You can save money on appliances both before and after the purchase. The first thing to do is assess if you really need a new one in the first place. Repairs on machines that are less than five years old are generally worthwhile, so as long as the total cost is less than half the price of a new machine, go ahead and make the repairs. If done properly, the machine should last for several more years.
Get Only What You Need
If you determine that you really need to get a new appliance, there are things you can do to save money on the purchase. First figure out what you need. An extra large washer or fridge are tempting and exciting, but if you live alone or have a small household, the money spent is pointless. Get appliances that fit your lifestyle. If you have several children, a larger machine makes sense. Otherwise, there is no need for a giant washing system even if they look awesome.
Check Consumer Reviews
Check out the consumer reviews before you head to the stores. Purchasing something that costs a few dollars less, but has a much higher incidence of problems will cost you in the end. Energy Star ratings are helpful in determining how much energy an appliance will use, but each category is graded individually, so it isn’t as helpful as you might think.
Scratches Save Money
If you are looking for new appliances but don’t mind a little scratch or damage, you can often save quite a lot of money purchasing from the “scratch and dent” section of a store. The damage is only cosmetic, and it won’t affect the way the appliance works. Another option is to request the floor model; this technique works best at the end of a model year. Make sure that all warranties still apply to either type of purchase.
Holidays Means Discounts for Consumers
If you must purchase a truly new appliance then it is time to start checking out sales and incentives. Appliances often go on sale in late fall, just before Thanksgiving. Stores feel that people are ready to purchase just before the holidays in order to display a “spruced up” home to anticipated guests. New models start turning up and there is more incentive for stores to get rid of their old inventory.
Compare Store Ads
It pays to get the Sunday papers at this point of the year if you are looking for new appliances. You can compare prices at different stores before you head out the door. Know how much you are able to spend and have several different, but comparable models in mind. Lower end appliances often work just as well as higher end models, but for a fraction of the cost. You really don’t need the fanciest washer on the block to get your clothes clean.
Don’t Forget Delivery
If you are able to pay cash, and you avoid the big super stores, you may be able to negotiate on price a bit. Outlets and single stores are much more flexible in pricing than chains. Unless you have several strong and willing friends, make sure you arrange for delivery and set up as well. If you have ever had to haul a new front loading washing machine up the stairs, you will completely understand why. My wall and back will never be the same.
There is no need to purchase appliances of any kind for full price. Do your homework, budget yourself and strike when you see the price you want for the appliance you need.
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