How to Save Money on Appliances
You don't have to spend thousands of dollars to equip your kitchen with quality appliances. Stovetops, ovens, refrigerators, and dishwashers aren't cheap, especially if you want energy efficient brands that will last. You can save money at home all at once by following these tips when you start shopping for appliances. These tips can also be used for smaller appliances such as mixers, toasters, microwaves, and coffee makers.
Is Cheaper Better?
When it comes to shopping for new kitchen appliances, most of us look only for a low price in order to save money. Quality shouldn't be overlooked because it can directly affect the cost of an appliance over time.
For example, if you buy a refridgerator, you might have a choice between a refrigerator that costs $400 and one that costs $500. The one that costs $500 is a quality brand that is known for its quality refrigerators. On top of that, they specialize in mini refrigerators. You aren't familiar with the $400 refrigerator, but it looks nice and looks like it could stand the test of time.
You might decide to buy the cheaper one because you will save money today. However, if it doesn't last as long, you will be buying a new one sooner. The longevity of the appliance is important if you want to save money, however, a more expensive product isn't always better.
Finding the Right Product
Whether you're looking for a refrigerator, oven, dishwasher or smaller appliance, have a list of specific products with you when you go into the store. This way you can ask questions about your favorite models.
A large kitchen appliance can cost anywhere from $400 to $5000 or more. Don't buy recklessly just because you want to save time or money. Shop around for different brands at different stores. Most of us have big box stores like Lowes or Home Depot nearby as well as smaller appliance companies. Check them all for the best price on the same products.
Don't forget to look online. If you have a smart phone, check prices online while you shop in store. You could find a better deal. Sometimes you might decide you can do most of your price matching online which will also save you time and trips. Also, keep an eye out for coupons and discounts that can make different stores more attractive by price. Factor in shipping as well.
Time Your Shopping to Save More Money
Join a Rewards Program
If the store doesn't offer rewards perks, use a cash back credit card when you shop. Even a small 1% cash back is a big deal when you spending hundreds or thousands of dollars. A $1,200 refrigerator would give you $12 cash back at 1%. Some stores offer store credit cards with up to 5% cash back for a $60 refund. That's definitely worth your while.
Buy Used or Damaged Appliances
You can save a lot of money just by purchasing appliances used or damaged. Look on craigslist.org for products in your area. Some people can return brand new appliances and must sell them at a steep discount online.
There are also stores that sell scratched or dented appliances at a much lower rate. If you don't mind a few scratches or dents, it's worth the bargain. Sometimes you can even see the scratch or dent when it's installed in your kitchen.
Before you go out and buy, you might find fixing old appliances instead of buying new ones a better choice. Crunch the numbers to help you determine the best way to save on your new kitchen.