The best time of year to buy new appliances depends on what you’re buying, but with some careful planning, you can take advantage of special sales to get the best model possible at the best price. Save yourself money and headaches — don’t wait until you’re headed for the laundromat or left without a stove before finding the best time to buy appliances for your home.
The best time of the year to buy most new appliances is fall
It’s always a good idea to get the maximum use out of your appliances, but that doesn’t mean you can’t prepare for when they’ll break down. Use each appliance’s current condition to develop a plan for replacing it. That way, you not only start exploring your options early — and before the best time of the year to buy appliances — but can also begin saving for them, too.
Check with the manufacturers of your current appliances to get an idea of your model’s lifespan and when it might be time to buy a new one.
How the best time of year to buy appliances differs by appliance type
Most manufacturers of washers, dishwashers and dryers release new models in September and October, leaving room for massive savings and closeout sales on previous models.
Refrigerators get released in the summer, so spring is typically the best time for deals. May, in particular, is a prime time to buy, as it is Maytag Month. During the month, Maytag offers generous rebates on select models.
For stoves and ranges, January is one of the best times to buy. Holiday and year-end deals can also be impressive, with clearance sales to move remaining inventory. If possible, take the time to shop for a new appliance. Many stores will even offer price matching so that you can get the best deal from your favorite store.
Is it worth buying new appliances for home remodeling?
Remodeling can be expensive enough, so you can save money by keeping appliances that are newer and function well. However, if your appliances are older or don’t fit the goal of the remodel (think energy efficiency) then you’ll want to replace them.
Should you want to update some of your appliances during your remodel, you can receive some excellent deals by shopping around first and comparing prices with multiple retailers. Also consider financing incentives that allow you to spread the costs over months instead of paying one lump sum.
With retail financing, you should pay off the entire balance before the promotional period ends. If you receive no-interest financing for 12 months but do not pay off the balance in that time, you’ll have interest tacked onto your balance, creating a more expensive project.
Where to find the best deals on appliances
You can find great deals by shopping during holiday weekends when retailers need to sell old models or want to entice buyers with rebates on the newest ones. Extended weekends like Memorial Day or Labor Day are perfect times to score deals. Black Friday can also help you save on specific models.
When choosing a model, consider factors that influence cost. For instance, white appliances might not carry the allure of their black and stainless steel counterparts, but they can save you up to $100 on average, according to Good Housekeeping.
If you have your eye on a brand, follow its social media page to stay abreast of all its deals. Many retailers offer promo codes for sizable discounts.
Another option is to pay more up front for an energy-efficient model. The price tag might be tough to bear at first, but keep in mind that these models are engineered to lower your energy consumption, resulting in lower utility bills. In turn, the energy savings during the life of the appliance will more than make up for the initial cost.
An alternative is to search for an appliance with scratches or dings. Even a minor imperfection might cause the retailer to offer a small discount on it.
If you want to save even more money, scour liquidation sales to find refurbished appliances and overstocked models for lower prices than brand new ones.
Check social media sites such as Facebook and Nextdoor for homeowners selling appliances. Often, you can get a good deal if someone is moving or remodeling. While you’ll save money, you won’t receive a warranty with the appliance, so you’ll be buying it as is. In many instances, you’ll have to install it, too. So, if you don’t mind rolling the dice, buying an appliance from a private seller could be a wise option.
Knowing the best time to buy appliances can help you maximize savings while refreshing your home. You’ll be able to score retailers’ seasonal sales and manufacturers’ discounts to get the best models. Planning ahead to replace your appliances will also give you time to save up the money or secure financing such as a home improvement loan, home equity loan or home equity line of credit (HELOC).