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[Daped01]

I realize there are many factors into the cost of a boiler,(size, model, hardware etc) but I'm trying to figure  out now I can afford to finance one on an already tight budget.  I know I will probably get alot of people saying how can I afford not to get one when propane is the way it is.  I just need some concrete facts on average costs to bring to the boss...(aka wife) 


What type of financing do you have, aproximatley what type of monthly payments would I be looking at, how long do you finance out for etc.


Thanks in advance.

[Ridgekid]

There is a lot to look at when purchasing a OWB, not just the cost.

1. Do you have a supply of wood? Is it free or will you be buying it?
2. Depending on your location-How much wood do you need?
3. Can you do part of or all of the installation?
4. Do you have time to cut and split the wood?

Financing-I can tell you this:
Financing can be hard nowadays in our economy. Cash seems to be harder. Both my Son and I went through separate Credit Unions. In order to get the cheaper rate of interest we put up collateral. They take the payments right out of our direct deposits. His payments are cheaper than what the kerosene guy wanted with their budget plan. Mine turned into another 'bill" but I'm happy all my heating is done outside now.

[Daped01]

i'm not too worried about the wood.  going by what several neighbors/relatives use for wood with similar size houses.  I can get a semi load of wood for $1,000.  That should last me 2 or possibly 3 winters.  Last year alone i spent over $1700 in propane.  My Dad/brother have a large 2 story house with pex laid below the flooring of the first floor, and a water/air heat exchanger in the furnace keeping their house at 75-80 all winter, and the stove over 100' away from the house goes through 10-12 cords a winter.  I have a smaller, 1 floor house with better insulation and cannot put pex in the flooring and won't have the t-stat that high figure 5-7 cords a year (but i'm trying to budget for 10 a year to be safe.  a semi load = 20 cord)

[mcarter]

The math for propane works for getting a wood boiler. But if your buying your wood, that changes things a bit.

If you can predict with certainty that the cost of propane will increase over the next 5 years, that scenario would probably be about equal even with buying wood.  It would be difficult to recommend an OWB (as much as I love them) for you if your budget is already tight.

If your home can be heated with the smaller units, it would make the argument a lot easier!

I wish you luck, you would enjoy an OWB!

Michael

[MattyNH]

According to the Central Boiler web page..CB furnaces start at $142 a month.. Course theres a * next to it....All said and done its not cheap..It is a investment that will pay for itself quickly with these high oil/gas prices.. Go to a dealer and find out about the financing then go to the bank and see who has the better interest rate..One thing owing a OWB..You gotta like doing wood!

[Ridgekid]

CB offers a link to a finance company. I went this route first but the interest rate way way too high!

[oldchenowth]

Wood Doctor also had a link to a financing company.  The dreaded equity loan maybe?  Noone is going to make it easy to try and actually save money, but there has got to be someone out there.  I don't know if any of the stove companies offer anything along the lines of financing or not.  I would guess the best rate would come from a credit union.

[mikenc]

I would try to avoid finance companys. Interest rate usually way to high. I would try local bank. Pay back using finance company will be a lot longer coming. Like has already be mentioned buying wood, having time to cut split, stack. Buying,or borrowing  wood splitter unless you like spliting by hand which will involve more time. Possibly buying chain saw.

You have to enjoy cutting wood if you own owb or you will feel like a slave to it. They are a big investment but if the price of fuel oil propane keep going up which they probably will  I think they are a good investment. In my opinion

I have found that borrowing money is easy, its the paying it back that can be rough. So weigh all you options and make your decision wisely.

[Jcl]

Wood Doctor also had a link to a financing company.  The dreaded equity loan maybe?  Noone is going to make it easy to try and actually save money, but there has got to be someone out there.  I don't know if any of the stove companies offer anything along the lines of financing or not.  I would guess the best rate would come from a credit union.

wood doctor!   don't order from factory only bye one from dealer who has on instock I'm at 4mos still don't have my boiler had to get my own shipping company to  get it for me supposed to be here mon??? 

[willieG]

Wood Doctor also had a link to a financing company.  The dreaded equity loan maybe?  Noone is going to make it easy to try and actually save money, but there has got to be someone out there.  I don't know if any of the stove companies offer anything along the lines of financing or not.  I would guess the best rate would come from a credit union.

wood doctor!   don't order from factory only bye one from dealer who has on instock I'm at 4mos still don't have my boiler had to get my own shipping company to  get it for me supposed to be here mon??? 

4 months and not on site..i would say they are not too interested in selling you one at all! i would be very afraid of a company like this. if you are standing there with a fist full of money and they are not in a hurry to take it, what will it be like if you need warranty done...cancell your truck, your order, and run like hell!

[Jcl]

Oh, theres even more to my  story  Im just trying to help others.   they are great stoves but only buy  one if you see it in front of you

[willieG]

i think there may be a lto of "no more factory stoves" if all this talk about new testing having to be done to get them certified. testing i think cost a lot of cash and that may chase a lot of manufaturers away. those that remain may have to build a better stove?

[MattyNH]

i think there may be a lto of "no more factory stoves" if all this talk about new testing having to be done to get them certified. testing i think cost a lot of cash and that may chase a lot of manufaturers away. those that remain may have to build a better stove?

¤
From what I've heard its cost $250k to have each modle be epa phase 2 certified

[Daped01]

I'm not worried about the wood aspect of it.  My dad and brother have a splitter, both have done wood for as long as I can remember, we will just have a giant wood splitting party!  lol.  I'm about 45 minutes from the CB Factory, and Heatmor is about 300 yards outside the back door of my employer.  My uncle is in R&D at heatmor, he's trying to get me a returned stove cheap that he can fix up good as new, but....those darn heatmors aren't coming back too terribly fast lol.