Research is essential when purchasing a new appliance, but so is knowing if you really do need one or want one. It is quite an investment. Ron Shimeck, president of Mr. Appliance, a Neighborly company, says the longer you can use an appliance the more money you actually save. The average life span of an appliance can help you decide if a repair or a new machine is in order. Refrigerators and electric ranges can go from 10 to 13 years. Freezers 8 to 11 years and dishwashers and microwave 7 to 10 years. You will also need to think about how energy efficient the product is. Fall is a great time to buy appliances and three day weekends often promote sales for big-ticket items like appliances.
- Typical lifespans range from 7-10 years for microwaves and dishwashers to 10-13 years for refrigerators.
- New models arrive late Fall, so prices may be lower just before then as retailers try to clear out old stock.
- You can try to negotiate the price, which saves close to $100 on average.
“One simple suggestion for timing your purchase is to wait until a long holiday weekend to get a deal.”