There are two kinds of people. People who use their appliances until they completely break down, and people who don’t wait that long to begin the search for the best time to buy new appliances.
Irrespective of the ship you’re sailing, one thing is certain – there’s the need for a replacement. The question remains, “What is the best time to buy appliances?”
I come bearing the answers to your question (and then some) in this article. Stay with me as we demystify this mystery.
What Is The Best Time To Buy Appliances?
The best times to buy appliances are listed below:
#1. Holidays And Holiday Weekends
The most popular holidays for getting great deals are Black Friday and Cyber Monday. However, there are other holidays and holiday weekends throughout the year where retailers offer discounts on their products, such as:
On President’s Day, merchants like Best Buy, Lowe’s, and Sears offered between 30% and 50% off refrigerators, microwaves, and washers and dryers. On Black Friday, Home Depot advertised up to 40% off of appliances with special buys, plus instant savings of up to $500 when you buy two or more select appliances.
You can get as much as a 50% discount during the holiday sale. Some retailers offer additional incentives too. For example, Best Buy had a special offer where you get a free $200 gift card when you buy two or more select Samsung appliances.
#2. Right Before The Release Of A New Model
It’s normal for the prices of newly released models of electronics to be astronomical. Thus, it is wisest to wait for the price to reduce to enable you to strike a better bargain.
However, this is the best time to buy appliances from previous years, as retailers reduce the prices on those models to create room for new inventory.
Some manufacturers also offer discounts on old models during the months’ the new ones are unveiled.
#3. At The End Of The Month
If a retailer wants you to buy an appliance more than you need to buy an appliance, you stand a chance to buy it at a good discount. Some retailers and appliance salespeople have monthly quotas. And the goal is to meet that quota at the end of the month.
So, if you want to get an appliance at this time of the month, you can ask for a discount. Worst case scenario, they refuse. If the price is affordable, you can buy it, if not you can go to another store.
#4. Certain Months
The last four months of the year – September, October, November, and December, are the months when appliance makers unveil new models. This means that stores are often more willing to give deals on previous models at that time.
Refrigerators aren’t the same, though. The makers usually release new models in the spring, so that’s a good time to buy a fridge. May is also the Maytag month when retailers offer discounts and savings on Maytag appliances.
#5. Back-To-School Sales
My college shopping list didn’t just have clothes and provisions in it. I also had to get appliances like a microwave, mini-fridge, and a space heater.
Manufacturers know this and that’s the reason several back-to-school sales will include affordable appliances, especially smaller models. That makes it the best time to buy appliances, especially if you prefer smaller models.
#6. Buying In The Off-Season
People use room heaters in the winter, barbecue grill in the spring and summer, and air conditioners in the summer. These appliances will be in high demand at these times. Consequently, the prices will also skyrocket.
Now, imagine what would happen to these same prices in the opposite seasons. Room heaters in the summer, barbecue grill in the winter, and air conditioners in the winter; when the demand is minimal.
That would be the best time to get these appliances as their prices will unarguably drop drastically.
What Is The Best Time To Buy Appliances Online?
It’s a lot easier to shop online, as it allows you to find the prices of different products at multiple stores; in a matter of minutes. However, you should do your homework first to know exactly the brand and model you want.
According to CEO Doug Berg’s report on House Logic, the best time to buy appliances online is by 3 p.m on a Thursday. Retailers are more likely to reduce prices by that time and on that day.
What Is The Worst Time To Get An Appliance?
Whenever a new model of an appliance is released, there’s always the pull to get it immediately. With the new specifications, improvements in aesthetics, and whatnot. However, you don’t want to make the mistake of buying it just after it’s been released.
Consumer reports studied a year of pricing data on roughly 1,500 cooktop ranges and found the prices on new models were higher during the first half of the year and declined with each holiday after the Fourth of July.
The prices on new dishwashers followed a similar pattern, where they were at their highest at the beginning of the year and declined throughout the year as Black Friday approached.
If you’re looking to get a new appliance, the best time to buy it is usually after summer.
Also, Benjamin Franklin once said, “Necessity never made a good bargain.” It was true back in Ben’s time, and it’s still true today. Waiting till your appliance breaks down is not a good idea if you want to get a new one at a good price.
I know it sounds counterintuitive to stop yourself from buying something you need. However, there’s no denying the fact that you would get it at a cheaper rate if you buy it before the need arises.
If you wait till your refrigerator goes bad, you would be very desperate. Considering how important this appliance is, you’d probably not be in the position to research or wait for a good bargain.
What If You Need An Appliance Now?
Although you may like to buy your appliances at the best time when they are most affordable, there’s no denying the possibility of being caught in a difficult situation.
For example, if a very important appliance accidentally breaks down beyond repair. Or if you move into a new house with no appliance and the best time to get a new one is months away. In these situations, there are also other options for you:
When I first moved into my first apartment, there were no appliances there and I was desperate for the basic ones. I decided to try Craigslist for a washing machine, a refrigerator, and an air conditioner. I was surprised at the various options available to me. They were slightly used but, they were in good working condition.
If you have any broken down appliance, you could take them to refurbishing centers. In addition to buying and working on bad appliances, they also sell refurbished appliances at mindblowing discounts. These appliances are not brand new, but they would certainly be better than your bad appliance.
Scratch and Dent
During production or transportation, some products may develop a dent pr scratch. These kinds of products are not sold at the same price as the others. There’s usually a steep discount on appliances like that on Goedeker’s. So, if you’re not getting the appliance at a good time, be sure to ask your salesperson if there are any scratch and dent merchandise.
For someone without the luxury of time, this is the best way to buy appliances.
When the assets of a company are to be liquidated, these assets are sold off at good discounts. However, don’t be easily deceived by the supposed “slashes” in price. Do your homework – find out the actual market price of the appliance. This will help you realize just how much discount you’re getting for that appliance.
It’s important to verify the reputation of the pawnshop you want to patronize. Although they also sell large appliances, it’s certainly a risk to patronize a pawn shop. Your feedback on the reviews and repute should help you decide if it’s a risk worth taking.
Price Aggregating Websites
Your home is too important to make prompt purchasing decisions on these essential items. It would be a lot better if you can plan a new appliance purchase.
But even if you run your old appliances to the ground or a new one suddenly breaks down, you still have opportunities to get a good deal.
We can say that given the number of options available, you should never pay full price for a new appliance purchase.
Be sure to remember that to save the most money on your large appliances, it pays to maintain them properly.