Repair Your Finances By Choosing Second-Hand Household Appliances

The nation simply can’t live without their household appliances. 96% of U.S households own a microwave, according to CNN. While, one in four have two refrigerators or more. However, Angie’s List advises that such appliances can cost anywhere from $350 to $8,000. And, with Fox News reporting that a typical American has $38,000 of personal debt, buying new appliances can be a costly expense when times are hard. Therefore, when it’s time to replace your existing appliances or invest in new ones, it’s wise to change your spending habits and seek out second-hand and budget friendly appliances.

Do your research

There are some appliances which are much better value for money when bought second-hand than others. Items such as refrigerators, televisions and ovens are frequently discarded by homeowners long before they break down. According to Howstuffworks, such appliances can last for decades, however, homeowners typically discard and replace them early due to newer models being released or following a home redesign. To ensure that your second-hand appliance is worth the money, research when the model was made so you can determine how old it is and its potential remaining lifespan.

Read reviews 

Once you discover how many years the second-hand gas range, printer or freezer you’re after has, it’s wise to read reviews on the product on an independent review site. Spiegel Research Center states that almost 95% of shoppers read reviews before making a purchase, while, Inc states that 84% of consumers trust reviews as much as they trust their friends. When seeking out reviews, look for ones which show a verified purchase as these are usually the most reliable and unbiased. Certain appliances should be reviewed in finer detail, too, including items required for school or work, such as laptops and printers. Before purchasing a printer, consider how much energy it consumes per use, as well as the type of ink it requires. You should also question how many printed sheets you get per ink cartridge to ensure that buying second-hand is more cost-effective in the long-run.

Sourcing the perfect appliance 

When it comes to picking up a second-hand appliance there are a variety of places to scour. The internet is a great place to start and provides multiple options, including auction sites, social media marketplaces and local classified advertising sites. According to Statista, 42% of American consumers have searched and purchased goods online, with 14% stating they prefer the online shopping process compared to buying in store. Alternative options for finding second-hand household appliances include going to yard sales, garage sales, junk stores, charity stores and flea markets.

Securing a great deal 

The great thing about buying face-to-face is that you can see and feel the appliance for yourself. In some cases, you may even be able to test it out. By seeing it’s condition in person and meeting the seller, you have an excellent opportunity to barter on the price and grab an even greater bargain. The Spruce advises that by simply asking for a discount, you can get 10% off in a junk store. Meanwhile, when buying from an auction site, set a maximum figure for the appliance you’re after and make sure you don’t go over it. With The Association of Resale Professionals revealing that one in five Americans buy second-hand, competition can be fierce and it’s easy to spend more than you intended. But, by being strict with the price you’re prepared to pay, it will prevent you spending more than you can afford.

For the millions of American households who are currently in debt, buying second-hand appliances is the ultimate way to minimize your expenses. So, when you’re next shopping for goods for your home, research and review used appliances from appropriate sources to secure a great deal.

Chrissy Helders

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