A hot tub can be a worthwhile investment — not just in your backyard, but in your well-being. Whether you’re looking to ease sore muscles, manage stress, or simply create a space to unwind at home, hot tubs offer lasting benefits. But many people considering a spa wonder about the cost and whether financing is an option.
The good news? Yes, you can finance a hot tub, and there are several ways to do it. Financing can make it easier to bring home the spa you want without needing to pay the full amount up front.
How much does a hot tub cost?
The cost of a hot tub can vary based on size, features, brand, and quality. For a well-built spa from a trusted manufacturer, you can expect to pay between $6,000 and $20,000. Entry-level models fall on the lower end, while larger spas with upgraded hydrotherapy jets, insulation, and technology are priced higher.
That price tag can make some buyers pause — and understandably so. Whether you’re eyeing a premium model or just starting your research, a hot tub is a big purchase. Even if you have the cash available, you might prefer to keep those funds on hand for other projects or unexpected expenses.
Many local hot tub dealers offer financing packages that let you spread out the cost over time, often with flexible terms similar to what you’d see at a car dealership. In some cases, you might even find special offers with reduced interest rates if the loan is paid off within a promotional period.
Financing can make it easier to move forward with your purchase, especially if you’re buying a hot tub to help manage stress, ease muscle soreness, or support overall wellness. Instead of delaying the benefits, you can start enjoying your spa now while sticking to a monthly budget that works for you.
How hot tub financing works
When you finance a hot tub, you’ll typically apply for a loan through a hot tub dealer’s lending partner or your own bank. Once approved, you’ll make fixed monthly payments over a set term, usually between 36 and 60 months. The amount you pay each month will depend on the total cost of the spa, your credit profile, interest rate, and loan term.
Most buyers can expect:
- Monthly payments that vary based on the price of the spa and loan terms
- Competitive interest rates that may be promotional or based on credit
- A deposit due at the time of purchase, even when financing
Some financing packages may offer special terms such as 4.99% interest if paid off within a promotional window, which can help reduce the total cost of borrowing.
Ways to finance a hot tub
There are several ways to finance a hot tub, and each option comes with its own pros and cons. Whether you want to work with your local bank, use an existing credit card, or explore dealer financing, the right choice depends on your financial situation and long-term plans.
Financing through a Master Spas retailer
This is often the easiest and most straightforward option. Master Spas retailers work with trusted lenders to offer financing tailored specifically to spa buyers — with terms and packages that reflect the unique nature of hot tub ownership.
Because Master Spas has a large network of dealers across the globe, the company is able to negotiate competitive financing rates on behalf of its customers. That means you may have access to better terms than if you sought financing independently.
Financing through your local dealer may include:
- Flexible repayment terms
- Promotional low-interest periods
- Quick approval processes
And because your dealer understands both the spa you’re buying and the financing options available, they can help you choose a loan that fits your budget and your lifestyle.
Personal loan through your bank or credit union
If you prefer to use your own financial institution, a personal loan is another option. Banks and credit unions may offer competitive rates, especially if you have an existing relationship or strong credit history.
Home equity loan or line of credit
If you have equity in your home, you might consider using it to finance a hot tub. These loans often come with lower interest rates, but they may require more paperwork. In addition, your home is used as collateral.
Credit cards
Some buyers may choose to use a credit card, especially if they can pay it off quickly or take advantage of an introductory 0% APR offer. However, credit cards generally have higher interest rates and can cost more over time if the balance isn’t paid off.
What to expect when financing a hot tub
Every situation is different, but here are a few things you should be prepared for.
Down payment: Many retailers require a deposit to reserve and schedule delivery of your spa.
Credit check: As with most financing, your credit score will impact your approval and the terms of your loan.
Flexible packages: Some lenders offer shorter terms with lower interest or long-term loans with lower monthly payments.
Pre-approval: Some dealers can pre-qualify you for financing before you commit to a purchase, which can help you understand your budget ahead of time.
Pros and cons of financing a hot tub
Pros
Makes a larger purchase more affordable over time: Instead of paying the full cost up front, financing allows you to spread out payments in a way that better fits your monthly budget.
Allows you to enjoy the benefits of a hot tub sooner: Rather than waiting months or even years to save, you can bring a hot tub home now and start experiencing the health and wellness benefits right away.
Upgrade to a spa with more features: Financing gives you the flexibility to choose a hot tub with more seating or stronger massage jets.
Promotional rates or low-interest periods may be available: Some dealers offer special financing promotions, such as reduced rates with shorter terms, helping you save money if paid off quickly.
Keeps your cash available for other priorities: Even if you have savings, financing helps preserve that cash for emergencies, home repairs, or other planned expenses.
Cons
You may pay more over time: Depending on the interest rate and loan term, financing can increase the total cost of the hot tub.
Approval is based on your credit: Financing typically requires a credit check, and the terms you receive will depend on your credit history and score.
A deposit may still be required: Even with financing, you might need to make a down payment to secure your hot tub and begin the ordering process.
Ready to explore your hot tub financing options?
Start by browsing spas based on price or seating capacity to find the right fit for your space and budget. Want more personalized guidance? Contact your local Master Spas retailer to learn about current financing offers and what to expect as a new spa owner.
Still comparing costs? Request a quote today and take the next step toward owning a hot tub you’ll enjoy for years.