November 25, 2014

Ten Money Saving Tips – Read This Before You Buy

Here are some handy tips to consider if you really want to save money on your next appliance purchase:

1. Buy Last Year’s Model
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.

2. 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 they have 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.

3. Buy What You Need
Have you ever noticed how the most expensive appliance models are typically the first that you come to in the store? No coincidence, I assure you. To keep yourself from falling for the latest bells and whistles, make a list of what you need 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.

4. 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.

5. Shop the Sales
Find something you like, but 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 25%. September and October are the best months to make major purchases but the second-best time is during the holidays. Merchants offer deep discounts at Christmas, when consumers want to spiff up their homes for the holidays. Also keep an eye out for sales on the less-celebrated weekends, like Memorial Day, Mother’s Day and Labor Day.

6. Look for a Package Deal
Need a washer and dryer or all new appliances for your kitchen? If so, 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.

7. Buy a Floor Model
Do you mind if your new appliance comes without a box? If not, consider purchasing 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.


8. Shop Box Stores

Shopping warehouse and box stores can be hit or miss. Sometimes you get a great deal and other times you may pay more. When it comes to appliances, however, you may be surprised at the bargains you can find. Such stores don’t usually honor price matches so what you see is what you get. Before hitting these cut-rate stores, research prices and quality online.

9. Avoid Rentals
It’s tempting to pay just $20 a week for a new refrigerator, but the interest you’ll pay for a rent-to-own appliance means you end up paying much more than the purchase price. These retailers thrive on consumers who pay the minimum amount each month or end up reneging on payments and losing the appliance.

10. Surf Craigslist
Keep an eye on the appliances section for low prices on brand new appliances. Dealers sometimes advertise their overstocks on Craigslist. Look for “dealer” notations to know if you’re working with a store and not a private seller. Realtors and remodeling contractors also offer new or nearly new appliances. You’ll likely have to manage your own delivery and installation, however.

Credit to about.com and couponshepa.com

Consumers Seeking High Efficiency Laundry

Green is the new black when it comes to the laundry room, yet many consumers do not realize they have a choice when it comes to high-efficiency (HE), eco-friendly laundry appliances. A recent survey commissioned by Whirlpool Corporation revealed that while nearly 60 percent understand what HE means in regards to laundry appliances, almost 40 percent believe that top-load washers use more energy than front-loading machines – a common misconception in today’s marketplace.
Traditionally, consumers seeking high efficiency laundry turn to front-loading machines, yet according to previous Whirlpool research nearly three quarters of American households still own top-load washing machines. In fact, 44 percent of consumers in the most recent survey said they did not know if top-load washers use more energy than front-loaders and 38 percent believe that they do, indicating a need for clarity when it comes to communicating the benefits of HE machines to appliance shoppers.
“Historically, front-load laundry pairs have led the industry in capacity and efficiency,” said Mary Zeitler, home economist, Whirlpool Institute of Fabric Science, “but manufacturers like Whirlpool Corporation are working to offer superior energy and water savings in models to suit consumers’ needs and preferences. As more families look to save on energy, water and utility costs, it is important to understand that HE washers, whether in a top-load or front-load configuration, can deliver unmatched efficiency, saving time and money in the laundry room.”
And while overall consumer demand for eco-friendly products is generally high, understanding HE in terms of laundry and the configurations in which it is available varies. For example, consumers aged 18-44 said an HE washer would be a “must have” in their dream laundry room, while consumers aged 45+ said their “must have” would be a washer and dryer that are more ergonomically friendly.
Additionally, consumers who are married or were married appear to understand eco-efficient products, more so than their single/never married counterparts. In fact, 61 percent of married and 64 percent of previously married consumers said they understand what HE means in terms of laundry appliances – while only 51 percent of single/never married consumers said the same.

How to Save Money Buying a New Appliance

Buying a new appliance is expensive and everyone wants to get a good value for their money.  Sometimes getting less can be more.  According to Consumer Reports, some of the extra features offered on new washers and dishwashers are not needed and just add unnecessarily to the final cost.

Take new dishwasher cycles with names like “turbo zone” and “power scour.” For those, special nozzles are placed in the back of the dishwasher to take care of tough jobs.

Although those cycles do a good job, Consumer Reports testers say they are not essential.

“We find many dishwashers, using just the regular setting, do a great job cleaning our very tough challenge: baked-on brownie mix,” Consumer Reports tester Kim Kleman said.

You can also save by skipping the often-pricier stainless steel tubs and get a plastic tub in your dishwasher.

“People love the stainless steel look, but how many people are looking inside your dishwasher?” Kleman said. “The plastic tub should hold up just fine.”

Many washing-machine models come loaded with lots of extra features – such as cycles made specifically for bedding, active wear and sanitizing. Consumer Reports, though, says you should take a pass on those options.

“Stick with the regular heavy-duty, normal, delicate and white cycles. That’s all you really need,” Kleman said.

As for dryers, don’t be wowed by claims like extra-large capacity, super capacity and king-sized capacity.

“We find most dryers hold plenty, whether it says super capacity or not,” Kleman said.

Although matching washer-dryer sets look nice, they can cost more.

If you’re buying them at the same time, Consumer Reports recommends getting the best-performing, most efficient washer – one that extracts the most water from clothes.

Among dryers, get the one that has a moisture sensor.

Consumer Reports ranked its Best Buys among dishwashers, washers and dryers:

  • Dishwasher: Sears’ Kenmore 1374 for $650.
  • Washer: Frigidaire Gallery GLTF2940F for $650.
  • Dryers: GE DBVH512EF[WW] for $650; GE DPSE810EG[WT] for $500.

Keep to this strategy: Don’t pay for features you don’t need.