For most of us buying, a new home appliance is a major purchase and can be a daunting task. It can feel overwhelming spending several hundred dollars on one item but there are ways to save money when you are shopping for a new home appliance. We’ve put together 5 money saving tips for you to get appliance you need without putting your bank account way into the red. Follow these tips the next time you’re in the market and you’ll never have to pay full price for an appliance again!

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1. Appliance Necessities

Begin with developing a checklist of your appliance must haves. Take into consideration your family’s lifestyle and your budget and ask yourself questions such as: Do you cook a lot? How often do you do laundry? How much time do you have to keep appliances clean? Answering these types of questions will help you form a clear picture about what you need in an appliance.

You may need to downgrade from what you originally wanted. Having a large fridge or washer may be tempting but if you have a small home or family, then paying extra for this larger machine is a waste. Stainless steel refrigerators look sleek but they can be also very expensive and they show fingerprints. Instead of stainless steel, try satina. Satina costs less than stainless steel but gives the same look and is easy to keep clean.

2. Scratches and Dents

A lesser known secret of the retail world is that superficially damaged goods tend to come with major discounts. For homeowners who don’t really care if there’s a scratch or two on their new dryer, it’s possible to get the top brand names for a lower price. There are warehouses and showrooms full of slightly scratched and lightly dented appliances.

3. Wholesale, Overstock and Discount Outlets

Many big box retailers specialize in overstocked merchandise. This means that when another retailer accidentally orders too many dryers, microwaves or other appliances, the big box retailer buys these from them at a discount to get them off their hands. These savings are passed on down to customer who have the option of selecting from a variety of appliances at significantly lower-than-retail prices.

4. Like-New Sales

For homeowners who don’t mind having a gently pre-owned appliance in their home, there are ways to find appliances that have been bought but perhaps never used or only was used a few times. Check out sites like Craigslist or EBay Auction to find these appliances. Another option is checking the local newspaper for estate sales or foreclosure auctions. “Used” doesn’t have to mean “all used up.”

5. Research and Compare Prices

It’s important to read up on any models you may be considering. Put your smartphone to good use by doing a quick check on any stove or refrigerator you come across in the retailer’s showroom. Checking the manufacturer, model and customer reviews online can make the difference between buying an affordable, reliable washer/dryer, and one that’s known for breaking down halfway through every load. There is lots of information out there so take full advantage of it.

When doing your research try to avoid buying everything in one big shopping trip it may be convenient but it can also be more expensive. It makes more sense, financially speaking, to take your home, shop around, and compare prices. If you’ve had your eye on a particular appliance then check out their website and/or register for their electronic newsletter. Visit your retailer’s website and look to see if they have web only specials or if they have an electronic flyer. Most retailers let their online customers know first about upcoming deals and specials so you’ll always have the latest information from the comfort of your home.

It may take a month to outfit your home with all the necessary appliances, but it will help in the long run costing you less. It’s easy to overspend and break the bank when buying appliances, but it’s not necessary. With a little bit of planning and smart shopping, it can be just as easy to save some real cash on the process and wind up spending far less than you may expect. Happy Shopping!

Jeremy Godfrey is a writer and frugal living enthusiast. He wrote this post on behalf of Easy Appliance Parts where he spends his time-sharing his love of saving money with the blogosphere.

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