While your old refrigerator may still look good and work well, if it is more than 15 years old, it's more than likely using a significant amount of energy -- in fact, more than twice the energy of a new ENERGY STAR certified model.
Old Refrigerators: May use refrigerants that are harmful to the environment, and disposal can be an issue. Overall, while old refrigerators may have some advantages in terms of durability, new refrigerators are generally better for energy efficiency and modern features.
And, if all else fails, you can usually sell your old frig, working or not, for scrap. If your working refrigerator is less than 10 years old and in really good condition you can possibly get a few hundred dollars for it, especially from a private party. At the very least you may be able to snag $25 to $50 as a rebate.
But, as a good rule of thumb, if you have multiple faulty parts or if your refrigerator is over ten years old, it is probably time to replace it. Consumer Reports recommends replacing your refrigerator if the cost to repair it is more than half the price of buying a new one.
Older Appliances Were Designed to Last
The parts were simple and easy to fix, so people could keep their appliances running for much longer than they can today. Unlike modern appliances, which have complex electronics and computerized components that can be expensive to repair or replace.
Some of the most long-lasting refrigerator brands come from GE, LG, and Bosch. These refrigerators come at different price points, whether you are looking for a standard model or high-end appliance.
If your fridge is making more noise than usual, it could be a sign that it is dying. This could be due to a failing motor, compressor, or broken fan blade. If you notice increased noise, it's important to have a qualified technician inspect the fridge.
Older refrigerators may not be worth the cost of repair, especially if you're experiencing recurring issues. Most fridges last 10 to 15 years, and upgrading to a newer and possibly more energy-efficient model may be more cost-effective.
Compressor Issues
The compressor is like the heart of your fridge. If it breaks, it's one of the most expensive parts to replace. Fixing a compressor can cost anywhere from $200 to $650.
Depreciation per year: $750 / 15 years (expected lifespan) = $50 Life left: 15 - 5 = 10 years Value: 10 years x $50 = $500 If the refrigerator is in excellent condition and there's high demand in your area, you might price it around $500.
Refrigerators can cost anywhere from $500 to $12,000 depending on what brands and styles you are shopping for. You can find mid-range models that fit most homes for $1,500 or less if you are on a budget.
Age of the Fridge: If your fridge is over ten years old, has major problems, or is just past its refrigerator lifespan, then it might be time to upgrade it.
According to the United States Department of Energy, refrigerators last approximately 12 years. At that point, it's likely time to replace it. Of course, if your refrigerator is not energy-efficient, you may want to consider replacing it before it stops working.
Disadvantages of refrigerators
Older models can consume significant electricity, increasing household expenses. Regular cleaning and servicing are essential to maintain efficiency, which adds to long-term costs.
As the USDA notes in Keeping Food Safe During an Emergency, your refrigerator will keep food safe for up to 4 hours during a power outage. Keep the door closed as much as possible. Discard refrigerated perishable food such as meat, poultry, fish, eggs, and leftovers after 4 hours without power.
If your 20-year-old fridge has been running well, and only needs minor repairs once in a while, then it is worth keeping it, instead of replacing it. Though, if it ends up needing a major repair, then you should think about replacing the fridge.
“Refrigerators are built to last, and the need to replace a refrigerator varies with how the product is being used and cared for over time,” says Rebecca Cottrell of BSH Home Appliances. The average lifespan for refrigerators ranges from 10 to 14 years, she says.
Buying a new refrigerator altogether might be more cost effective than repeated maintenance and replacement for your fridge's compressor as your refrigerator gets older. A new refrigerator might just be cheaper than several compressor replacements!
Milk has been named the item most likely to expire in the fridge, according to new research. A survey of 2,000 Americans has revealed that 46 percent say they've been caught by a sour scent in their bottle or carton.
Which refrigerator brand is most reliable? All three of the appliance experts we spoke to for this roundup said Whirlpool and LG were the most reliable refrigerator brands due to their durability, reliability and ease of repairs. Samsung and GE were also mentioned by our experts as high-quality fridges.
For example, overloading the fridge with too much food can put extra strain on the motor, which will cause it to work harder and potentially fail sooner. Similarly, frequently opening and closing the fridge door can also lead to premature wear and tear.
Top selling refrigerators in India
Popular options include brands like LG, Samsung, and Whirlpool, known for their reliability and performance. A good refrigerator in India typically comes with energy-saving technologies, spacious interiors, and smart temperature controls, catering to diverse needs.