When it comes to large appliances, many people choose to use their current ones all the way up until the day they die. While this does ensure maximum use, it doesn’t allow you to effectively plan a new appliance purchase when appliance prices are at their lowest.
Instead, try to get a rough idea of when your appliance will go out of commission. Then, begin planning your purchase before the appliance breaks. This strategy will ensure that you get the best bang for your back.
Keep in mind, many companies provide an estimated lifespan for your appliance to give you an idea of when it’s likely to fail. Keep track of its usage to know when you’re getting close to the maximum. Also, if your appliance is performing poorly, it may be on its last legs and is probably using too much energy. For example, if your fridge is struggling to stay below 40 degrees Fahrenheit, it’s not functioning as well as it should and your energy bill may even reflect this.
One other advantage to replacing appliances sooner is that many new models have more efficient technology that can save you money on utility bills. For example, some new washers require less water to run, and dryers are available with sensors that detect when clothes are dry. This allows you to save money on water and electricity and minimize wear and tear on your wardrobe at the same time.
Best Times to Buy a New Appliance
For all major appliances (other than air conditioning units), consider timing your purchase to the suggestions below.
1. September and October
The best time to buy most major appliances is during the months of September and October. During these two months, manufacturers unveil their latest models. This means that the previous year’s models must be discounted in order to make room for the new models that will hit stores in the winter.
The exception to point number one is refrigerators. Unlike the other major appliances, most manufacturers roll out their new models of refrigerators in the summer. This means that last year’s models get discounted during the spring.
Some stores hang on to older inventory while they make the transition from last year’s models to the next. But once the new year hits, all of last year’s remaining models must be discounted even further. Though better deals may be available at this time, selection will be limited.
4. Any Holiday Weekend
Retailers have sales that correspond to virtually all holidays. Columbus Day, President’s Day, St. Patrick’s Day, Memorial Day, Labor Day, and most other minor holidays are good times to get great deals. Case in point, Black Friday (the day after Thanksgiving) can be a perfect time to purchase a major appliance.
Remember, just because a retailer advertises an item on sale doesn’t mean it’s the best price. Make sure you comparison shop first to know whether or not the advertised deal is really the lowest around.
5. End of the Month
As many appliances are sold on commission or subject to quotas, the end of the month can be an excellent time to negotiate serious savings. With that said, always try to negotiate regardless of what time of the month it is. After all, the worst that can happen is they won’t lower the price. Here are some negotiation strategies that you can use to increase your chances of success.
Appliance stores as well as furniture stores are nightmares on the weekends. The parking lots are jammed, the sales people are all busy, and you may feel rushed into a decision. To get the best deal, avoid the weekend rush and make time for your appliance shopping during the week, even if that means adjusting your work schedule or going in the evening. You’ll get more attention from the salesperson, and possibly a better deal to boot.
7. Anytime Online
By just running a quick search, you can get a good idea where the best deal is online. The best months to buy online don’t differ from the best months to buy in brick and mortar stores, but good online prices can be found year-round. That said, remember to factor shipping into the final cost.