Appliances like refrigerators, ovens, and dishwashers are relatively large purchases. Sure, you can probably buy a basic refrigerator with a top-mounted freezer for around $500 to $1,000, and you can buy a basic dishwasher for a few hundred bucks. But if you want better quality, more features, or smart home connectivity, the bill can quickly add up.
Because the bill for new appliances can easily get up into the thousands, a lot of people research and plan before making a major purchase like a refrigerator or washing machine. They might even research for months to find the best option (which option: Top-load or front-load washing machines?) at the best price. According to data published on Statista, quality and value for the money are the two most important aspects consumers consider before making appliance purchases.
The best way to get the most bang for your buck is to buy your appliances at the right time. This purchase timing guide uncovers the times when you can get deals on appliances, and times when you should avoid buying appliances if you’re looking for savings.
Best times to buy appliances
Holidays and holiday weekends
Most people know they can get deals on just about anything on shopping holidays like Black Friday and Cyber Monday. But you can save some cash on other holidays throughout the year as well. Appliance manufacturers and retailers often offer sales on the three-day-weekend holidays and others such as:
- Presidents Day
- Memorial Day
- Labor Day
- Fourth of July
- New Year’s
If you buy during a holiday sale, you can spend as little as half of what you’d pay if you bought at regular prices. On Presidents Day, merchants like Best Buy, Lowe’s, and Sears offered between 30% and 50% off refrigerators, microwaves, and washers and dryers. On Black Friday,advertised up to 40% off of appliances with special buys, plus instant savings of up to $500 when you buy two or more select appliances. Some retailers offer additional incentives too. For instance, Best Buy had a special offer where you could get a free $200 gift card when you purchased two or more select Samsung appliances.
Right before the release of a new model
Just like with many other electronics, the price of a new model is at its highest when the manufacturer first releases a new product. You can get a heck of a better bargain if you wait a while and make your purchase after the price has a chance to go down. Think about someone who purchased a PlayStation 4 immediately after it released. They probably paid much more for their PS4 than someone who just purchased their console last week.
When the newer version of an appliance model is about to be released (often in the fall), retailers also may need to make room for the new inventory, and they’re more likely to have deals on the previous models and even on floor models.
At the end of the month
Some retailers and appliances salespeople have monthly quotas. If the store wants you to buy an appliance more than you need to buy an appliance, this puts you in a good position. You have the upper hand.
If you’re shopping at a locally owned retailer, you can even straight up ask for a discount. The worst they can say is “no.” If you get a “no,” you can always buy it anyway or go to another retailer.
September, October, November, and December are the months when appliance makers release new models or when holiday shopping deals tend to start rolling in. This means that stores are often more willing to give deals on previous models.
Refrigerators are a bit different, though. Makers of that kitchen appliance tend to release new models in the spring, so that’s typically a good time to buy a fridge. May is also Maytag month when retailers offer rebates and savings on Maytag appliances.
Back-to-school may seem like a weird time to think about buying appliances, except for one important factor: All the kids leaving for college and moving into their own dorms and apartments. Those students need new microwaves, mini-fridges, space heaters, and lots of other various appliances — and manufacturers know it. That’s why a certain number of back-to-school sales will include affordable appliances, especially smaller versions. That makes it a great time to look for deals, especially if you also need a space-saving version.
Buying in the off-season
There’s a whole class of seasonal appliances that people are only really interested in during certain times of the year. One example is a barbecue grill, which people mostly use in spring and summer. People tend to think about room heaters in the winter, not during high-temperature summer months. Likewise, people want new AC units in summer, not in the middle of winter.
This creates an inverse effect where the best time to buy season appliances is often in the opposite season. That means — in addition to the advice we gave above — you should look for heaters in the summer, AC units in the winter, and so on. This a good rule for all kinds of HVAC and fuel-related appliances.
Buying open-box or floor models
A final note about buying in the store: There’s one more thing that you can do to find the best deals, and that’s ask about any damage discount. For many larger appliances, small scratches, dents, and dings won’t affect performance at all and may not even be visible when the appliance is installed. But these small spots of damage tend to yield 10% to 20% discounts that you can use to save even more money. While you’re taking a look, make sure you ask about any damage discounts for the specific kinds of products you’re looking at.
The best time to buy appliances online
Although shopping online allows you to search pricing at multiple stores in a matter of minutes, you can’t actually see the appliance in person. Buying online is ideal when you’ve done your homework, and you know exactly which brand and model you want beforehand.
If you do buy online, the best time of day to buy is 3 p.m., and the best day to purchase is on Thursday, CEO Doug Berg reported to House Logic. Retailers are more likely to reduce prices then.
Worst times to buy appliances
One of the worst times to buy an appliance is shortly after the newest model is released, and the price is still at (or near) retail. Consumer reports studied a year of pricing data on roughly 1,500 cooktop ranges and found the prices on new models were higher during the first half of the year and declined with each holiday after the Fourth of July. The prices on new dishwashers followed a similar pattern, where they were at their highest at the beginning of the year and declined throughout the year as Black Friday approached. Therefore, if you are looking at a newer-model stove or dishwasher, and you can hold off on buying during the first half of the year, you may be able to get a better deal.
Another bad time to buy is when you have an emergency need for a new appliance. Although it sounds counterintuitive to avoid buying something when you need it, you’ll likely get a better deal if you buy before the need arises. If you wait until your fridge completely craps out to buy a new one, this puts you in a more desperate position. You can’t really wait for a bargain, you don’t have much time to research, and you’re not in much of a position to search for a bargain or shop around.
- Best Buy 4th of July Appliance Sale: Refrigerators, washer-dryers, and more
- The best time to buy a TV
- The best dryers for 2020
- Amazon Prime Day 2020: When is it, and what can we expect?
- Home Depot 4th of July Sale 2020: Appliances, grills, tools, and more