The average lifespan of a fridge is anywhere between 10 and 18 years, so a 10-year-old refrigerator is right on the line.
A good refrigerator can last for years, but at some point all refrigerators begin to break down. Many factors go into deciding whether to repair or replace. Most refrigerators can last 10 to 20 years. Consider repair if it is less than 8 years old. If the refrigerator is more than 15 years old, consider replacing it.
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.
In the past decade, there has not been a drastic change in the efficiency of refrigerators but older fridges use significantly more electricity compared to the current ENERGY STAR fridges.
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.
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.
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.
According to the 23rd annual portrait of the U.S. appliance industry, standard refrigerators usually last anywhere from 10 to 18 years, with an average life expectancy of 14 years. Compact refrigerator lifespan is even shorter, ranging from 4 to 12 years with an average life expectancy of 8 years.
When you compare the embodied energy of a new refrigerator and the associated carbon emissions to the operating costs of an old refrigerator, it makes little sense to keep a fridge older than about a dozen years.
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.
Check with Your State Energy Office or Local Electric Utility. Local utilities and energy-efficiency organizations support a growing number of refrigerator and freezer recycling programs. Some programs offer cash to recycle your old fridge; others offer utility bill credits. Ask about Municipal Pick-Up of Appliances.
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.
Our Top Pick: LG produces excellent refrigerators that perform well in our tests and receive high satisfaction ratings from consumers, including our survey participants. The Smart French Door Refrigerator with Dual Ice Maker stands out for its simple, user-friendly design and customizable features.
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.
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!
Most refrigerators have a lifespan of about 10-15 years. If your fridge is older than 10 years, it may be time to consider replacing it, even if it's still working fine. Outdated refrigerators tend to exhibit lower energy efficiency, which can significantly impact your energy expenses.
However, if your fridge is under the fifteen-year mark, it's almost always worth the cost of repair. FYI: Most refrigerators can last between 10 to 20 years with regular maintenance, but even the best fridge can't last forever.
Condensation
One of the most obvious signs that you need to replace your refrigerator is if you see an unusual amount of condensation accumulating on the outside surface of the refrigerator or around the edges of the door.
French-door refrigerators have an average lifespan of about 10-15 years, making them one of the more reliable options on the market. Like side by side models, these last longest when they have independent compressors for the fresh food and freezer sections.
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.
The three most common reasons for failures that we see as a result of wear & tear are a mechanically locked compressor, failure of the fan motor, and dirty condenser coils. The refrigerator's compressor is the heart of the cooling system; without a working compressor the refrigerator cannot function.
While refrigerator compressors can be expensive, usually falling between $200 and $650 with an average of $375, the total pales in comparison to the several thousand dollars you'd spend on a new fridge. If your fridge is nearing the end of its life anyway, consider a full replacement.
A hum or a slight buzz is typical, but if your refrigerator starts making strange or loud noises, the compressor might be struggling. Professional Repair Required: Compressors have numerous components, and diagnosing the source of the noise can be complicated.