Have you ever bought something at full price only to find out that it's on sale a few days later? Or hesitated too long, waiting for the discounted price and the item went out of stock? Timing is everything when it comes to securing the best deals - but it doesn't make the frustration any less real.
As soon as I decided that I was going to upgrade my home appliances to energy-efficient models, I wanted to do it all at once. However, I quickly learned that patience certainly is a virtue (Yes, Mom, you were right once again) and when it comes to major appliances, impulse purchases are not the move.
If you can wait for the right moment, you'll be rewarded with getting the most value for your money. Mark your calendar with these ideal times to buy appliances:
The major holiday weekends
The holiday discounts are real, so take advantage of your day off to get a deal on appliances. Major retailers like Home Depot, Lowe's and Best Buy often align their sales with the big holidays, including Labor Day, Memorial Day, President's Day, Fourth of July, Veterans Day and Black Friday.
According to NerdWallet, retailers generally choose to either offer a set percentage markdown or throw in incentives, such as gift cards or free delivery. Those incentives can be especially worthwhile if you're planning to buy multiple appliances.
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The golden months
September, October and January are the months to note, according to House Logic. The reason is because manufacturers roll out new models at those times, meaning retailers want to get old (but still perfectly fine) inventory out the door as soon as possible - which usually means selling them at discounted prices.
The only exception to this rule is refrigerators. New models generally come out in May, which means retailers will discount last year's models during the spring. House Logic further noted that fall and winter are the best times to buy summer appliances like air conditioners and grills. The cooler temperatures don't encourage many consumers to think about purchasing warm-weather items, meaning demand - and prices - will be lower.
The end of any month
Many retailers assign their salespeople monthly quotas, which they may be desperate to meet in the last few days. According to Digital Trends, this can put you in a good position to haggle your way into the discounted price you want.
The days before or after a new release
Appliances hit the peak of their price tags when manufacturers first release them. As such, you're better off purchasing earlier models at discounted prices or holding off on buying the new one until the price drops.
The online jackpot
You can't bargain with the internet, but you can compare prices from different online retailers to find the most affordable option. Alternatively, you can lean on online data trackers. The CEO of TrackIf ran the numbers and shared some of the best times to buy appliances online with House Logic, with the results naming Thursdays and the entire month of November as times when online retailers are most likely to drop prices. Down to the hour, shopping around 3 p.m. apparently offers the best bang for your buck.
While you patiently await the best time to buy appliances, you can research which ones to purchase and prepare to take care of your new additions. We can help with that, too:
Being prepared for home repairs and appliance issues is always a good strategy. See how plans from TotalHome Warranty by HomeServe can help with the costs of covered appliance and home system repairs.