Consumers get the best deals on major appliances by purchasing at strategic times, carefully considering the various options and negotiating the price. Avoid buying a major appliance on a whim unless the old model breaks down. Careful research of and monitoring appliance prices over time help you determine the best time to strike for the biggest savings.
You may have a favorite appliance store, but if you're looking for the best price, expand your search to include other stores. Browse store websites and weekly ads to give you an idea of the brands and models available at each store. Big box stores are often considered to have the lowest prices because of the large sales volume, but local stores can sometimes offer low prices due to lower overhead, according to Mint Life. Take notes as you shop around so you can compare the price on similar models at each stop.
Time It Right
Major appliances go on sale at certain times of the year, making it easier to time your purchase. September, October and January often mean lower prices on appliances since stores are clearing the way for new models, according to Houselogic. Spring is the best time for a refrigerator purchase. If you can't wait until those months, hold off until the end of the month when stores need to meet quotas. You may land a deal so your salesperson meets her goals. Appliance stores often hold major sales around holidays, such as President's Day and Memorial Day.
Appliances come with all sorts of bells and whistles, but those features add to the price and provide more opportunities for the unit to break. Compare the features on each model and determine if you really need the extras before making a purchase. Start by looking at the cheap base models to determine if they have the features you need. If not, move up the price range. If you look at the expensive models first, it may be difficult to convince yourself to go for a more basic model.
The appliance store isn't a used car lot, but consumers are often successful in negotiating a lower price on appliances. Knowing what other stores charge for similar models is a starting point. Some stores have price-match policies to stay competitive, so you won't have to do much negotiation. Even if a policy doesn't exist, the store may be willing to come down in price to compete with other local stores. You may have more luck in the negotiations on older models or those that aren't as popular.