are using, especially if you don’t plan to pay the balance off quickly. Shopping for a low rate on a new credit card can make a big difference on the overall cost of your purchase.

Home equity loans or Home Equity Lines of Credit (HELOCs)

Home equity loans and HELOCs are two ways you can use your home as collateral to obtain a hot tub loan. To qualify for either option, you will need to have at least 15% equity in your home. Both options can have low-interest rates, but you risk losing your collateral if you default on the loan.

Interest Rates and Length of Payment Terms

The monthly payment for a hot tub is based on two factors: interest rate and length of the loan term. If you qualify for a 0% APR financing promotion, your monthly payment will simply be the principal price (total upfront cost without interest) of the hot tub divided by the number of months in the loan term.

However, most traditional lenders will require you to have good credit (a score of 670 or above) to qualify for a 0% APR spa financing promotion. Hot tub financing with bad credit is still possible, but you will likely be offered a higher interest rate. To offset this, you might consider putting more money down or stretching payments out over a longer time.

When there is not a zero percent promotion to take advantage of, the monthly payment will include interest. Your interest rate will vary based on the market, and your own personal credit.

Typical Monthly Payment to Finance a Hot Tub*

0% APR Offer
  $5,000 $10,000 $15,000 $20,000
36 mo $139 $278 $417 $556
48 mo $105 $209 $313 $417
60 mo $84 $167 $250 $334
3.99% APR Offer
  $5,000 $10,000 $15,000 $20,000
60 mo $93 $186 $279 $371
6.90% APR Offer
  $5,000 $10,000 $15,000 $20,000
75 mo $83 $165 $248 $330

Tips for getting the best possible interest rate on your hot tub loan:

  • Get pre-approved for a loan before you start shopping for a hot tub. This will help you set a budget by giving you an idea of how much you can borrow and what your monthly payments will be.
  • Explore the spa financing programs offered by your hot tub dealer. These programs may offer competitive interest rates and terms.
  • Shop and compare rates from different lenders. Consider credit unions, banks, and online lenders. Be aware that too many inquiries can impact your credit score.
  • Consider using a home equity loan or HELOC to finance your hot tub. These loans typically have lower interest rates than personal loans or credit cards.

The Benefits of Financing a Hot Tub

Financing your hot tub at a competitive rate may open the door for you to upgrade to a better spa with more features. Compare what your payment will be based on variables including the cost of your spa, the interest rate, and the term of your loan to settle on a payment that works for your budget. Keep an eye out for dealer promotions — a zero percent or low interest rate will save you hundreds of dollars over the life of your loan.

Explore our Hot Tub Deals to take advantage of current deals on hot tub pricing and financing.

Learn More About Your Financing Options

To find out what financing options are available to you, we recommend contacting your dealer or completing our quick financing form. Your local, authorized Hot Spring dealer will contact you directly when your form has been submitted.

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