Shelling out big bucks for a new appliance hits the budget pretty hard. But you can save money on new appliances—if you know how to shop for them. Check out these seven ways to save before you head out to buy that new washer and dryer pair, dishwasher, fancy fridge, stove, or oven.
01 of 07
If you don't mind owning last year's model, you can shave hundreds of dollars off of your appliance purchase. Best time to shop: September and October, when stores are under pressure to clear space for the new arrivals.
02 of 07
Shop the Scratch and Dents
A small scratch or dent could become your best friend if you're on a tight budget. Ask the sales associate if there are any damaged appliances for sale. Then survey the damaged models to decide what you are willing to live with. Even the smallest blemish can net big savings.
03 of 07
Buy Only What You Need
Have you ever noticed how the most expensive appliance models are typically the first ones that you come to in the store? That's no coincidence. To keep yourself from falling for the latest bells and whistles, make a list of what you need and possibly what brand you prefer before you venture into the stores. Then buy the cheapest model that meets those needs. Just remember: That refrigerator with the built-in TV isn't going to keep your food any colder.
04 of 07
Do a Trade-In
It's no secret that trading in your car can save you money on a new car purchase, but did you know that you can sometimes do the same thing with your appliances? Check with appliance dealers in your area to see if any accept trade-ins. Then find out how much your current appliance is worth. It could just be your ticket to a bargain.Continue to 5 of 7 below.
05 of 07
Shop the Sales
If you find something you like but you're not thrilled with the price, ask a sales associate when your pick is scheduled to go on sale. Waiting a week or two could be all it takes to reduce your purchase price by as much as 25 percent. Or wait to buy until a holiday weekend, like Memorial Day or Labor Day, when appliances are often discounted for a short time.
06 of 07
Look for a Package Deal
If you need to buy several appliances at once, like a washer and dryer or all new appliances for your kitchen, an appliance package could be your biggest source of savings. Retailers frequently bundle appliances to boost sales, and these packages can offer significant savings over the price of purchasing each item individually.
07 of 07
Buy a Floor Model
Do you mind if your new appliance comes with a box? If not, think about buying a floor model. You'll enjoy the same warranty that you'd get with a new-in-box item, without the new-in-box price. Sacrifice a little cardboard and save a lot.