Need a New Appliance? Here Is the Best Time To Buy One
When an essential appliance such as a fridge or water heater goes out, your focus will likely be on getting a replacement quickly. But if you’re just looking for an upgrade or new addition, you could save money if you can wait until retailers offer special sales. While retailer promotions vary, shopping for appliances around holidays, seasons and model releases is likely your best bet.
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National and Retail Holidays
Major holidays can be a great time for major appliance deals since stores often hold one-day or weekend sales to attract customers. Some examples include New Year’s Day, President’s Day, Labor Day, Independence Day and Memorial Day. Check websites and weekly ads for home improvement stores, appliance shops and electronic stores during these times.
You can also find appliance sales during the winter holiday season, including Black Friday, Small Business Saturday, Cyber Monday and Super Saturday. Other holidays for cheaper appliances include Amazon Prime Day and possibly your state’s tax-free weekend, which might include efficient appliance models.
Late Summer and Winter
Some appliances are mainly in demand during specific seasons, so stores may begin marking them down near the end. For example, late summer can be a good time to get deals on air conditioners, fans and grills, while late winter can bring discounts on heating equipment. You might also find clearance sales or lower prices on such items during the offseason.
Late summer is also when the back-to-school season arrives and college students buy small appliances for their dorms. You’ll often find mini fridges, coffee makers, microwaves and similar items on sale alongside school supplies and electronics.
New Model Release Dates
If you have your eye on a specific appliance model, research whether the manufacturer has announced any upcoming upgrades and note the release date. Retailers often want to clear their old stock to sell newer models, so you could land a clearance deal. In other cases, the manufacturer might continue offering the older version but cut the price so it’s more affordable. Start monitoring prices at stores shortly before the expected model release.
Everyday Tips for Saving on Appliances
Whether you can’t wait to buy your appliance or you want to save more, here are some strategies to use as you shop:
Use online comparison tools to see how retailer prices differ for the same appliance.
Follow Dave Ramsey’s advice and consider refurbished or used appliances to save big.
Ask about open-box or cosmetically blemished units available at a discount.
Skip the high-end model if a budget-friendly option can do all you need.
Check stores for coupons, affiliation discounts and appliance bundle deals.
Consider using cash-back apps or taking advantage of credit card rewards for appliance purchases.
Check any broken appliance’s warranty since you could qualify for a repair or replacement.
Negotiate in-person appliance purchases if the retailer is open to it.
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This article originally appeared on GOBankingRates.com: Need a New Appliance? Here Is the Best Time To Buy One
