Large home appliances are a major investment nowadays, with four-digit and even five-digit prices. You will probably like the opportunity to buy them and of course you know how to keep your eye out for discounts or discounts when closing stores. But you may not realize that there is a predictable pattern for when offers on dishwashers, refrigerators, washers / dryers, etc. happen.
Like the automakers, appliance manufacturers periodically introduce new models. For most, the main launch period is between September and December. So many of last year’s toys are being sold at much lower prices during these months. However, some appliances may be cheaper at other times of the year, especially if they are seasonal (consider heaters or air conditioners).
Whether you are shopping online or in a store, the price of each device varies depending on the type, model and season. The key is to plan your purchase so that you can replace old appliances before they break down and leave you in despair.
What is the best time to buy appliances?
The best time to shop for a device depends on the type of device you need.
Some devices have historically had lower prices in certain months or seasons. Dishwashers, dryers and dishwashers are usually sold in September and October, rows and ovens in December and January and refrigerators in May. Some months are popular with some manufacturers. For example, Maytag has traditionally set May for serious discounts on its devices, setting it as Maytag month (do you understand?).
Some holidays that mark the change of season are also the best time for offers. Indicative cases: Memorial Day (beginning of summer), Labor Day (beginning of autumn) and Black Friday (beginning of holidays) and the weekends around them.
Other times to shop for devices include the beginning of the month when people feel unwashed because they have cleared up last month’s bills and received new salaries. Fifth, when many retailers try to attract people before the weekend rush. and the end of the month, when sellers rush to meet their quotas.
When is the best time to buy different devices?
Discount peak season
Larger appliances such as stoves, ovens and washers / dryers are best bought during the off-peak period for greater economy. Keep in mind that these periods can often be combined with festive discounts such as Mother’s Day, Father’s Day and New Year. A standard discount is about 20% to 25% off the list price, but can sometimes be as high as 50% or 70%.
END OF THE YEAR
Smaller appliances, such as coffee makers, toasters and microwave ovens, are usually available at the end of the year when manufacturers try to clean shelves for newer models. Rarely is there a big difference between last year’s models and the brand new ones. By buying a model that is not available, you can often get almost the same device for almost half the price.
Out of season
Buying seasonal items when out of season is another smart way to save on home appliances. For example, buying an air conditioner when winter is approaching is smart, because most other people are busy looking at heaters and ovens now. Likewise, heaters and boilers are cheaper in the summer, because this is the time when people think of grills and coolers. Just a warning: Many items may be out of stock, so your options may be limited during the off-season.
Other tips for buying devices
Your device has died suddenly and you’re looking forward to the discount season – you need it now. Consider the following storage methods.
Request discarded / floor models
Buying a model on display floor can save you up to 15 percent on retail sales, as can buying a discontinued model. Stores may not be advertising this option, so be sure to ask your seller or manager.
Examine refurbished or certified refurbished models
Devices with minor or cosmetic defects or devices that have been labeled as certified refurbished by the manufacturer are often offered at very low prices. However, when looking at less than perfect appliances, make sure they do not have cracked or broken glass panels, come with a warranty and are in working order with all components intact.
Try small, independent businesses
You are more likely to find better deals in local, independent businesses than in reputable retailers. They may even go the extra mile to offer benefits such as free repairs or installation.
Compare and shop online
You can compare the prices of the devices on the internet before you even head to the store. Sites like PriceGrabber and Google Shopping let you search for discounted prices on devices. You can also find used devices for a fraction of the original price on eBay and Craigslist (though often these are not covered by warranties). Online markets like Amazon often have special price offers on new devices.
How long do the devices last?
Knowing the lifespan of devices can help you determine when to start buying new ones. The table below shows the average lifespan of the most common home appliances.
|Air conditioner||13 years|
|Electric range||13 years|
|Gas range||15 years|
|Electric oven||13 years|
|Gas oven||15 years|
|Electric oven||15 years|
|Gas oven||18 years old|
|Electric boiler||13 years|
|Gas boiler||21 years|
|Coffee maker||6 years|
The best ways to finance device purchases
Replacing one or two large devices can be difficult financially, but the following options can make the costs slightly more bearable.
- Retail payment plans: Some retailers have payment plans where you can pay 30% at the time of purchase and the rest in the coming months. Often there is no interest rate – for some time. If this happens, you will have to pay the entire balance before the end of the offer period.
- Personal loans: A personal loan, also known as a home improvement loan, available from most banks and lending institutions, has a fixed interest rate and a repayment period of between 12 and 60 months. If you need to finance a large purchase of an appliance – such as a boiler, oven or the entire HVAC system – and have good credit and a steady income, a small personal loan could be a quick and easy solution.
- Home equity loan: If you are replacing several appliances at the same time, a home equity loan could help save you money. Using your home as collateral, you could borrow out on its equity and then repay it for several months or years. This is often called a second mortgage and is useful for financing home remodeling or remodeling projects involving new appliances.
- Home Equity Credit Line (HELOC): It is similar to a home equity loan in all aspects except the amount you can borrow: Instead of a lump sum, HELOC gives you a renewable credit line. A HELOC is especially useful when you have to make a lot of device purchases over the course of a few months and you are not sure about the total cost.
When is the worst time to buy appliances?
The worst time to buy a new device is whenever you desperately want to replace it. You are more likely to buy any option you come across for the first time, regardless of cost, because you do not have time to shop.
Buying a new model immediately after its release is also a bad idea: the price and demand will be at the highest levels. Even if the manufacturer offers a tempting discount, you will have no chance.
Seasonal appliances are also more expensive when they are in season. Buying an air conditioner in mid-summer and a radiator in winter is probably not the smartest move.
Next steps for buying devices
Use the current status of each device to develop a plan for its replacement. This way, you not only start exploring your options early – and before the best time of year to buy this particular type – but you can also start saving money for them.
Knowing the best time to buy appliances can help you maximize savings while renovating your home. You will be able to win seasonal retailer sales and manufacturer discounts to get the best models. Planning ahead to replace your appliances will also give you time to save money or secure financing, such as a home improvement loan, equity loan or HELOC.
One thing is for sure: The wrong time to buy a device is when it breaks down. Because then, faced with piles of spoiled food or dirty clothes, you will probably pay for anything.