The last thing you want to do is wait for your appliance to be on its last breath and break down on you. Don’t let yourself get into that position and become stranded without a functioning oven or fridge. Waiting for a sale to replace your appliance may not be the brightest idea.
Having reliable appliances in your home is a crucial necessity. Your kitchen or home is incomplete without a fridge, washer, or oven. As modern-day beings, we have become used to relying on these appliances. Our daily life cannot function without a stove or fridge. If you take a moment to think, imagine life without a machine as simple as a toaster or microwave. For most people, this would be a significantly considerable inconvenience.
We understand the importance of home appliances, and affording a well-functioning machine is not a luxury available to all.
We’ll discuss how to afford new home appliances and what steps you can take to save money.
1. Don’t Wait for Seasonal Sales
What if your washer breaks down, and you’re stuck with a stinky pile of laundry growing bigger each day? Will you wait until Black Friday or Boxing Day to find a deal? If it’s months away, probably not.
If you take a look around, you’ll realize that appliances are always going on sale. You don’t have to splurge even if it’s an emergency because chances are that you’re missing out on a few deals. Take some time to compare deals and discounts at local stores to see where you can find your best option. You don’t always have to wait for a holiday sale to purchase a necessary home appliance.
2. Buy In Bulk
Buying appliances in bulk can save you money. If you’re renovating your home or more than one appliance breaks down, you may need to buy in bulk. But that doesn’t mean you can’t do so otherwise. If one of your appliances still has some life left, you can hold onto its replacement until it’s time to throw out the original.
According to research, buying three or more appliances can help you save up to 20%. You’re better off buying multiple devices at once because you will save money. It will help you plan their replacements together in the next 10-12 years. You can also purchase matching appliances from the same company that sometimes offers valuable warranties.
3. Buy Secondhand
You don’t necessarily have to purchase a brand-new appliance each time. If you’ve got a low budget or experiencing a shortage of money, buying a preowned appliance is also ideal.
Many companies offer refurbished appliances that look almost brand new. Some appliances are returned products or are labeled as damaged. A light dent on a machine can save you a couple of hundred bucks because most people won’t buy a ‘damaged’ product from a store. These types of damages do not affect the appliance’s functionality and only hinder its appearance.
You can also look at private websites such as eBay or Facebook Marketplace to find secondhand appliances.
4. Avoid Extended Warranties
Extended warranties are only usually valid for the first year, although some can go up to five years. The chances of you experiencing an issue during the first few years of purchasing your appliance are low. Companies charge high amounts for extended warranties, which only add to your bill.
In addition to that, the cost to repair your appliance will be cheaper than the warranty itself. You can always fix your appliance externally and save hundreds of dollars.
5. Price Match
Price matching doesn’t only apply to groceries. It’s widespread amongst larger retailers. Some companies will offer you a deal for being a loyal customer or a points collector. Companies will match other competitors to win the sale.
Do your research on discounts/deals so that if you find the same product elsewhere, some retailers may be willing to match the price. They might even beat it by a percentage.
6. Hire a Contractor
It doesn’t just end with purchasing the appliance. You’ve got to install it. Hiring a contractor can save you money because many retailers will charge you an exorbitant price just to install your appliance.
If you’re renovating your home or getting more than one device, it’s best to hire a contractor. They will quote you the total amount that includes the charge for labor, materials, and appliances, which can sometimes be cheaper than paying for separately.
Many contractors will charge a low fee if you’re just looking to install the appliance. You can find a licensed professional such as a plumber or electrician, online to help you.
7. Home Improvement Credit Cards
You can apply for a credit card to help pay for your appliance. Many home improvement stores or large retailers offer credit cards with special rates to help you afford their products.
Certain companies like Home Depot or Walmart offer credit cards at a low-interest rate or cashback options. It may save you some money when paying for your appliance. Overall, paying through a credit card means you should be able to make monthly payments and take more responsibility. Don’t forget the impact it can have on your credit score, and only apply if you know you can repay the debt.
8. Personal Loan
Your bank may be able to offer you a personal loan to purchase appliances. Once again, depending on your credit history, you can obtain a personal loan, which will determine the amount you receive.
Personal loans usually have lower interest rates. That’s why many go for this easy financing option over others. You can use the loan to purchase appliances, pay a contractor, or use it for other renovations.
9. Appliance Financing
Guaranteed customer financing for home appliances is an efficient option for most people. Fishing out money for a large appliance hurts the bank account, but what can you do when you’re desperate? Home appliance financing makes it easier for customers to purchase and use appliances instantly without paying the total amount upfront.
Denefits is a home appliance financing provider that approves all, no matter what. If you’re looking to finance your home appliances, try finding a retailer that works with Denefits. You can benefit from its many services that cater to simplify customers’ troubles in getting financial help.
Denefits offers flexible payment plans that work with your needs. You have the option to put a down payment and control your monthly payments. Worrying about your creditworthiness is not an issue because Denefits runs no credit checks financing options! Regardless of your credit history, you’re guaranteed approval.
Endnote
No matter your situation, it is a necessity to have a working fridge, oven, or washer. Whether you make a spontaneous decision and splurge on your purchase or do your research and save is entirely up to you.
As you know now, multiple options are available to afford new appliances. If your appliance breaks down on you suddenly, it’s not the end of the world! They are large investments, but a wise choice can save you from breaking the bank. Denefits will help you finance your appliance while making it affordable if all else fails.
To learn more, you can visit denefits.com for affordable home appliances financing or download the Denefits app!
