11 Ways To Save Money When Buying New Home Appliances

When buying a home, you don’t just look at the cost of the land and building, you should also factor in the cost of buying appliances and furniture to make your house a comfortable home. At the same time, those who have old appliances may be looking to upgrade to the latest models or a design or colour that works better in your new kitchen. Modernising your appliances is a good thing to do, as most new appliances are more energy efficient, allowing you to consume less electricity and water, therefore helping you save money in the long run. Appliances do not come cheap, and if they do, you may not be getting high quality appliances. But you can be smart about this if you know what to do. There are a lot of ways you can save money and pay less when buying appliances. Here are 11 tips that will help you save a lot of money.

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1. WHAT YOU NEED. First off, you need to find out what you need. Which of the appliances will be subjected to wear and tear? Do you need the newest models or would a slightly older version suffice? Look at the innovations in appliances and make sure you need them. You might want the steamer feature in that dishwasher but do you need the digital display on your refrigerator? These things can help manage your purchasing and help save you money.

 

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2. NEGOTIATE. There is always wiggle room when it comes to expensive home appliances, especially if you more than one in a single store. You can save as much as £100 or more if you haggle well, or pay in cash. If they cannot adjust the price, look for free delivery and installation services, or free extended warranties.

 

3. PRE-OWNED IS GOOD. Some appliance stores offer used appliances that are in good condition. First, you need to make sure you know the model you want, so they won’t talk you into buying a piece of junk, but other than that, if you know what you want, and you know how to shop used appliances, you can save a lot of money going this route.

 

4. WAIT FOR SALES. If you can wait, hold off until Black Friday or Cyber Monday to shop for appliances. Manufacturers also release new appliance models in September and October so you can get lower prices on older models at this time of year. Some appliance stores also hold annual sales or quarterly sales so check their websites or stores for updates.

 

5. LOOK FOR IMPERFECTIONS. Showroom models or appliances with slight flaws and scratches are subject to a lot of discounts, from 10% to up to 50%.

 

6. USE GIFT CARDS AND COUPONS. Gift cards often come with discounts that you can use to save more money. You can stretch the savings further by using coupons from manufacturers or retailers.

 

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7. LOOK AT THE WHOLE COST. If you have found the perfect washing machine to help you with your endless stream of laundry, stop for a minute and think about the other expenses you may incur from the purchase. That heavy duty washer may be capable of handling your large load, but will it also increase your electricity bill as well. And before you buy, ask about installation and delivery fees.

 

8. LOOK FOR REBATES. Some rebate programs allow you to trade in old appliances and get up to £200 per appliance if you will be replacing them with newer and more energy efficient appliances.

 

9. COMPARE PRICES. Appliance sellers offer price-match services, so if you have a particular appliance in mind, you can compare the price of appliances among local and online retailers. They can also give you a refund if they do price drops within a period of time after your purchase.

 

10. DO AWAY WITH EXTENDED WARRANTIES. Extended warranties for big ticket appliances usually cost around £100 and may be unnecessary. Manufacturer warranty is mostly what you will need, and will cover your basic needs, so when a sales associate starts waving around an extended warranty offer, gently say no and just make sure that you properly maintain your appliances to prevent problems and extend their life.

 

11. SELL OR SCRAP THE OLD. Lastly, do not be quick to dismiss your old appliances, as there is value in them, as long as they are still in good working order. You can sell them for cash to offset your new purchases, or sell parts to appliance repair shops. If this doesn’t work you can always take them to the scrap shop and get money for the metal. This way, you get a few pounds you can add to your budget for your new appliances, and you won’t have to worry about how to dispose of your old appliances.

Disclaimer: TheMoneyDaily’s service is not intended to be, nor should it be construed as financial advice. We help our readers make informed decisions and can introduce you to comparison services and provide impartial information and guides. Where appropriate, we may introduce FCA authorised partners who can provide services relating to financial products.

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