Inflation is still going up, but not in the way it was a few years ago. From July 2023 to July 2024, the cost of appliances has climbed 0.4%, according to the Consumer Price Index. Assuming that trend holds, you'll save money if you buy a large appliance sooner rather than later.
Fourth of July and Black Friday sales
The best time to buy appliances is often during Fourth of July and Black Friday weekend sales, says Justin Sherman, a merchandising and media manager at New England Appliance and More, Inc. in Braintree, Massachusetts.
The kitchen appliance trends for 2024 are all about blending style, functionality, and innovation. Whether you're drawn to the bold look of black stainless steel or the timeless elegance of white appliances, there's something for everyone in today's market.
What month is the best to buy appliances? November typically offers the best sales as Black Friday and Cyber Monday bookend Thanksgiving Day weekend. However, it's worth checking in September and October when prices drop on last year's models to make way for the new ones.
There are major freight back-ups at ports (it's been all over the news) which means even if appliances can be built efficiently (there are delays on that end too), we can't get enough supply to meet demand. Prices are up.
Refrigerators: Generally, refrigerators last between 10 to 15 years. Dishwashers: Dishwashers usually last around 7 to 12 years. Washing machines: Depending on their usage, washing machines can go strong for 8 to 12 years. Dryers: Dryers have a similar lifespan to washing machines, lasting approximately 8 to 12 years.
Although it can't hurt to haggle at national chains such as Home Depot and Lowe's, independent stores often have more flexibility on price. The Consumer Reports survey found that of the 32% of people who tried to get a better deal for a major appliance at an independent retailer, 64% were successful.
One of the best ways to save on kitchen appliances is by timing your purchase around major sales events. Retailers often offer significant discounts during holidays like Black Friday, Memorial Day, and Labor Day. These events are perfect opportunities to snag a high-quality appliance at a fraction of the cost.
The Best Times to Buy Appliances
You'll likely find the most savings by shopping during the following windows: September to December: The newer models are coming out around this time and retailers need to make room for them, so you'll typically be able to buy older models at lower prices.
White appliances are a safe and timeless addition when it comes to your kitchen.
White appliances brighten up your kitchen space and offer a traditional look and feel.
If you're on a tight budget, you can save money by purchasing basic black or white appliances without a lot of frills. Unless you're a serious cook, these appliances should provide all the functions you need.
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.
Beginning of the Year. When stores aren't able to get rid of their inventory from the prior year, they often reduce the price of those leftover large appliances to move them quickly. So your best bet may be to go to stores in January to take advantage of the best appliance sales from the year before.
Shoppers and employees at Lowe's say that you can negotiate prices on Lowe's scratch and dent appliances even lower than the price shown on the sticker. In other words, you can potentially save more than 50%. Most store managers are happy to offload scratch and dent appliances.
Purchase Appliances in a Bundle
A retailer may offer you a discount if you buy more than one appliance at a time. For example, if you're remodeling your kitchen and need a refrigerator, oven and microwave, buying them all at once will be cheaper. The same is true if you are buying a washer and dryer.
Inclusions and Exclusions
Negotiate with the seller regarding what items will be included in the sale. Common inclusions are appliances, window treatments, or fixtures. You can also specify items you would like to be excluded, such as personal belongings or specific fixtures.
While GE may offer more high-end features, Whirlpool excels in providing solid construction and practical features that meet the needs of most households without the added cost of luxury. For budget-conscious consumers seeking durable appliances, Whirlpool is often the better option.
The Top Five Appliances in Need of Repair Before They Break
The five common household items that should be checked regularly for potential repairs before they break down completely are the refrigerator, washing machine, water heater, and air conditioning units.
Yes, You Can Haggle for a Lower Price
“The sales associates usually don't have the power to give you a better deal, but if you ask to speak to a manager, he or she may be more willing to negotiate with you to seal the deal,” says Woroch.
Many manufacturers and retailers offer Trade-In Programs for their appliances, where they'll accept a product of similar type—refrigerator for refrigerator—and provide you a credit toward the purchase of your new appliance. You can contact an appliance seller near you to see what appliances they will accept as a trade.
The best time to buy appliances is during The Home Depot's appliance savings events when laundry pairs, kitchen packages and individual appliances are on sale. Appliance savings doesn't just apply to major appliances.