How to save money when purchasing appliances

Category: Housing

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Are you thinking about replacing some older kitchen appliances? Whether you’re buying a fixer-upper with an outdated kitchen, or you already have a kitchen that can use a bit of an overhaul, upgrades can be expensive. But that doesn’t mean you can’t save money when purchasing your new appliances. The following are some ways you can save on your appliance purchases:

Consider floor models

When a store is getting ready to change inventory, they will often sell their floor models at discounted prices. You may not want to buy used appliances, but instead of purchasing brand new, why not settle for something in between? Floor models might not be in a tip-top shape, but aside from a few dings and scratches, they are still somewhat new.

Shop during the right time of the year

If your timeframe is flexible, you’ll want to wait until late fall, when appliances tend to go on sale and are at their cheapest. If you’re in dire need of a new appliance in the middle of winter, you may just have to bite the bullet. But if it’s already late in the summer and you don’t have an immediate need for the appliance you’re replacing or upgrading, try to hold out until November.

Skip the extended warranty

The warranties you automatically receive with your purchase will almost always be sufficient. The extended warranty is often unnecessary and will just add to the cost of your appliance purchase.

Opt for eco-friendly

From dryers to dishwashers, eco-friendly appliances may cost you a little bit more upfront, but they save you a lot of money over time. Because they use less energy, you’ll see the savings in your monthly utility bill, and you’ll recoup that extra money you spent in no time. 

Invest in trusted name brands

This is another good example of how you can save money by spending it. Similar to opting for energy efficient appliances, shelling out the extra money to invest in trusted name brands for your appliances is the way to go. It might be tempting to purchase the much cheaper alternatives, but this can easily end up costing you a lot more in the end if the appliance doesn’t last long or is difficult to repair. Be sure to always research the specific product you’re thinking about purchasing and to check out the reviews. Steer clear of anything with tons of negative reviews, or very few reviews in general. 

Compare ads and ask about price matching

If you live near a bunch of different stores that sell household appliances, you can easily compare ads and shop at the store that’s offering the best deals. But if your options are limited and you discover that a competitor is offered the same appliances at a better price, bring the ad in with you and ask if they price match. When it comes to big purchases like appliances, many retailers are willing to match the lowest price you find.

Negotiate

Even without price matching, you may be able to negotiate a better price on your appliance purchase. If you’re willing to purchase multiple appliances from the same store, they may be more willing to give you a better deal. If they still won’t budge, see if you can at least get the delivery charges waived.

 

Are you receiving long-term payments from an annuity or structured settlement, but you need cash now? Whether you want to make a large purchase or you have bills you need to pay, Peachtree Financial Solutions may be able to help. To learn more about how you can sell some or all of your future payments for a lump sum of cash, contact Peachtree today. We can answer any questions you may have about the process and provide you with a completely free, no-strings-attached quote.

 

Nothing above is meant to provide financial or tax advice. You should meet with appropriate professionals for such services.

Tags: home remodeling, home renovations, shopping

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