The Pros and Cons of Buying Versus Replacing Appliances

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Buying Verus Replacing: What You Should Look At Concerning Your Home Appliances

Everyone has an opinion on this topic. Some argue that buying a new home appliance is going to offer more bang for your buck. They argue there will be fewer issues if you buy new.

Others argue that replacing your home appliances with a used or refurbished one is the way to go. They argue that you will spend less with a used appliance.

The question is: Who is right?

Well, some argue that both have their set of pros and cons. It just depends on your current needs at the moment. I mean, if all you need is a simple repair job, then why spend all that money on something new.

Below we have a breakdown of what you need to consider when deciding whether to buy new or replace it with something else.

Broken Versus Not Broken

Sometimes an appliance stops working. We start to worry about going to the store to buy something new. The first thing you should do is take a look at whether or not it is plugged in. Sometimes the lack of working electricity to the unit is the reason that the appliance has failed.

You should also check to see if the circuit breakers have tripped. Someone went and bought a new blender only to find that their breakers caused the problem.

How small is the problem? Sometimes we get so angry and frustrated, sometimes to the point that we “throw the baby out with the bathwater”.

Say, for example, that it is a small fix. The only thing you need to do is replace the part. Why spend all that money on something new when you just need to replace a filter or something like that?

The filters bring us to the next point. Do you have a clogged or broken filter? Sometimes replacing the filter with one that works is all it takes to get your home appliance up and running again.

The Warranty

Check to see what your warranty says. Most warranties cover labor and parts for at least a year, sometimes longer. Warranties are great for covering repair jobs, at no cost to you. Why spend all that money on something new when your warranty covers it for free?

Has Its Usefulness run Its Course?

Sometimes an appliance reaches the end of its lifespan. That is when it is no longer useful and you do have to buy something new. Check the lifespan.

To give you an idea of what to look at, I have included a few examples.

1) Most dishwashers only lasts 9 years, sometimes 10. It is at that mark you should consider buying something new instead of nickel and diming your replacement parts.

2) A dryer has about 13 years.

3) An exhaust fan has a shelflife of 10 years.

4) A freezer has a shelflife of 11 years.

5) A microwave has 9 years.

Anyway, you get the point. Do a Google search on your appliance in question. That will give you an idea of whether it needs repairing or replacing.

Word of Caution: Say, your appliances are beginning to need constant repair during that mark. Stop the madness. Just by a new one and call it a day. Those constant breakdowns are a sign that you are wasting your money on replacement parts.

Does Replacement Of An Old Appliance Have Hidden Costs?

The answer is, yes, they do. The price tag could be the minimal amount on what you spend for the upgrade.

1) You might have to spend money to modify the spot you place the appliance in.

2) A gas appliance will only work if you already have gas connections. Otherwise, you will be spending more money to upgrade.

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